Download The Goldfield Corporaton - Form 8-K

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 24, 2005
THE GOLDFIELD CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-7525
(Commission File Number)
88-0031580
(I.R.S. Employer Identification No.)
100 Rialto Place, Suite 500, Melbourne, Florida
(Address of Principal Executive Offices)
32901
(Zip Code)
(321) 724-1700
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Table of Contents
Item 8.01 - Other Events
Item 9.01 - Financial Statements and Exhibits
Signature
Exhibit Index
Press release dated May 25, 2005.
Item 8.01 - Other Events
On May 25, 2005, The Goldfield Corporation issued a press release announcing the results of its annual meeting of stockholders held on May
24, 2005 and an extension of its stock repurchase plan. A copy of this press release is attached and incorporated by reference herein as
Exhibit 99.1.
Item 9.01 - Financial Statements and Exhibits.
(c)
Exhibits.
Number
Description
Exhibit 99-1
Press release of The Goldfield Corporation dated May 25, 2005
SIGNATURE
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.
THE GOLDFIELD CORPORATION
By: /s/ Stephen R. Wherry
Name: Stephen R. Wherry
Title: Vice President, Chief Financial
Officer (Principal Financial Officer),
Treasurer, Assistant Secretary and
Principal Accounting Officer
Dated: May 26, 2005
Exhibit Index
Number
Exhibit 99-1
Description
Press release of The Goldfield Corporation dated May 25, 2005
For Immediate Release
Goldfield Holds Annual Meeting of Stockholders - Extends Stock Repurchase Plan
MELBOURNE, Florida, May 25, 2005 - The Goldfield Corporation (AMEX: GV), a leading provider of electrical
construction and maintenance services in the southeastern United States, held its annual meeting of stockholders in
Melbourne yesterday. Stockholders re-elected all seven directors to the company's Board of Directors and ratified the
appointment of KPMG LLP as Goldfield's independent certified public accountants for the current fiscal year.
The company also announced that its Board of Directors approved an extension of Goldfield's stock repurchase plan
until September 30, 2006, and authorized the addition of 1,000,000 shares of common stock that may be purchased
under the plan, increasing the number of shares purchasable under the plan to 3,500,000. As of March 31, 2005, the
company has repurchased 1,910,248 shares pursuant to the plan, at an average cost of $0.516 per share. Goldfield, as
of May 2, 2005, had 25,788,507 shares outstanding. John H. Sottile, the company's Chairman of the Board, President
and Chief Executive Officer, stated that the Board approved the extension and increase of the repurchase program in
light of the company's strong capital position and the current price level of its stock.
About Goldfield
Goldfield is a leading provider of electrical construction and maintenance services in the energy infrastructure industry
in the southeastern United States. The company specializes in installing and maintaining electrical transmission lines
for a wide range of electric utilities. Goldfield is also involved in the development of high-end condominium projects
on Florida's east coast.
Statements in this release are based on current expectations. These statements are forward looking and actual results
may differ materially. For further details see the company's filings with the Securities and Exchange Commission.
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Further Information
Investors:
The Goldfield Corporation, 321-724-1700 or [email protected]