UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
0-17219
NOTIFICATION OF LATE FILING
CUSIP NUMBER
185060100
(Check one): [ ] Form 10-K [ ] Form 20-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 2002
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-K
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
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.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
N/A
PART I -- REGISTRANT INFORMATION
ClearOne Communications, Inc.
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Full Name of Registrant
N/A
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Former Name if Applicable
1825 Research Way
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Address of Principal Executive Office (Street and Number)
Salt Lake City, Utah 84119
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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 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 or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date date; or the subject quarterly
report of 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 why forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the
transition report or portion thereof could not be filed within the prescribed
time period.
Registrant's Quarterly Report on Form 10-Q for the quarter ended December
31, 2002 will not be timely filed by Registrant for the reasons described
herein. On January 15, 2003, the Securities and Exchange Commission filed a
Civil Complaint against Registrant in United States District Court,
District of Utah. The Complaint alleges, among other things, that
Registrant's financial statements were in error. Certain factual matters
must be established to a higher degree of certainty before the Registrant
will be able to file its financial statements. Conclusions regarding those
factual matters cannot be made until the litigation, including discovery,
has proceeded beyond its current status. Registrant intends to file at an
undetermined date in the near future, a partial Form 10-Q for the quarter
ended December 31, 2002. At this time, Registrant does not believe that the
partial Form 10-Q will contain any financial statements or information
reliant thereon.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
J. Scott Hunter (801) 322-2516
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(Name) (Area Code and Telephone Number)
(2) Have all other periodic report 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 [X] 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 [ ]
Unknown.
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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ClearOne Communications, 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 2/14/03 By /s/ George E. Claffey
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Its Chief Financial Officer
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