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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): October 3, 2000
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)
755 West Big Beaver Road, Suite 800
Troy, Michigan 48084
(Address of principal executive offices, with zip code)
Registrant's telephone number, including area code: (248) 362-8800
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ITEM 5. OTHER EVENTS.
On October 3, 2000, Championship Auto Racing Teams, Inc. (the
"Company") issued a news release with respect to the resignation of its Chief
Financial Officer, a copy of which is attached hereto as Appendix A, and
incorporated herein by this reference.
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 4th day of October, 2000.
CHAMPIONSHIP AUTO RACING TEAMS, INC.
By: /s/ Thomas L. Carter
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Thomas L. Carter,
Chief Financial Officer
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APPENDIX A
FOR IMMEDIATE RELEASE
Contact: Ron Richards or Mike Zizzo (248) 362-8800
CHAMPIONSHIP AUTO RACING TEAMS, INC.
ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER
DETROIT (OCTOBER 3, 2000) - Championship Auto Racing Teams, Inc. (NYSE:MPH)
announced today that Randy K. Dzierzawski has resigned his positions as
Executive Vice President and Chief Financial Officer, effective October 3, 2000,
to pursue other business interests. Thomas L. Carter, who currently serves as
Vice President of Finance and Administration of a subsidiary of the Company, has
been appointed Chief Financial Officer and will oversee the financial functions
until a permanent successor is named.
"On behalf of the Board of Directors of the Company, I would like to thank Randy
Dzierzawski for over 10 years of dedication and hard work with Championship Auto
Racing Teams, Inc., and we all wish him the best of luck in his future
endeavors," said Robert W. Rahal, Interim President and CEO of the Company.
Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates and markets the
FedEx Championship Series. Champions Juan Montoya, Michael Andretti and Jimmy
Vasser are among the drivers who battle for the FedEx Championship Series title
on oval circuits as well as temporary and permanent road courses. CART also owns
and operates its top two development series, the Dayton Indy Lights Championship
and the Toyota Atlantic Championship. Learn more about CART's open-wheel racing
series at www.cart.com .
This press release may contain "Forward-Looking Statements" within the meaning
of Section 27A of the Securities Act and Section 21E of the Exchange Act. All
statements other than statements of historical facts included in this release
may constitute forward-looking statements. Although the parties believe that the
expectations reflected in such forward-looking statements are reasonable, they
can give no assurance that such expectations will prove to have been correct.
Actual results may differ materially from the parties' expectations due to
changes in corporate performance, industry factors, continued due diligence by
the parties, and other operational and economical factors. Additional
information on potential factors that could affect the Company's financial
results are included in the reports filed with the SEC, including its Form 10-K.
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