NT 10-Q 1 tm2514976d1_nt10q.htm NT 10-Q

 

 

 

    SEC FILE NUMBER
001-33037
     
    CUSIP NUMBER
74167B109
  UNITED STATES  
  SECURITIES AND EXCHANGE COMMISSION  
  Washington, D.C. 20549  

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

(Check one): o Form 10-K  o Form 20-F  o Form 11-K  x  Form 10-Q  o Form 10-D  o Form N-CEN  o Form N-CSR
   
  For Period Ended:  March 31, 2025
   
  o Transition Report on Form 10-K
  o Transition Report on Form 20-F
  o Transition Report on Form 11-K
  o Transition Report on Form 10-Q
   
  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

 

Primis Financial Corp.

Full Name of Registrant

  

Former Name if Applicable

 

1676 International Drive, Suite 900

Address of Principal Executive Office (Street and Number)

 

McLean, Virginia 22102

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)

 

x (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
  (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
  (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.

 

Primis Financial Corp. (the “Company”) has determined that it is not able to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the “First Quarter Form 10-Q”) within the prescribed time period without unreasonable effort or expense because it requires additional time and effort to complete certain documentation, disclosures and analyses to be included either in, or in support of, the First Quarter Form 10-Q.

 

It is anticipated that the First Quarter Form 10-Q will be filed on or before the 5th calendar day (the “Extension Period”) following the prescribed due date of the Company’s First Quarter Form 10-Q.

 

Forward-Looking Statements

 

This Form 12b-25 contains forward-looking statements within the meaning of applicable United States securities laws. These forward-looking statements include: (i) statements regarding the Company’s expectation to file the First Quarter Form 10-Q within the Extension Period and the completion of matters necessary to permit such filing within the Extension Period, and (ii) statements regarding the Company’s financial results for the quarter ended March 31, 2025. Forward-looking statements are based on management’s current expectations or beliefs about the Company’s future plans, expectations and objectives. These forward-looking statements are not historical facts and are subject to risks and uncertainties that could cause the actual results to differ materially from those projected in these forward-looking statements. These risks include, but are not limited to, adjustments resulting from the completion by the auditor of its review of the First Quarter Form 10-Q and unexpected delays the Company may incur in connection with the preparation of the First Quarter Form 10-Q. Readers of this Form 12b-25 are cautioned not to place undue reliance on forward-looking statements contained herein, which speak only as of the date of this Form 12b-25.

  

PART IV – OTHER INFORMATION

 

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

 

 

Matthew A. Switzer

 

 

703

  893-7400
(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 answer is no, identify report(s).

 

Yes x  No o

 

(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 o  No x

 

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.

 

 

 

 

Primis Financial Corp.

 

(Name of Registrant as Specified in Charter)

  

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

 

 

Date: May 13, 2025 By: /s/ Matthew A. Switzer
  Name:  Matthew A. Switzer
  Title:  Chief Financial Officer