-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S7awpE+r+lJcEuzEsEyFUT4IPHF8d2oqVFbzJF92QVKyXg9xxueJ6yCqqWIDSJBM cp+oxQCyQ98YqT+vFZWVqA== 0001168443-02-000008.txt : 20020625 0001168443-02-000008.hdr.sgml : 20020625 20020625162515 ACCESSION NUMBER: 0001168443-02-000008 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020625 GROUP MEMBERS: ANTHONY J. AND MELBA FORD GROUP MEMBERS: FRANK GIORDANO GROUP MEMBERS: JAMES S. COCALIS GROUP MEMBERS: JOSEPH C. AND DONNA J. COCALIS GROUP MEMBERS: SAM REBOTSKY FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COCALIS JOSEPH C CENTRAL INDEX KEY: 0001168443 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 119 WRIGHT STREET CITY: PONT MARION STATE: PA ZIP: 15474 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDFIELD CORP CENTRAL INDEX KEY: 0000042316 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 880031580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31632 FILM NUMBER: 02686621 BUSINESS ADDRESS: STREET 1: 100 RIALTO PL STE 500 CITY: MELBOURNE STATE: FL ZIP: 32901 BUSINESS PHONE: 321-724-1700 MAIL ADDRESS: STREET 1: 100 RIALTO PLACE STREET 2: SUITE 500 CITY: MELBOURNE STATE: FL ZIP: 32901 FORMER COMPANY: FORMER CONFORMED NAME: GOLDFIELD CONSOLIDATED MINES CO DATE OF NAME CHANGE: 19670628 SC 13D/A 1 cocalis13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 The Goldfield Corporation COMMON STOCK, Par Value $0.10 per share (Title of Class of Securities) Joseph C. and Donna J. Cocalis 119 Wright Street Point Marion, PA 15474 724-725-3358 Anthony J. and Melba Ford 33 Van Riper Street Staten Island, NY 10302 718-273-9022 Sam Rebotsky 10 Holder Place, Apartment 3B Forest Hills, NY 11375 718-793-0120 Frank Giordano 32-14 75th Street Jackson Heights, NY 11370 718-565-2069 June 21, 2002 If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d- 1(g), check the following box |_|. 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) Joseph C. and Donna J. Cocalis, Anthony and Melba Ford, Sam Rebotsky, and Frank Giordano CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (b) Although no legally binding agreement exists, an informal group has been formed with the following purposes: to bundle stock to effectuate a stock swap with a larger company or mutual fund at a price equal to or above book value, to communicate with individuals, companies, and mutual funds to determine interest in a stock swap, and to communicate with other stockholders on issues of concern and to make recommendations to management. The informal group does not agree on all issues. Actions taken to date include communications with several companies to determine interest in a stock swap, a conference call between group members and a company that expressed an interest in but no firm commitment to a stock swap, and communications with Goldfield management and other stockholders on the sale of he mines. Specifically the group advocates: The reduction of the excessive overhead burden on Goldfield through economies of scale, such as through a stock swap. For example Goldfield's reported 2001 Chief Executive Officer (CEO) Compensation totaling $523,838 is excessive when compared to its revenues, income, assets and capitalization and those of competitors such as Dycom, MDU, Quanta, and UIL Holdings. Table 1 demonstrates that Goldfield's CEO compensation ratio of 35% of income and 2% of sales can be significantly reduced via a stock swap. 2. that stockholders be provided information pertaining to the sale of Goldfield's mining assets, that the sale be delayed, and that additional bids be sought. A letter was sent on April 29th to Goldfield management outlining stockholder concerns pertaining to the sale of the mines. 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------- - ---------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 519,700 (Joseph and Donna Cocalis), 2,065,300 (Anthony Ford) 511,100 (Sam Rebotsky) 248, 868 (Frank Giordano) - ---------------------------------------- 8 SHARED VOTING POWER 3,344,968 - -------------------------------------- 9 SOLE DISPOSITIVE POWER 519,700 (Joseph and Donna Cocalis), 2,065,300 (Anthony Ford) 511,100 (Sam Rebotsky) 248, 868 (Frank Giordano) - ------------------------------------- 10 SHARED DISPOSITIVE POWER 3,344,968 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 519,700 (504,700 Joseph & Donna, 7000 Joseph, 8000 Donna) 2,065,300 (Anthony Ford) 511,100 (Sam Rebotsky) 248, 868 (Frank Giordano) 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* /X/ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.1 % - - 14 TYPE OF REPORTING PERSON* Stockholders Item 1. Security and issuer This statement constitutes Amendment No. 1 to the Schedule 13D (the "Schedule 13D"), dated March 6, 2002, regarding the common stock (the "Shares"),of Goldfield Corporation., a Delaware corporation (the "Issuer"). All capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Schedule 13D. This statement is being filed by Joseph C, Donna J Cocalis, both retired, Anthony and Melba Ford, both retired, and Sam Rebotsky and Frank Giordano, both investment advisors, with Joseph and Donna residing in the State of Pennsylvania and Anthony and Melba Ford, Sam Rebotsky, and Frank Giordano residing in the State of NY, in accordance with Rule 13d-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). It refers only to information that has materially changed since the filing of the Schedule 13D on March 6, 2002. Item 2. Identity and Background. ... (b) and (c) The principal address of Joseph and Donna Cocalis is 119 Wright Street, Point Marion, PA 15474. The principal address of Anthony and Melba Ford is 33 Van Riper Street, Staten Island NY 10302. The principal address of Sam Rebotsky is 10 Holder Place, Apartment 3B, Forest Hills, NY 11375. The principal address of Frank Giordano is 32-14 75th Street Jackson Heights, NY 11370. (d) The reporting person, during the last five years, has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors). -----END PRIVACY-ENHANCED MESSAGE-----