UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

___________________

 

Form 12b-25

 

NOTIFICATION OF LATE FILING

 

SEC FILE NUMBER:

000-23357

__________

CUSIP NUMBER:

717131-10-6

 

 

(Check One)     Form 10-K      Form 20-F      Form 11-K      Form 10-Q      Form N-SAR      Form N-CSR

 

For Period Ended: July 31, 2005

 

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

o Transition Report on Form N-SAR

 

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

 

 

Obsidian Enterprises, Inc.

 

Full Name of Registrant

 

 

 

Not Applicable

 

 

Former Name if Applicable

 

 

111 Monument Circle, Suite 4800

 

 

Address of Principal Executive Office (Street and Number)

 

 

Indianapolis, IN 46204

 

 

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 reasons 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-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 portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

 

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(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, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Obsidian Enterprises, Inc. (the "Company") will be unable to file its Form 10-Q for the fiscal quarter ended July 31, 2005, within the prescribed time period without unreasonable effort and expense. Specifically, the Company requires additional time to file its Form 10-Q because its wholly-owned subsidiary, United Expressline, Inc., was in the process of refinancing its line of credit and term loan with a new lender. This refinancing took longer than expected to complete and the Company requires additional time following the completion of the refinancing to calculate covenants and otherwise complete its financial information.

 

 

PART IV - OTHER INFORMATION

 

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

Rick D. Snow

Name

(317)

(Area Code)

237-5137

(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

o 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?

 

o 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.

 

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______________________________________________________________________________

OBSIDIAN ENTERPRISES, INC.

(Name of Registrant as Specified in Charter)

 

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

Date: September 9, 2005

By: /s/ Rick D. Snow

Rick D. Snow

Executive Vice President and Chief Financial Officer


INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

 

 

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