# EDGAR Filing Document

**Accession Number:** 0001136174
**File Stem:** 0001628280-23-010146
**Filing Date:** 2023-3
**Character Count:** 8025
**Document Hash:** be8ec6c063214f99376e41446d5fb3f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-010146.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001628280-23-010146

**CONFORMED SUBMISSION TYPE**: NT 10-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ontrak, Inc.
- **CENTRAL INDEX KEY:** 0001136174
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090]
- **IRS NUMBER:** 880464853
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NT 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31932
- **FILM NUMBER:** 23787474

**BUSINESS ADDRESS:**
- **STREET 1:** 2200 PASEO VERDE PARKWAY
- **STREET 2:** SUITE 280
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89052
- **BUSINESS PHONE:** 310 444 4300

**MAIL ADDRESS:**
- **STREET 1:** 2200 PASEO VERDE PARKWAY
- **STREET 2:** SUITE 280
- **CITY:** HENDERSON
- **STATE:** NV
- **ZIP:** 89052

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CATASYS, INC.
- **DATE OF NAME CHANGE:** 20110316

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYTHIAM, INC.
- **DATE OF NAME CHANGE:** 20101029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYTHIAM INC
- **DATE OF NAME CHANGE:** 20031003

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| |
|:---|
| SEC FILE NUMBER |
| 001-31932 |
| CUSIP NUMBER<br>683373104 |

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**UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549**

**FORM 12b-25**

**NOTIFICATION OF LATE FILING** 

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| | | |
|:---|:---|:---|
| *(Check one):* | Form 10-K Form 20-F Form 11-K Form 10-Q Form 10-D Form N-CEN <br>Form N-CSR  | Form 10-K Form 20-F Form 11-K Form 10-Q Form 10-D Form N-CEN <br>Form N-CSR  |
|  | For Period Ended: | <u>December 31, 2022</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 10-K | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 10-K |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 20-F | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 20-F |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 11-K | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 11-K |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 10-Q | &nbsp;&nbsp;&nbsp;&nbsp;Transition Report on Form 10-Q |
|  | For the Transition Period Ended: | __________________________ |

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<br>*Read Instruction (on back page) Before Preparing Form. Please Print or Type.* <br>**Nothing in this form shall be construed to imply that the Commission has verified any information contained <br>herein.**<br>

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** 

<u>Ontrak, Inc.</u>

Full Name of Registrant

<u>2200 Paseo Verde Parkway, Suite 280</u> <br> Address of Principal Executive Office *(Street and Number)*

<u>Henderson, Nevada 89052</u>

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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&nbsp;&nbsp;&nbsp;&nbsp;

(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.

Ontrak, Inc. (the "Company") has been delayed in completing the preparation of its Annual Report on Form 10-K for the year ended December 31, 2022 (the "Form 10-K"). The Company needs additional time to complete the Form 10-K, including the financial statements to be included therein, and to complete the Company's assessment of its ability to continue as a going concern. The Company is actively working on these endeavors and plans to file the Form 10-K within the 15-day extension period (the "Extension Period") afforded by Rule 12b-25 under the Securities Exchange Act of 1934.

***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 statements regarding the Company's expectation to file the Form 10-K within the Extension Period and the completion of activities necessary to permit such filing within the Extension Period. 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, the risk that the Company is not able to complete its Form 10-K in the time period that it currently expects. 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.

![image_0.jpg](image_0.jpg)

**PART IV — OTHER INFORMATION** 

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| | | | |
|:---|:---|:---|:---|
| (1) | Name and telephone number of person to contact in regard to this notification | Name and telephone number of person to contact in regard to this notification | Name and telephone number of person to contact in regard to this notification |
| James J. Park | James J. Park | 310 | 444-4300 |
| (Name) | (Name) | (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 answer is no, identify report(s). |
|  | Yes &nbsp;&nbsp;&nbsp;&nbsp; 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  |

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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. <br>The Company expects to report revenue for 2022 of $14.5 million, representing an 83% decrease from prior year, and net loss of $(51.6) million, or a $(2.60) diluted net loss per common share (after deduction for declared and undeclared dividends on the Company's preferred stock), compared to net loss of $(37.1) million, or a $(2.47) diluted net loss per common share (after deduction for declared and undeclared dividends on the Company's preferred stock) for the prior year.<br>

<u>Ontrak, Inc.</u>

(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: | March 31, 2023 | By: | /s/ James J. Park |
|  |  |  | James J. Park |
|  |  |  | Chief Financial Officer |

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