-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BpiTOJV5cZicUK2cnfsQpK8R5XzU5wflNql7NmgcVnGImDSrRfvxyy/DiTq0Ni4V i8S+mcx7W8F/uHDWgWJoqw== 0001133884-01-500338.txt : 20010517 0001133884-01-500338.hdr.sgml : 20010517 ACCESSION NUMBER: 0001133884-01-500338 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010331 FILED AS OF DATE: 20010516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYMONS INTERNATIONAL GROUP INC CENTRAL INDEX KEY: 0001013698 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 351707115 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 000-29042 FILM NUMBER: 1641707 BUSINESS ADDRESS: STREET 1: 4720 KINGSWAY DRIVE CITY: INDIANAPOLIS STATE: IN ZIP: 46205 BUSINESS PHONE: 3172596400 MAIL ADDRESS: STREET 1: 4720 KINGSWAY DRIVE CITY: INDIANAPOLIS STATE: IN ZIP: 46205 NT 10-Q 1 gnt10q-24645.txt NT 10-Q U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12B-25 NOTIFICATION OF LATE FILING SEC FILE NUMBER 0-29042 ---------------- (CHECK ONE): [ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ x ] Form 10-Q and Form 10-QSB [ ] Form N-SAR For Period Ended: MARCH 31, 2001 ---------------------------------------------------- [ ] 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 ATTACHED INSTRUCTION SHEET 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 - -------------------------------------------------------------------------------- Full Name of Registrant Symons International Group, Inc. Former Name if Applicable --------------------------------------------------------------------- Address of Principal Executive Office (Street and Number) 4720 Kingsway Drive ------------------------------------------------------------------ City, State and Zip Code Indianapolis, Indiana 46205 ------------------------------------------------------------------ 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) [P. 23,047], 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 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; and [Amended in Release No. 34-26589 (P. 72,435), effective April 12, 1989, 54 F.R. 10306.] [ ] (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 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. [Amended in Release No. 34-26589 (P. 72,439), effective August 13, 1992, 57 F.R. 36442.] (Attach Extra Sheets if Needed) As previously reported, the Registrant is pursuing a disposition of its discontinued crop insurance operations and until definitive agreements for the disposition have been entered -2- into, it is not feasible to complete the financial statements, the notes to the financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations for the quarter. For these reasons, the Registrant does not believe that it is possible or appropriate to file any portion of the Quarterly Report on Form 10-Q at this time. The Registrant intends to file the Form 10-Q within five calendar days. - -------------------------------------------------------------------------------- PART IV--OTHER INFORMATION - -------------------------------------------------------------------------------- (1) Name and telephone number of person to contact in regard to this notification Douglas H. Symons 317 259-6413 --------------------------------------------------------------------------- (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 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 Registrant expects to report a net loss of approximately $9.4 million for the first quarter of 2001 as compared to the net loss of $5.4 million reported for the comparable period in 2000. Net loss from the continuing nonstandard automobile operations before taxes and minority interest was $5.8 million for the first quarter of 2001 as compared to a net loss of $5.6 million for the same period in 2000. This loss is attributed to the loss ratio on the auto book being higher than expected for the 1st quarter of 2001 and reductions in premium volume from the 1st quarter of 2000 being greater than the corresponding reduction in operating expenses. The Registrant also incurred additional capital losses over amounts recorded in the 1st quarter of 2000 as a result of continued liquidation of investments in unfavorable market conditions. -3- SYMONS INTERNATIONAL GROUP, INC. - -------------------------------------------------------------------------------- (Name of Registrant as specified in charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date May 16, 2001 By:/s/Douglas H. Symons --------------------- ---------------------------- Douglas H. Symons, Chief Executive Officer 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. -4- -----END PRIVACY-ENHANCED MESSAGE-----