SEC FILE NUMBER 0-22842
CUSIP NUMBER 318687 10 0
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one):[X] Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-QSB
[ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: June 30, 2006
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[ ] Transition Report on Form 10-KSB
[ ] Transition Report on Form 20-K
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-QSB
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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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.
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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
First Bancshares, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
142 E. First Street
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Address of Principal Executive Office (Street and Number)
Mountain Grove, Missouri 65711
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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-KSB, 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-QSB, 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
(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 the Forms 10-KSB, 20-F, 11-K, 10-QSB,
10-D, N-SAR, N-CSR, or the transition report portion thereof, could not be
filed within the prescribed time period.
The Company has been unable to complete the preparation of its
consolidated financial statements and Annual Report on Form 10-KSB and
requires additional time to ensure the accurate presentation thereof. As
a result of the recent departure of the Chief Financial Officer of the
Company, the Company had to outsource most of its accounting work
related to the preparation of its consolidated financial statements and
Annual Report on Form 10-KSB. Because of the foregoing, the Company
will not be able to complete the Form 10-KSB by the filing deadline.
The Company is working diligently to complete the Form 10-KSB and plans
to file the Annual Report on Form 10-KSB no later than 15 days after the
required filing date of September 28, 2006.
(Attach extra Sheets if Needed)
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
James W. Duncan (417) 926-5151
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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).
Yes [X] 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 [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.
During the year ended June 30, 2006, the Company incurred a net
loss of $173,000, or $.11 per share - diluted compared to net income of
$1.3 million, or $.83 per share -diluted for the year ended June 30,
2005. For the three months ended June 30, 2006, the Company incurred
a net loss of $567,000, or $.36 per share -diluted compared to a net
loss of $652,000, or $.42 per share -diluted for the three months ended
June 30, 2005. These results were disclosed in press releases dated
September 1, 2006 and September 25, 2006 that were filed with the
Commission on Form 8-K on September 5, 2006 and September 25, 2006,
respectively.
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FIRST BANCSHARES, 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: September 28, 2006 By:/s/James W. Duncan
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James W. Duncan
President, Chief Executive Officer
and Interim Chief Financial Officer