As filed with the Securities and Exchange Commission on April 1, 2002 Registration No. 333-55722 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST EFFECTIVE AMENDMENT NO. 1 TO FORM SB-2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SUMMIT LIFE CORPORATION (Exact name of Registrant as specified in its charter) OKLAHOMA (State or other jurisdiction of incorporation or organization) 6311 73-1448244 (Primary Standard Industrial (I.R.S. Employer Identification No.) Classification Code Number) 3021 Epperly Dr. P.O. Box 15808 Oklahoma City, Oklahoma 73155 (405) 677-0781 (Address, including zip code, and telephone number, including area code, of Registrants' principal executive offices) CHARLES L. SMITH President and Chief Operating Officer Summit Life Corporation 3021 Epperly Dr. P.O. Box 15808 Oklahoma City, Oklahoma 73155 (405) 677-0781 (Name, address, including zip code, and telephone number, including area code, of agents for service) COPIES TO: JEANETTE C. TIMMONS, ESQ. Day Edwards Propester & Christensen, P.C. 210 Park Avenue, Suite 2900 Oklahoma City, Oklahoma 73102 (405) 239-2121 Approximate date of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. [ ] DEREGISTRATION OF SECURITIES This Post-Effective Amendment No. 1 is being filed to deregister the remaining unsold shares of common stock, par value $.01 per share ("Common Stock"), of the total 1,000,000 shares (the "Shares") of Common Stock of Summit Life Corporation (the "Registrant") covered by the Registration Statement on Form SB-2, No. 333-55722 (the "Registration Statement"), declared effective by the Securities Exchange Commission on May 14, 2001. The offering contemplated by the Registration Statement was terminated by the Registrant on March 31, 2002. Accordingly, the Registrant hereby files this Post-Effective Amendment No. 1 to the Registration Statement to deregister a total of 554,800 Shares, originally registered by the Registration Statement, which remained unsold as of the termination of the offering. SIGNATURES In accordance with the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form SB-2 and has duly caused this Post-Effective Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereon duly authorized in the City of Oklahoma City, State of Oklahoma, on March 31, 2002. SUMMIT LIFE CORPORATION an Oklahoma corporation By: /s/ Charles L. Smith ------------------------------------ Charles L. Smith President, Chief Operating Officer and Chief Financial Officer Pursuant to the requirement of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 1 to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated: NAME AND TITLE DATE /s/ James L. Smith March 31, 2002 -------------------------------------------------- James L. Smith, Chairman of the Board of Directors Chief Executive Officer and Secretary /s/ Charles L. Smith March 31, 2002 ----------------------------------------------------- Charles L. Smith, President, Chief Operating Officer Chief Financial Officer and Director /s/ M. Dean Brown March 31, 2002 ----------------------------------------------------- M. Dean Brown, Director /s/ Thomas D Sanders March 31, 2002 ----------------------------------------------------- Thomas D. Sanders, Director /s/ Gary L. Ellis ----------------------------------------------------- Gary L. Ellis, Director March 31, 2002