NOTIFICATION OF LATE FILING
FORM 12b-25
SEC FILE NUMBER 000-23309
CUSIP NUMBER 501942106
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Check One): / / Form 10-K / / Form 20-F / / Form 11-K
/X/ Form 10-Q / / Form N-SAR
For period ended: September 30, 2000
/ / 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:________________________________________
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:
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PART 1-REGISTRANT INFORMATION
LINC Capital, Inc.
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Full Name of Registrant:
LINC Group Inc.
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Former Name if Applicable
303 E. Wacker Drive
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Address of Principal Executive Office (Street and Number)
Chicago, IL 60601
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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, 11-K, 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; 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 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.
As previously announced, the Company is in default of various debt
agreements, has ceased all leasing activities and is in the process of selling
assets to repay debt. In addition, the Company has dramatically reduced its
workforce. Consequently, the Company requires additional time to properly assess
the value of its assets and the adequacy of its reserves and to prepare
financial statements that accurately and informatively present its financial
condition and results of operations.
PART IV-OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Allen P. Palles (312) 946-1000
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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 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 statement 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.
As a result of impairment losses on asset valuations, additional reserves
for credit losses, costs associated with the discontinuance of certain
businesses and severance of employees, and other factors relating to cessation
of many aspects of the Company's operations, the Company anticipates that it
will report losses for the three month and nine month periods ended September
30, 2000 substantially greater than those reported for the same periods of the
prior year.
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LINC Capital, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date November 14, 2000
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By /s/ Allen P. Palles
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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.
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ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
