<TABLE>
<CAPTION>
<S> <C>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-25714
(Check One):
|X| Form 10-K |_| Form 20-F |_| Form 11-K |_| Form 10-Q |_| Form N-SAR
For Period Ended: June 30, 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: _______________________________________________________________________
- ------------------------------------------------------------------------------------------------------------------------------------
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
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:
- ------------------------------------------------------------------------------------------------------------------------------------
PART I -- REGISTRANT INFORMATION
The Aegis Consumer Funding Group, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Full Name of Registrant
- ------------------------------------------------------------------------------------------------------------------------------------
Former Name if Applicable
525 Washington Blvd.
- ------------------------------------------------------------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Jersey City, NY 07310
- ------------------------------------------------------------------------------------------------------------------------------------
City, State and Zip Code
PART II -- RULES 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, Form 20-F, Form 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
| calendar day following the prescribed due date; and
| subject quarterly report of 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.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
(Attach Extra Sheets if Needed)
See Attachment I
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
PART IV--OTHER INFORMATION
<C> <S>
(1) Name and telephone number of person to contact in regard to this notification
Dina L. Penepent (201) 418-7310
----------------------------------- ------------------------ -------------------------
(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 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
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.
See Attachment II
====================================================================================================================================
The Aegis Consumer Funding Group, Inc.
--------------------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date September 30, 1997 By /s/ Dina L. Penepent
-------------------------------------------- ----------------------------------------------------------------
Dina L. Penepent, Chief Financial Officer,
Executive Vice President & Secretary
INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The
name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf
of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
- ----------------------------------------------------------- ATTENTION --------------------------------------------------------------
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
The Aegis Consumer Funding Group, Inc.
Form 12b-25
Annual Report on Form 10-K for the Fiscal Year Ended June 30, 1997
Attachment I
Registrant's financial statements were not completed on or
before the date on which Registrant's Form 10-K for the fiscal year ended June
30, 1997 was required to be filed due to the pendency of a number of potential
capital transactions which would have a material impact on the Registrant's
financial statements for such year. The Registrant believes at this time that
the financial statements will be completed, and its Form 10-K will be filed,
within the grace period provided for under Rule 12b-25.
Attachment II
Registrant expects its results of operations to have decreased
from net income of $9,300,000 for the fiscal year ended June 30, 1996 to a net
loss of approximately $41,500,000 for the fiscal year ended June 30, 1997. This
decrease in net income resulted from a reduction in the valuation of the
Registrant's retained interests on securitized receivables. This reduction is
due primarily to the deterioration in the Registrant's recovery rates from the
disposition of repossessed vehicles.
