NOTIFICATION
OF LATE FILING
(Check
One) |
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☒ Form
10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q
☐ Form
10-D ☐ Form N-CEN ☐ Form N-CSR |
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For
Period Ended: December 31, 2022 |
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☐ Transition
Report on Form 10-K |
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☐ Transition
Report on Form 20-F |
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☐ Transition
Report on Form 11-K |
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☐ Transition
Report on Form 10-Q |
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For
the Transition Period Ended: |
Read
Instruction (on back page) 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. |
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
Regional
Health Properties, Inc.
(Full
Name of Registrant)
(Former
Name if Applicable)
454
Satellite Boulevard NW, Suite 100
(Address
of Principal Executive Office (Street and Number))
Suwanee,
Georgia 30024
(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
reason 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-CEN 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. |
PART
III – NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not
be filed within the prescribed time period.
Regional
Health Properties, Inc. (the “Company”) has determined that it is unable to file its Annual Report on Form 10-K for the year
ended December 31, 2022 (the “Annual Report”) within the prescribed time period without unreasonable effort or expense because,
for the reasons discussed below, additional time is needed to finalize the Annual Report and furnish the XBRL Interactive Data File exhibits
required by Item 601(b)(101) of Regulation S-K.
The
Company is experiencing employee turnover and does not currently have the resources needed to complete the filing on a timely basis.
PART
IV - OTHER INFORMATION
(1)
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Name
and telephone number of person to contact in regard to this notification |
Brent
Morrison |
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678 |
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869-5116 |
(Name) |
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(Area
Code) |
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(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 answer is no, identify report(s). ☒ Yes ☐ No
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(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 ☒ 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.
Forward
Looking Statements
This
Form 12b-25 contains forward-looking statements within the meaning Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including, without limitation, the Company’s expectations as to the filing
of the Annual Report. These forward-looking statements involve risks and uncertainties, and actual results could vary materially from
these forward-looking statements. Factors that may cause future results to differ materially from management’s current expectations
include the risk that the completion and filing of the Annual Report will take longer than expected, and the risk that the Company will
be unable to file the Annual Report within the extension period of 15 calendar days provided under Rule 12b-25 of the Exchange Act. The
Company disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information,
future events, or otherwise, except as required by law.
Regional
Health Properties, 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 |
April 3, 2023 |
By: |
/s/ Brent Morrison |
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Name: |
Brent Morrison |
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Title: |
Chief Executive Officer and President |
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.
ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). |
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