EAGLE FINANCE CORP
NT 10-K, 1998-04-01
PERSONAL CREDIT INSTITUTIONS
Previous: EAGLE FINANCE CORP, 10-K405, 1998-04-01
Next: ACCENT COLOR SCIENCES INC, DEF 14A, 1998-04-01



<PAGE>


                      U.S. SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
                                    FORM 12b-25
                                          
                            NOTIFICATION OF LATE FILING
                                          
                                          
                                  SEC FILE NUMBER
                                      0-24286
                                          
                                          
                                          
                                          
                                    CUSIP NUMBER
                                    26951K 10 9
                                          
                                          
                                          
                                          
[X] Form 10-K and  [ ] Form 20-F  [ ] Form 11-K  [ ]  Form 10-Q  [ ] Form N-SAR
    Form 10-KSB                                       and Form  
                                                      10-QSB

For Period Ended:  December 31, 1997    

     [  ]      Transition Report on Form 10-K
     [  ]      Transition Report on Form 20-F
     [  ]      Transition Report on Form 11-K
     [  ]      Transition Report on Form 10-Q
     [  ]      Transition Report on Form N-SAR

     For the Transition Period Ended:_______________________________________

     If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:  ITEMS 6, 7, 8, 9,
14(a)(1), 14(a)(2) AND 14(d)  

PART I - REGISTRANT INFORMATION

     Full Name of Registrant

       EAGLE FINANCE CORP.    

     Address of Principal Executive Office

       1425 TRI-STATE PARKWAY, SUITE 140, GURNEE, ILLINOIS  60031     

<PAGE>

PART II - RULES 12b-15(b) AND (c)

If the subject report could not be filed without unreasonable effort or 
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the 
following should be completed.  (Check box if appropriate)

     (a)  The reasons described in reasonable detail in Part III of this form 
could not be eliminated without unreasonable effort or expense; [X]

     (b)  The subject annual report, semi-annual report, transition report on 
Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on 
or before the fifteenth calendar day following the prescribed due date; or 
the subject quarterly report or transition report on Form 10-Q, or portion 
thereof will be filed on or before the fifth calendar day following the 
prescribed due date; [X] and 

     (c)  The accountant's statement or other exhibit required by Rule 
12b-25(c) has been attached if applicable. [X]

PART III - NARRATIVE

State below in reasonable detail the reasons why Form 10-K and Form 10-KSB, 
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion 
thereof could not be filed within the prescribed period.  

     The registrant was unable to file a complete Annual Report on Form 10-K for
     its fiscal year ended December 31, 1997 because the audit of the
     registrant's financial statements by KPMG Peat Marwick LLP ("KPMG"), the
     Company's auditors, has not been completed prior to the due date for the
     Form 10-K as discussed in Exhibit B attached hereto.

PART IV - OTHER INFORMATION

     (1)  Name and telephone number of person to contact in regard to this
          notification
            ROBERT J. BRAASCH                     (847) 855-7133      
               (Name)                        (Area Code) (Telephone Number)

     (2)  Have all other periodic reports required under section 13 or 15(d) 
of the Securities Exchange Act of 1934 or section 30 of the Investment 
Company Act of 1940 during the preceding 12 months or for such shorter period 
that the registrant was required to file such report(s) been filed?  If the 
answer is no, identify report(s).

                                                  [X] Yes     [  ] No

     (3)  Is it anticipated that any significant change in results of 
operations from the corresponding period for the last fiscal year will be 
reflected by the earnings statements to be included in the subject report or 
portion thereof?
                                                   [X] Yes     [  ] No

                                      2

<PAGE>

See Exhibit B attached to this Form 12b-25 for an explanation of such change in
results of operations.

                                        EAGLE FINANCE CORP.      
                         (Name of Registrant as specified in its charter)

has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Dated:    March 31, 1998           By:  ROBERT J. BRAASCH  
                                        -------------------------------
                                 Name:  Robert J. Braasch
                                 Title: President and Chief Financial Officer

                                 3

<PAGE>

                                          
                                   EXHIBIT INDEX
<TABLE>
<CAPTION>

EXHIBIT   DESCRIPTION                                               PAGE
<S>       <C>                                                       <C>

A         Statement of KPMG Peat Marwick LLP                          5
B         Effect on Results of Operations                             6

                                          
</TABLE>

                                            4

<PAGE>

                        [LETTERHEAD OF KPMG PEAT MARWICK LLP]





                   EXHIBIT A TO FORM 12b-25 OF EAGLE FINANCE CORP.




April 1, 1998




Eagle Finance Corp.
Gurnee, IL

Ladies and Gentlemen:

Pursuant to Rule 12b-25 of the General Rules and Regulations under the
Securities Exchange Act of 1934, we inform you that we have been furnished a
copy of Form 12b-25 to be filed by Eagle Finance Corp. on April 1, 1998, which
contains notification of the registrant's inability to file its Form 10-K by
March 31, 1998.  We have read the Company's statements contained in Part III
therein and we agree with the stated reasons as to why we have been unable to
complete our audit and report on the financial statements for the year ended
December 31, 1997, to be included in Form 10-K.

Very truly yours,



KPMG Peat Marwick LLP
Chicago, Illinois

                                           5
<PAGE>

                                          
                  EXHIBIT B TO FORM 12b-25 OF EAGLE FINANCE CORP.

     As of the date of this filing, the Company has not been able to provide 
all of the information required by KPMG Peat Marwick LLP in connection with 
the Company's 1997 year-end audit including information relating to certain 
sales of assets that occurred during 1997.


                                    6


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission