UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 001-08568
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(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q
[ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: December 31, 2004
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[ ] 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
IGI, Inc.
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Full name of registrant
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Former name if applicable
105 Lincoln Avenue
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Address of principal executive office (Street and number)
Buena, New Jersey 08310
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City, state and zip code
PART II
RULE 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 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, 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
[X] (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-SAR, N-CSR, or the transition report or portion thereof, could not
be filed within the prescribed time period.
KPMG LLP, the registrant's former independent registered public
accountants, was not able to complete its review of the Registrant's Annual
Report on Form 10-K in sufficient time to permit the timely filing of the
Form 10-K. Management anticipates that the Annual Report on Form 10-K for
the fiscal year ended December 31, 2004 will be filed on or before the
fifteenth calendar day following its prescribed due date.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Frank Gerardi,
Chairman and Chief Executive Officer (856) 697-1441
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or
15(d) or 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 [ ]
(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 [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.
IGI, 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: April 1, 2005 By: /s/ Frank Gerardi
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Frank Gerardi
Chairman and Chief Executive
Officer
Exhibit A
April 1, 2005
IGI, Inc.
105 Lincoln Avenue
Buena, New Jersey 08310
Ladies and Gentlemen:
Pursuant to Rule 12b-25 of the General Rules and Regulations under the
Securities and Exchange Act of 1934, we inform you that we have been
furnished a copy of Form 12b-25, to be filed by IGI, Inc. on or about
April 1, 2005, which contains notification of the registrant's inability
to file its Form 10-K by March 31, 2005. We have read the Company's
statement contained in Part III therein and we agree with the stated reason
as to why we were unable to re-issue our report on the Company's
consolidated financial statements for the year ended December 31, 2003, to
be included in its Form 10-K for the year ended December 31, 2004.
Very truly yours,
/s/ KPMG LLP