penntreaty12b25.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
SEC File
Number: 001-14681
CUSIP
Number: 707 874 400
(Check
one:)
[ ] Form
10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form 10-D [ ] Form N-SAR
[ ] Form
N-CSR
For
Period Ended: March
31, 2009
[ ]
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: Not
applicable
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: Not
applicable
PART
I - REGISTRANT INFORMATION
Penn
Treaty American Corporation
Full Name
of Registrant
Not
applicable
Former
Name if Applicable
2500 Legacy Drive,
Suite130
Address
of Principal Executive Office (Street and Number)
Frisco, TX
75034
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) [ ]
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(a) The
reasons described in reasonable detail in Part III of this form could not
be eliminated without unreasonable effort or
expense;
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(b) The
subject annual report, semi-annual report, transition report on Form 10-K,
Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, 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 subject distribution report on Form 10-D, or portion thereof, will
be filed on or before the fifth calendar day following the prescribed due
date; and
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(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
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D,
N-SAR, N-CSR, or the transition report, or portion thereof, could not be filed
within the prescribed time period.
Effective
January 6, 2009, two of the Registrant’s insurance subsidiaries, Penn Treaty
Network America and American Network Insurance Company (collectively, the
“Insurance Subsidiaries”), by consent and by order of the Commonwealth Court of
Pennsylvania, entered rehabilitation and have been placed under the statutory
control of the Pennsylvania Insurance Department. Effective March 27,
2009, at the direction of the Pennsylvania Insurance Department, the
Registrant’s principal executive officer and principal financial officer, among
other executives, resigned from their positions with the Registrant but retained
their positions with the Insurance Subsidiaries. The transition to a
new management team, combined with the entry into rehabilitation of the
Insurance Subsidiaries, has caused a diversion of the new management team’s time
and attention, which has caused the delay in completing on a timely basis the
Quarterly Report on Form 10-Q for the period ended March 31, 2009.
PART
IV - OTHER INFORMATION
(l) Name
and telephone number of person to contact in regard to this
notification
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Justin P. Klein
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215-864-8606
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(Name)
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(Area
code) (Telephone Number)
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(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).
The
Registrant has not filed Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2006, June 30, 2006, September 30, 2006, March 31, 2007, June 30,
2007, September 30, 2007, March 31, 2008, June 30, 2008, September 30, 2008 or
Annual Reports on Form 10-K for the years ended December 31, 2007 and December
31, 2008.
(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?
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.
For the
reasons stated above, the Registrant has not yet determined its results for the
quarter ended March 31, 2009.
Penn
Treaty American Corporation
(Name of
Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.
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Date: June 2,
2009
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By:
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/s/ Eugene Woznicki
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Eugene
Woznicki
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Chief
Executive Officer
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ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations (See
18 U.S.C. 1001).