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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission file number 1-130387
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[x] Form 10-K and Form 10KSB [ ] Form 11-K
[ ] Form 20-F [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For period ended December 31, 1999
[ ] Transition Report on Form 10-K and Form 10-KSB
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q and Form 10-QSB
[ ] Transition Report on Form N-SAR
For transition period ended ________
Read Attached Instruction Sheet 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: Not Applicable
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PART I
REGISTRANT INFORMATION
Full name of registrant: Crescent Operating, Inc.
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Former name if applicable:
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Address of principal executive office (Street and number):
306 West Seventh Street, Suite 1000
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City, State, Zip Code: Fort Worth, Texas, 76102
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PART II
RULE 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, 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;
[X] (b) The subject annual report, semi-annual report, transition report on Form
10-K, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be filed
on or before the 15th calendar day following the prescribed due date; or
the subject quarterly report on Form 10-Q, 10-QSB, 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 the reasons why Form 10-K, 10-KSB, 11-K, 20-F,
10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
On March 28, 2000, a tornado accompanied by a series of severe
thunderstorms touched down in downtown Fort Worth, Texas, where the Company's
principal executive offices are located. The storm caused significant damage to
several downtown buildings, including the building where the Company's principal
executive offices are located. The downtown Fort Worth area remained closed on
March 29, 2000 because of the risk of falling glass from high-rise buildings and
to allow emergency officials to assess the damage.
For the reasons set forth above, the Company cannot timely file its
Annual Report on Form 10-K for the fiscal year ended December 31, 1999 without
unreasonable effort or expense. The registrant will file its Form 10-K no later
than the fifteenth day after the prescribed due date of the Form 10-K.
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PART IV
OTHER INFORMATION
(1) Name and telephone of person to contact in regard to this notification.
Bob Robbins (202) 663-8000
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or 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 the 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.
CRESCENT OPERATING, 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 thereunto duly authorized.
Date: March 30, 2000 By: /s/ Jeffrey L. Stevens
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Name: Jeffrey L. Stevens
Title: Executive Vice President
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