U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One)
( ) Form 10-K and 10-KSB ( ) Form 20-F ( ) Form 11-K
(X) Form 10-Q and Form 10-QSB ( ) Form N-SAR
For the period ended March 31, 2002
[ ] 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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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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART I - Registrant Information
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IMPERIAL CREDIT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
California 95-4054791
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number)
23550 Hawthorne Boulevard, Building 1, Suite 210 92505
Torrance, California 90505 (Zip Code)
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PART II- Rules 12b-25 (b) and (c)
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If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b) [Paragraph
23,047], the following should be completed:
[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 [Amended in Release No. 34-26589
(Paragraph 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.
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PART III - Narrative
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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 (Paragraph 72,435), effective April 12, 1989, 54 F.R. 10306; and
Release No. 34-30968 (Paragraph 72,439), effective August 13, 1992, 57 F.R.
36442.]
Due to clerical, staffing, and other related time constraints, the
registrant is unable to obtain and consolidate the detailed financial results of
each of operating divisions or subsidiaries in a timely manner. The Company
intends to file the prescribed report within the allowed extension period.
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PART IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
Paul B. Lasiter (310) 791-8028
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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.
IMPERIAL CREDIT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
thereto duly authorized.
Date: May 15, 2002 By: Paul B. Lasiter
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Paul B. Lasiter
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001)
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