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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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): December 15, 2000
AVALON HOLDINGS CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Ohio 1-14105 34-1863889
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
One American Way, Warren, Ohio 44484
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (330) 856-8800
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(Former name and address, if changed since last report)
There are no exhibits
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AVALON HOLDINGS CORPORATION
Cross Reference Sheet showing location in Current Report of Information Required
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Current Report Item Caption in Current Report
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Item 1. Changes in Control of Registrant Not Applicable
Item 2. Acquisition of Disposition of Assets Not Applicable
Item 3. Bankruptcy or Receivership Not Applicable
Item 4. Changes in Registrant's Certifying Not Applicable
Accountant
Item 5. Other Events Stock Repurchase Program
Item 6. Resignations of Registrant's Directors Not Applicable
Item 7. Financial Statements and Exhibits Not Applicable
Item 8. Change in Fiscal Year Not Applicable
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ITEM 5. Other Events
See the following press release dated December 15, 2000 announcing a Share
Repurchase Program.
FOR RELEASE AFTER 5:00 P.M. ON DECEMBER 15, 2000
AVALON HOLDINGS CORPORATION ANNOUNCES SHARE REPURCHASE PROGRAM
WARREN, Ohio (December 15, 2000) - Avalon Holdings Corporation (AMER:AWX)
today announced that it has been authorized by its Board of Directors to
repurchase a portion of its Class A Common Stock for an amount not to exceed
$2,500,000.00. Using available cash, the Company plans to make the purchases
from time to time in the open market and in privately negotiated transactions.
The amount and timing of any share purchases will be based upon management's
ongoing assessment of the Company's capital structure, liquidity, general market
conditions and other corporate considerations.
In announcing the repurchase authorization, Avalon Holdings Corporation's
Chairman and Chief Executive Office, Ronald E. Klingle, stated "The Board of
Directors authorized this stock repurchase program because it believes that the
stock price is undervalued and it advances the Company's long term objective of
maximizing shareholder value."
Avalon Holdings Corporation provides transportation services, waste
disposal brokerage and management services and technical environmental services,
including environmental engineering, site assessment, analytical laboratory,
remediation and landfill management services to industrial, commercial,
municipal and governmental customers. The Company also owns and operates a
public golf course.
-end-
For more information, contact:
Mr. Tim Coxson, Chief Financial Officer
Avalon Holdings Corporation
One American Way
Warren, OH 44484-5555
(330) 856-8800
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AVALON HOLDINGS CORPORATION
(Registrant)
/s/ Timothy C. Coxson
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By: Timothy C. Coxson
Chief Financial Officer and Treasurer
DATED: December 19, 2000
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