-----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, TMB/OGEuhHifj0gdXX/6dBVPGN0M37hbaXHmsrJxsojYS8Xbo3cwL5FMDIxhZJ8m UL2AiZhEu0ZUpCf0FUbb4g== 0000853532-00-000006.txt : 20000517 0000853532-00-000006.hdr.sgml : 20000517 ACCESSION NUMBER: 0000853532-00-000006 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000331 FILED AS OF DATE: 20000516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSIT GROUP INC CENTRAL INDEX KEY: 0000853532 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 592576629 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 000-18601 FILM NUMBER: 637535 BUSINESS ADDRESS: STREET 1: 2859 PACES FERRY ROAD STREET 2: SUITE 1740 CITY: ATLANTA STATE: GA ZIP: 30339 BUSINESS PHONE: 7704440240 MAIL ADDRESS: STREET 1: 2859 PACES FERRY ROAD, SUITE 1740 STREET 2: SUITE 1740 CITY: ATLANTA STATE: GA ZIP: 30339 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL PARCEL SERVICE INC DATE OF NAME CHANGE: 19920703 NT 10-Q 1 FORM 12B-25 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12B-25 NOTIFICATION OF LATE FILING SEC FILE NUMBER: 000-18601 CUSPID NUMBER: 893691105 [x] Form 10-Q For the Three Months Ended: March 31, 2000 Nothing in this form shall be construed to imply that the Commission has verified any information 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 Transit Group, Inc. 2859 Paces Ferry Road, Suite 1740 Atlanta, GA 30339 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 quarterly report on Form 10-Q or portion thereof will be filed on or before the fifth calendar day following the prescribed due date. [ ] (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached, if applicable. See Exhibit A Part III--Narrative State below in reasonable detail the reasons why Form 10-Q could not be filed within the prescribed period. For the three months ended March 31, 2000 Form 10-Q could not be filed within the prescribed time limit because of the additional time required to collect data requested by our bank group in order to obtain a waiver for our debt covenants.. Part IV--Other Information (1)Name and telephone number of person to contact in regard to this notification. N. Mark DiLuzio (770) 444-0240 --------------- ----- -------- (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. See Exhibit A Transit 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, 2000 By: /s/ Philip A. Belyew ------------ --------------------- Philip A. Belyew President and Chief Executive Officer Exhibit A Results of operations for the three months ended March 31, 2000 differed significantly from the same period in the prior year. In the current period, revenues increased from $64.8 million to $133.2 million primarily as a result of eight companies acquired in 1999. In May 1999 the Company issued $25 million of 9% Redeemable Preferred Stock. As a result the Company incurred dividends of $.6 million in the quarter ended March 31, 2000 Despite higher revenues in 2000 compared to 1999, the Company had a loss. A major component of the Company's cost structure is diesel fuel which has increased significantly compared to the same period a year ago. Additionally the Company continues to incur higher than expected costs associated with consolidating its three Louisville, Kentucky divisions. All of these factors resulted in a net loss for the three month period ended March 31, 2000 compared to net income of $.9 million for the same period in the prior year. -----END PRIVACY-ENHANCED MESSAGE-----