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) September 18, 2000
COLONIAL HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
VIRGINIA 333-18295 54-1826807
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10515 Colonial Downs Parkway, New Kent, Virginia 23124
(Address of principal executive offices)
Registrant's telephone number, including area code (804) 966-7223
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ITEM 5. OTHER EVENTS
On September 18, 2000 the registrant issued the press release attached
hereto as Exhibit A reporting that Stephen Peskoff, one of registrant's seven
members of its Board of Directors, had resigned his position as Director with
registrant effective September 14, 2000 in light of other commitments.
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 hereto duly authorized.
COLONIAL DOWNS HOLDINGS, INC.
September 18, 2000 /s/ Ian M. Stewart
-------------------- --------------------------------
Date Ian M. Stewart, President
<PAGE>
Colonial Holdings, Inc.
10515 Colonial Downs Parkway, New Kent, Virginia 23124
September 18, 2000 CONTACT: Ian M. Stewart
President
FOR IMMEDIATE RELEASE (804) 966-7223
PESKOFF RESIGNS AS DIRECTOR TO PURSUE BUSINESS OPPORTUNITIES
NEW KENT, Va. --(BUSINESS WIRE)-September 18, 2000--Colonial Holdings, Inc.
(NASDAQ: SCM: CHLD) which, through its subsidiaries, holds the only licenses to
own and operate a pari-mutuel horseracing course and satellite racing centers
in Virginia announced today that Stephen Peskoff had resigned from its Board of
Directors. Peskoff, a consultant of Friedman, Billings, Ramsey & Co. and
President of Underhill Investment Corp., resigned his position as Director due
to demands from his other commitments. Mr. Peskoff had been a director of the
Company since March of 1997.
