SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number: 0-25880
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [_] Form 11-K [_] Form 20-F [_] Form 10-Q
[_] Form N-SAR
For Period Ended: August 31, 2000
[_] Transition Report on Form 10-K [_] Transition Report on Form 10-Q
[_] Transition Report on Form 20-F [_] Transition Report on Form N-SAR
[_] Transition Report on Form 11-K
For Period Ended: N/A
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates: N/A
PART I
REGISTRANT INFORMATION
ILM II LEASE CORPORATION
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(Full name of registrant)
Former name if applicable: N/A
1750 Tysons Boulevard,
Suite 1200
Tysons Corner, Virginia 22102
(Address of principal executive office)
PART II
RULE 12b-25(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.)
[X] | (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, 20-F, 11-K or Form N-SAR, or portion
| thereof will be filed on or before the 15th 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; and
|
[_] | (c) The accountant's statement or other exhibit required by Rule
| 12b-25(c) has been attached if applicable.
<PAGE>
PART III
NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR or the transition report or portion thereof, could not be filed within the
prescribed time period.
The Annual Report on Form 10-K of ILM II Lease Corporation (the "Registrant")
was not completed by November 29, 2000, the last day for a timely filing of
such Annual Report for the period ended August 31, 2000 because of delays
experienced by the Registrant's accounting staff, as described below.
On August 15, 2000, pursuant to its terms, the Facilities Lease Agreement by and
between ILM II Holding, Inc. and the Registrant dated September 1, 1995, as
amended (the "Facilities Lease Agreement"), was terminated with respect to the
Registrant's interest in the senior living facility located in Santa Barbara,
California. This partial termination of the Facilities Lease Agreement has
caused the Registrant's accounting staff delays in their preparation of the
Annual Report of the Registrant on Form 10-K, given the proximity of this
termination to the end of the Registrant's fiscal year.
Therefore, additional time is required in order to enable the Registrant
to file a complete and accurate report.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Jeffry R. Dwyer (888) 257-3550
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(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 on the
earnings statements to be included in the subject report or portion thereof?
[_] Yes [X] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
ILM II LEASE CORPORATION
------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: November 30, 2000 By: /s/ Jeffry R. Dwyer
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Name: Jeffry R. Dwyer
Title: President
