UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. *)
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CHAMPIONSHIP AUTO RACING TEAMS INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
158 711 101
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(CUSIP Number)
AUGUST 7, 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
*SEE INSTRUCTIONS BEFORE FILLING OUT
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1. NAME OF REPORTING PERSON: S.S OR IRS IDENTIFICATION NOS.
WEATONS HOLDINGS LIMITED BUSINESS #
REGISTERED IN ONTARIO, CANADA 8686 82295 RP0001
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA
Number of Shares 5. SOLE VOTING POWER 920,900
Beneficially Owned
by Each Reporting
Person with 6. SHARED VOTING POWER 0
7. SOLE DISPOSITIVE POWER 920,900
8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
920,000
10. CHECK BOX IF AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN
ITEM 1.(a) NAME OF ISSUER
CHAMPIONSHIP AUTO RACING TEAMS INC.
ITEM 1.(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
5350 LAKEVIEW PARKWAY SOUTH DRIVE
INDIANAPOLIS INDIANA 46268 USA
ITEM 2.(a) NAME OF PERSON FILING
WEATONS HOLDINGS LIMITED
ITEM 2.(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
17485 McLAREN ROAD, CALEDON ONTARIO
CANADA L0N 1C0
ITEM 2.(c) CITIZENSHIP
CANADIAN
ITEM 2.(d) TITLE OF CLASS OF SECURITIES
COMMON STOCK, PAR VALUE $.01 PER SHARE
ITEM 2.(e) CUSIP NUMBER
158 711 101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-l(b) OR 13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
NOT APPLICABLE
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED 920,900
ITEM 4.(b) PERCENT OF CLASS
6.3%
ITEM 4.(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE 920,900
(ii) SHARED POWER TO VOTE OR DIRECT THE VOTE 0
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF 920,900
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP N/A
ITEM 10. CERTIFICATION By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
WEATONS HOLDING LIMITED
By: /s/ Michael Smith
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Title: Chairman
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Date: August 13, 2003
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Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).