Encore Capital Group Inc – ‘NT 10-K’ for 12/31/99

On:  Thursday, 3/30/00   ·   As of:  3/31/00   ·   For:  12/31/99   ·   Accession #:  950153-0-453   ·   File #:  0-26489

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Notice of a Late Filing of a Form 10-K   —   Form 12b-25
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NT 10-K     Notice of a Late Filing of a Form 10-K                 3     13K 

NT 10-K
1st Page of 3
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
UNITED STATES   
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  

FORM 12b-25   

Commission File Number 000-26489

NOTIFICATION OF LATE FILING 

(Check One)  [X] Form 10-K  [ ] Form 20-F  [ ] Form 11-K  [ ] Form 10-Q         
[ ] Form N-SAR                                        

For Period Ended: December 31, 1999           
[  ]     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:____________________________

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                                                 

MCM Capital Group, Inc.                                                         
--------------------------------------------------------------------------------
Full Name of Registrant                                                         

--------------------------------------------------------------------------------
Former Name if Applicable                                                       

4302 E. Broadway Road                                                           
--------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)                       

Phoenix, Arizona 85404                                                          
--------------------------------------------------------------------------------
City, State and Zip Code                                                        

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.)                               

        (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 15th 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 Form 10-K, 20-F, 11-K, 10-Q,   
N-SAR, or the transition report or portion thereof, could not be filed within   
the prescribed period.  (Attach Extra Sheets if Needed)                         

MCM Capital Group, Inc. (the "Company") could not complete the electronic filing
of its Annual Report on Form 10-K for the year ended December 31, 1999 (the     
"Form 10-K") by the prescribed filing date of 5:30 p.m. EST on March 30, 2000   
without unreasonable effort or expense as a result of the following:            

The Company's $15 million working capital facility is currently scheduled to    
mature on April 15, 2000. The Company is presently in negotiations with its     
lender to extend this maturity to April 15, 2001 and believes the extension will
be completed in less than one week. The availability of this working capital    
facility is integral to discussions and disclosures within the Liquidity and    
Capital Resources section and other sections of the Form 10-K in order that     
those discussions and disclosures not be misleading.                            

NT 10-K
2nd Page of 3
TOC
1st
Previous
Next
↓Bottom
Just 2nd
PART IV - OTHER INFORMATION                                                     

(1)      Name and telephone number of person to contact in regard to this       
notification:                                                 

     R. Brooks Sherman              602                 707-0211
      --------------------------     -----------        ------------------
               (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.      

See Annex A attached hereto.                                  

MCM CAPITAL GROUP, INC. 
------------------------------------------------------
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned      
hereunto duly authorized.                                                       

Date: March 30, 2000                 By: /s/ R. Brooks Sherman                  
                                       ---------------------------------------
                 R. Brooks Sherman
                                  Executive Vice President and Chief
                     Financial Officer

NT 10-K
Last Page of 3
TOC
1st
Previous
Next
↓Bottom
Just 3rd
ANNEX A 

For the reasons stated in Part III to this Form 12b-25, the Company's Form 10-K 
for the year ended December 31, 1999 cannot be filed by the prescribed date of  
5:30 p.m. EST on March 30, 2000. The Company expects to report in its Form 10-K 
(i) revenues of $28.2 million in 1999 compared with $26.9 million in 1998, (ii) 
operating expenses of $26.3 million in 1999 compared with $11.4 million in 1998 
and (iii) net loss of $0.1 million in 1999 compared with net income of $7.4     
million in 1998.                                                                

The revenues are higher in 1999 compared with 1998 principally due to an        
increase in income from retained interest and servicing fees and related income 
offset by a decrease in income from receivable portfolios and a decrease in gain
on sales of receivable portfolios. The increase in operating expenses in 1999   
compared with 1998 is due primarily to an increase in salaries, employee        
benefits and occupancy costs as a result of the Company's continued growth of   
its Phoenix facility which opened in February 1998. The decrease in net income  
in 1999 compared to 1998 is due to (i) the decrease in gain on sale of          
receivable portfolios as result of the Company's 1998 securitization and (ii)   
the increased costs associated with the Company's growth in Phoenix.            

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘NT 10-K’ Filing		Date		First		Last			Other Filings
		4/15/01		1
		4/15/00		1
Filed as of:		3/31/00							10-Q,  NT 10-Q
Filed on:		3/30/00		1		3
For Period End:		12/31/99		1		3			10-K/A,  10-K405
									List all Filings