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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. # # # Further Information Investors: The Goldfield Corporation, 321-724-1700 or [email protected]