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): January 30, 2004
AVALON HOLDINGS CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| Ohio | 1-14105 | 34-1863889 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer 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 or Disposition of Assets | Not Applicable | ||
| Item 3. | Bankruptcy or Receivership | Not Applicable | ||
| Item 4. | Changes in Registrant’s Certifying Accountant | Not Applicable | ||
| Item 5. | Other Events | Sale of AWS Remediation, Inc. fixed assets | ||
| 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 |
As previously disclosed, Avalon Holdings Corporation’s (Avalon) management determined that it was in Avalon’s best interest to sell or discontinue the operation of its environmental remediation business. On January 30, 2004, AWS Remediation, Inc., a wholly owned subsidiary of Avalon, discontinued its operations and sold all of its fixed assets. Proceeds from the sale were approximately $.2 million which approximated the fair value of the assets that were sold. As part of the transaction, the purchaser assumed all of AWS Remediation, Inc.’s obligations relating to the ongoing projects. AWS Remediation, Inc. retained all of its other liabilities and assets, including cash and accounts receivable.
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) | ||
| By: |
/s/ Timothy C. Coxson | |
| Timothy C. Coxson Chief Financial Officer and Treasurer | ||
DATED: January 30, 2004
4