8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): December 15, 2000 AVALON HOLDINGS CORPORATION (Exact Name of Registrant as Specified in its Charter) Ohio 1-14105 34-1863889 -------------------------------- -------------------- --------------------- (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 -------------------------------------------------------------------------------- (Former name and address, if changed since last report) There are no exhibits 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 -------------------- ------------------------- 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 2 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 3 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 -------------------------------------------- By: Timothy C. Coxson Chief Financial Officer and Treasurer DATED: December 19, 2000 4