SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (date of earliest event reported): March 16, 2004
FINANCIAL INDUSTRIES CORPORATION
(Exact name of Registrant as specified in charter)
Texas 0-4690 74-2126975
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification no.)
6500 River Place Blvd., Building One
Austin, Texas 78730
(Address of principal executive offices)
___________________________________
Registrant's telephone number, including area code: (512) 404-5000
- 1 -
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99.1 Form 12b-25, Notification of Late Filing, dated March
16, 2004.
Item 12. Results of Operations and Financial Condition.
On March 16, 2004, the Company filed a Form 12b-25, Notification of Late Filing,
with respect to the filing of its report on Form 10-K for the fiscal year ending
December 31, 2003. A copy of the Form 12b-25 filing is attached hereto as
Exhibit 99.1
As provided by the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, Financial Industries Corporation cautions that the
statements in this Form 8-K, including but not limited to, statements found in
Item 7 - "Financial Statements and Exhibits" and this Item 12 - "Results of
Operations and Financial Condition" relating to matters that are not historical
factual information are forward-looking statements that represent management's
belief and assumptions based on currently available information. The information
contained in this report relating to trends in the Company's operations and
financial results and the contingencies and uncertainties to which the Company
may be subject, as well as other statements including words such as
anticipate," "believe," "plan," "estimate," "expect," "intend," and other
similar expressions constitute forward-looking statements under the Private
Securities Litigation Reform Act of 1995. Such statements are made based upon
management's current expectations and beliefs concerning the financial results,
economic conditions and are subject to known and unknown risks, uncertainties
and other factors contemplated by the forward-looking statements. Such factors
include, among other things: (1) general economic conditions and other factors,
including prevailing interest rate levels and stock market performance, which
may affect the ability of the Company to sell its products, the market value of
the Company's investments and the lapse rate and profitability of policies; (2)
the Company's ability to achieve anticipated levels of operational efficiencies
and cost-saving initiatives; (3) customer response to new products, distribution
channels and marketing initiatives; (4) mortality, morbidity and other factors
which may affect the profitability of the Company's insurance products; (5)our
- 2 -
ability to develop and maintain effective risk management policies and
procedures and to maintain adequate reserves for future policy benefits and
claims; (6) changes in the Federal income tax laws and regulations which may
affect the relative tax advantages of some of the Company's products; (7)
increasing competition in the sale of insurance and annuities; (8) regulatory
changes or actions, including those relating to regulation of insurance products
and insurance companies; (9) ratings assigned to the Company's insurance
subsidiaries by independent rating organizations such as A.M. Best, which the
Company believes are particularly important to the sale of accumulation
products; (10) the performance of our investment portfolios; (11) the effect of
changes in standards of accounting; (12) the effects and results of litigation;
and (13) other factors discussed in the Company's other filings with the SEC,
which are available free of charge on the SEC's website at www.sec.gov. Should
one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
indicated. Investors should not place undue reliance on forward-looking
statements. Each forward-looking statement speaks only as of the date of the
particular statement, and the Company undertakes no obligation to publicly
update or revise any forward-looking statements. There can be no assurance that
other factors not currently anticipated by management will not also materially
and adversely affect the Company.
- 3 -
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FINANCIAL INDUSTRIES CORPORATION
Date: March 22, 2004 By: /s/ J. Bruce Boisture
President and Chief Executive Officer
- 4 -