SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) January 31, 2003
OBSIDIAN ENTERPRISES, INC.
(Exact name of registrant as specified in its chapter)
Delaware 0-17430 35-2154335
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(State or other jurisdiction (Commission (IRS Employer
incorporation) File Number) Identification No.)
111 Monument Circle
Suite 4800
Indianapolis, Indiana 46204
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code (317) 237-4122
N/A
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(Former name or former address, if changed since last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
As reported in a Current Report on Form 8-K filed on November 6, 2002,
Champion Trailer, Inc. ("Champion"), a wholly-owned subsidiary of the
Registrant, Obsidian Enterprises, Inc. ("Obsidian"), entered into a Memorandum
of Agreement on October 30, 2002, with Timothy S. Durham and Terry G. Whitesell
pursuant to which Champion agreed to sell all of its assets to an entity to be
designated by Messrs. Durham and Whitesell subject to the payment by Messrs.
Durham and Whitesell of $1.00 and the assumption by the entity acquiring the
assets of all of the liabilities of Champion except for the liability of
Champion to Markpoint Equity Growth Fund IV. Champion is a manufacturer of
custom racecar transports, specialty exhibit trailers and mobile hospitality
units. Mr. Durham is the Chief Executive Officer and Chairman of the Board of
Obsidian. Mr. Whitesell is the President and Chief Operating Officer and a
director of Obsidian. On January 31, 2003, Obsidian sold the Champion assets to
Champion Trailer Acquisition Company, LLC, pursuant to an Agreement for the
Purchase and Sale of Business Assets of Champion Trailer, Inc., a copy of which
is attached to this Report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired
Not applicable
(b) Pro forma financial information
Not applicable
(c) Exhibits
Exhibit No. Description
2.1 Memorandum of Agreement, dated October 30, 2002,
between Champion Trailer, Inc., on the one hand, and
Timothy S. Durham and Terry G. Whitesell, on the other hand.
2.2 Agreement for the Purchase and Sale of Business Assets of
Champion Trailer, Inc., dated January 31, 2003, among
Obsidian Enterprises, Inc., Champion Trailer, Inc. and
Champion Trailer Acquisition Company, LLC, and related
Assumption Agreement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
OBSIDIAN ENTERPRISES, INC.
Date: February 10, 2003 By:/s/ Timothy S. Durham
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EXHIBIT INDEX
Exhibit No. Description Incorporated by
Reference/Attached
2.1 Memorandum of Agreement, dated October 30, 2002, between Champion Incorporated by
Trailer, Inc., on the one hand, and Timothy S. Durham and Terry G. reference to Exhibit 2.1
Whitesell, on the other hand. to the Current Report on
Form 8-K filed by the
Registrant on November
6, 2002.
2.2 Agreement for the Purchase and Sale of Business Assets of Champion Attached
Trailer, Inc., dated January 31, 2003, among Obsidian Enterprises,
Inc., Champion Trailer, Inc. and Champion Trailer Acquisition
Company, LLC, and related Assumption Agreement.