UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 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) March 1, 2006 (February 24,
2006)
CHAMPIONSHIP AUTO RACING TEAMS, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-13925 38-3389456
--------------------------------------------------------------------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
5350 Lakeview Parkway South Drive, Indianapolis, IN 46268
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (317) 715-4196
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240,14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240,13e-4(c))
ITEM 8.01 OTHER EVENTS
On February 24, 2006, Championship Auto Racing Teams, Inc. (the "COMPANY")
transferred its remaining assets to the Championship Liquidating Trust, a
Delaware statutory trust (the "LIQUIDATING TRUST"), pursuant to the Liquidating
Trust Agreement attached hereto as Exhibit 99.1. The assets transferred to the
Liquidating Trust consisted of $450,000 of cash.
On February 28, 2006, the Company filed a Form 15 with the Securities and
Exchange Commission to terminate the registration of the Company's common stock
under the Securities and Exchange Act of 1934 (the "EXCHANGE ACT"). As a result,
the Company will cease filing reports under the Exchange Act. The Liquidating
Trust will, however, file with the Securities and Exchange Commission annual
reports on Form 10-K and current reports on Form 8-K under the Company's former
Securities and Exchange Commission file number.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
The following exhibits are incorporated by reference as part of this Report:
Exhibit Description of Exhibit
------- ----------------------
99.1 Liquidating Trust Agreement dated February 24, 2006
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized on this 1st day of March, 2006.
CHAMPIONSHIP AUTO RACING TEAMS, INC.
By: /s/ Thomas L. Carter
--------------------
Thomas L. Carter
Chief Financial Officer