UNITED STATES 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): May 14, 2004 CHAMPIONSHIP AUTO RACING TEAMS, INC. (Exact name of registrant as specified in its charter) Delaware 1-13925 38-3389456 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 5350 Lakeview Parkway South Dr. Indianapolis, IN 46268 (Address of principal executive offices, with zip code) Registrant's telephone number, including area code: (317) 715-4100 ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE On May 14, 2004, Championship Auto Racing Teams, Inc. issued a press release announcing that its Quarterly Report on Form 10-Q for the three months ended March 31, 2004, cannot be completed by the filing deadline of May 17, 2004. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS The following exhibits are incorporated by reference as part of this Report: Exhibit Description ------- ----------- 99.1 Press release dated May 14, 2004 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 hereunto duly authorized on this 14th day of May, 2004. CHAMPIONSHIP AUTO RACING TEAMS, INC. By: /s/ Thomas L. Carter -------------------- Thomas L. Carter Chief Financial Officer