UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20548
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File Number 0-13984
CUSIP NUMBER: 255153108
(Check One): [X] Form 10-K [_] Form 20-F [_] Form 11-K
[_] Form 10-Q [_] Form N-SAR {_} Form N-CSR
For Period Ended: December 31, 2003
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on From 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:
DIVERSIFIED CORPORATE RESOURCES, INC.
Former name if applicable:
N/A
Address of principal executive office (Street and number):
10670 NORTH CENTRAL EXPRESSWAY, SUITE 600
DALLAS, TEXAS 75231
PART II - RULE 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]
- The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
- The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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
- 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 why Forms 10-K, 20-F, 10-Q, N-SAR or N-CSR or the transition report portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed.)
The Registrant has experienced delays in the preparation of its financial statements and related disclosure, and, therefore, the registrant's auditors have experienced delays in the conduct of their audit of the registrant's financial statements. As a result, the Registrant is unable, without unreasonable effort or expense, to complete and file its Annual Report on Form 10-K for the year ended December 31, 2003 (the "Annual Report") by March 30, 2004, the prescribed deadline for filing.
Part iv - Other information
(1) Name and telephone number of person to contact in regard to this notification:
J. Michael Moore
(Name)
(972) 458-8500
(Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 of 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 anticipates that it will report a significant change in its results of operations for the fiscal year ended December 31, 2003 compared to the prior fiscal year. The Registrant is currently reviewing the accounting treatment of its issuance of options and warrants in 2003. This review may result in a non-cash, pre-tax charge, the magnitude of which cannot be adequately estimated at this time. The charge is not expected to have a net effect on stockholders' equity.
DIVERSIFIED CORPORATE RESOURCES, 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: March 31, 2004
By: /S/ J. Michael Moore
J. Michael Moore,
Chairman of the Board and
Chief Executive Officer