SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-17430
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NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form N-SAR
For Period ended: January 31, 2003
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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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:
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PART I
REGISTRANT INFORMATION
Full Name of Registrant: Obsidian Enterprises, Inc.
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Former Name if Applicable: Not Applicable
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Address of Principal Executive Office (Street and Number):
111 Monument Circle, Suite 4800
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City, State and Zip Code: Indianapolis, Indiana 46204
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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-K, 20-F, 11-K or form N-SAR, or portion
thereof will be filed on or before the 15th calendar day
following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q, 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 the reasons why Forms 10-K, 11-K, 20-F, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
The Registrant is unable to file the Quarterly Report on Form 10-Q for the
fiscal quarter ended January 31, 2003, within the prescribed period without
unreasonable effort or expense because of the additional time needed to ensure
the proper accounting treatment for the divesture of a discontinued operation
and the consolidation of a new entity into the Registrant's accounting and
financial reporting system. The Registrant believes that it will be able to file
the Quarterly Report on Form 10-Q within the extended time period.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Timothy S. Durham (317) 237-4055
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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 answer is no,
identify report(s).
[X] Yes [ ] 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 [ 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.
Obsidian Enterprises, 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
hereunto duly authorized.
Date: March 13, 2003 By: /s/ Timothy S. Durham
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Name: Timothy S. Durham
Title: Chief Executive Officer and
Chairman of the Board