U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING (CHECK ONE): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR For Period Ended: [ ] Transition Report on Form 10-K [ ] [ ] Transition Report on Form 20-F [ ] [ ] Transition Report on Form 11-K [ ] [ ] Transition Report on Form 10-Q [ ] [ ] Transition Report on Form N-SAR For the Transition Period Ended: 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 Full Name of Registrant: VideoPropulsion, Inc. Former Name if Applicable NA Address of Principal Executive Office (Street and Number): 251 Info Highway City, State and Zip Code: Slinger, Wisconsin 53086 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, Form 20-F, 11-K, Form N-SAR, 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 (c) the accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. PART III - Narrative The Registrant cannot timely file its Form 10-QSB for the quarter ending on June 30, 2001 because it is continuing to evaluate the collectability of a receivable. PART IV - Other Information (1) Name and telephone number of person to contact in regard to this notification Brad Powers 262 644-8700 ----------------------------- ----------- -------------------- (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. VideoPropulsion, Inc. - -------------------------------------------------------------------------------- (Name of Registrant as Specified in Charter) has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date August 15, 2001 By /s/ Carl Pick - -------------------------------- ------------------------------------------- Carl Pick, Chairman and Director