UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
AUGUST 16, 2005
Date of Report (Date of earliest event reported)
COLONIAL COMMERCIAL CORP.
(Exact name of Registrant as Specified in Charter)
NEW YORK 1-6663 11-2037182
(State or other Jurisdiction Commission File (IRS Employer
of Incorporation) Number) Identification No.)
275 WAGARAW ROAD, HAWTHORNE,
NEW JERSEY 07506
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: 973-427-8224
120 NEW SOUTH ROAD, HICKSVILLE,
NEW YORK 11801
(Address) (Zip Code)
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(Former name or former address, if changed since last report)
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:
[ ] 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 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
On August 16, 2005 Colonial Commercial Corp. (the "Company") issued the
following number of shares of Common Stock to the following Directors upon the
conversion of Convertible Preferred Stock owned by them. The shares of
Convertible Preferred Stock were converted into shares of Common Stock on a one
for one basis.
Name of Director Number of Common Shares Issued
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William H. Koon 6,259
Bernard Korn 119,694
Jack Rose 48,371
The shares of Common Stock were issued pursuant to the exemption set forth in
Section 3(a)(9) of the Securities Act of 1933.
On August 16, 2005 the Company issued a press release announcing the conversion
of Convertible Preferred Stock to Common Stock by Directors of the Company. A
copy of this press release is furnished as Exhibit 99.1 to this report.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No. Description
99.1 Press Release dated August 16, 2005
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.
COLONIAL COMMERCIAL CORP.
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(Registrant)
Date: August 17, 2005 /s/ Bernard Korn
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Bernard Korn
Chairman of the Board
and President
/s/ William Salek
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William Salek
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Press Release dated August 16, 2005