U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-29042
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(CHECK ONE):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[ x ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: MARCH 31, 2001
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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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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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Full Name of Registrant
Symons International Group, Inc.
Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
4720 Kingsway Drive
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City, State and Zip Code
Indianapolis, Indiana 46205
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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) [P. 23,047], 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 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 (P. 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 (P. 72,439), effective August 13, 1992, 57 F.R. 36442.]
(Attach Extra Sheets if Needed)
As previously reported, the Registrant is pursuing a disposition of its
discontinued crop insurance operations and until definitive agreements for the
disposition have been entered
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into, it is not feasible to complete the financial statements, the notes to the
financial statements and Management's Discussion and Analysis of Financial
Condition and Results of Operations for the quarter. For these reasons, the
Registrant does not believe that it is possible or appropriate to file any
portion of the Quarterly Report on Form 10-Q at this time. The Registrant
intends to file the Form 10-Q within five calendar days.
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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
Douglas H. Symons 317 259-6413
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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?
[ 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 expects to report a net loss of approximately $9.4 million
for the first quarter of 2001 as compared to the net loss of $5.4 million
reported for the comparable period in 2000. Net loss from the continuing
nonstandard automobile operations before taxes and minority interest was $5.8
million for the first quarter of 2001 as compared to a net loss of $5.6 million
for the same period in 2000. This loss is attributed to the loss ratio on the
auto book being higher than expected for the 1st quarter of 2001 and reductions
in premium volume from the 1st quarter of 2000 being greater than the
corresponding reduction in operating expenses. The Registrant also incurred
additional capital losses over amounts recorded in the 1st quarter of 2000 as a
result of continued liquidation of investments in unfavorable market conditions.
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SYMONS INTERNATIONAL GROUP, 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 thereunto duly authorized.
Date May 16, 2001 By:/s/Douglas H. Symons
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Douglas H. Symons,
Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
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