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):
/X/ Form 10-K / / Form 20-F / / Form 11-K / / Form 10-Q / / Form N-SAR
For period ended: December 31, 1999
/ / 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:________________________________________
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Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
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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
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Former Name if Applicable
303 E. Wacker Drive Suite 1000
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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 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 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.
For the reasons setforth in Part IV management was not able to fully
reflect the effect of recent developments on its financial statements and
financial disclosures with sufficient precision and detail to file its Form 10-K
within the deadline. Therefore, the Company has elected to defer the filing so
as to provide more complete, current and accurate information.
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.
The Company anticipates establishing additional reserves for credit losses
that will have a material effect on the results of operations for the quarterly
period and year ended December 31, 1999. In addition, the Company is evaluating
certain of its assets, principally goodwill, for impairment. It is probable that
adjustments to the carrying amounts of these assets will have a material effect
on financial condition and results of operations. However, the Company is not
yet able to accurately quantify the full impact of adjustments to reserves or
asset values.
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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 March 31, 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.
ATTENTION
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
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