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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
0-22346
(Check One): [ ] Form 10-K [X] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 2003
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[ ] 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.
If the notification relates to a portion of the filing checked above, identify
that Item(s) to which the notification relates: ________________________________
PART I. REGISTRANT INFORMATION
Hollinger Inc.
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Full Name of Registrant
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Former Name If Applicable
10 Toronto Street
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Address of Principal Executive Office (Street & Number)
Toronto, Ontario, Canada M5C 2B7
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City, State and Zip Code
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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;
[ ] (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
[ ] (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 Forms 10-K, 20-F, 11-K,
10-Q, N-SAR, or the transition report portion thereof could not be filed within
the prescribed period. (Attach Extra Sheets if Needed).
The Annual Report on Form 20-F ("20-F") for the year ended December 31,
2003 for Hollinger Inc. (the "Company") could not be filed within the prescribed
time period because the Company was unable timely to cause to be prepared
audited financial statements for the year ended December 31, 2003.
The Company prepares its financial statements under Canadian generally
accepted accounting principals, pursuant to which the financial statements of
the Company and Hollinger International Inc. ("International") and its
subsidiaries are required to be consolidated. As disclosed in a Form 12b-25
filed by International with the Securities and Exchange Commission (the "SEC")
for the period ended March 31, 2004, International has not finalized its
financial statements for its fiscal year ended December 31, 2003. The most
recently filed financial statements for International are its unaudited interim
statements for the quarterly period ended September 30, 2003. The Company's
current auditor, Zeifman & Company, LLP ("Zeifman"), has sought to rely on
historical audits of International prepared by KPMG LLP ("KPMG"),
International's auditor, in
order to audit the Company's financial statements for the fiscal year ended
December 31, 2003, but to date KPMG has not granted Zeifman permission to rely
on such historical audits. In addition, International has denied the Company and
Zeifman the access to International's financial records, management personnel
and auditor's work papers that would enable Zeifman to audit International's
financial statements. International's counsel has advised the Company that no
access to International's management will be provided for audit purposes, at
least until International files its own audited financial statements with the
SEC.
The Company does not yet know when it will be in a position to file its
20-F, but it is actively exploring various options that may be available to it,
including taking steps to compel access to International's financial records,
management personnel and auditor's work papers.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Peter G. White 416-216-0422
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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 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?
[ ] Yes [X] 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.
Hollinger 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: June 30, 2004 By: /s/ Peter G. White
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Name: Peter G. White
Title: Co-Chief Operating
Officer and Secretary