UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-17204
CUSIP NUMBER
45663L 40 3
(Check One): [ ] Form 10-K [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR
For Period Ended: September 30, 2003
[ ] 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
Infinity, Inc.
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Full Name of Registrant
211 West 14th Street
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Address of Principal Executive Office (Street and Number)
Chanute, Kansas 66720
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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)
(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, 11-K, Form N-SAR, or portion thereof, will be
[X] filed on or before the fifteenth calendar day following the
prescribed due 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 has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 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.
Management encountered delays in making certain valuation determinations
that were needed to complete the financial statements to be included in
the Report on Form 10-Q. As a result the financial statements could not
be completed in sufficient time to file the Report by the original due
date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Jon D. Klugh (620) 431-6200
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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 reports) 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? [ X ]Yes [ ]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. [See attachment]
______________________________________________________________________________
Infinity, 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: November 17, 2003 By: /s/ Jon D. Klugh
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Jon D. Klugh, Chief Financial Officer
2
Attachment to Form 12b-25 for Infinity, Inc.
Part IV, Item (3):
Infinity, Inc. (Infinity) incurred a net loss after taxes of
approximately $4.5 million, or $(0.55) per fully diluted share, in the quarter
ended September 30, 2003 compared to a net loss after taxes of approximately
$0.3 million, or $(0.06) per fully diluted share in the quarter ended
September 30, 2002. The increased net loss was primarily due to the
amortization of non-cash loan costs of approximately $4.2 million which were
incurred.
Infinity incurred a net loss of approximately $5.4 million, or $0.67 per
fully diluted share, in the nine month period ended September 30, 2003
compared to a net loss after taxes of approximately $1 million, or $(0.14) per
fully diluted share in the nine month period ended June 30, 2002. The
increased net loss was primarily due to the amortization of non-cash loan
costs of approximately $4.8 million which were incurred.