UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
The Goldfield Corporation
(Name of Issuer)
Common Stock, par value $0.10 per share
(Title of Class of Securities)
381370 10 5
(CUSIP Number)
John H. Sottile
c/o The Goldfield Corporation
1684 West Hibiscus Boulevard
Melbourne, Florida 32901
(321) 724-1700
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 21, 2005
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
|_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for other
parties to whom copies are to be sent.
* 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
disclosures provided in a prior cover page.
The information required in 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 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).
Page 1 of 5
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CUSIP No.
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1. Name of Reporting Person I.R.S. Identification Number John H. Sottile
--
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2. Check the Appropriate Box if a Member of a Group* a._______
b._______
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3. SEC Use Only
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4. Source of Funds*
BK
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5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e): ___
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6. Citizenship or Place of Organization United States
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Number of Shares Beneficially Owned 7. Sole Voting Power
by Each Reporting Person With 1,137,988
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8. Shared Voting Power
140,400
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9. Sole Dispositive Power
1,137,988
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10. Shared Dispositive Power
140,400
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11. Aggregate Amount Beneficially Owned By Each Reporting Person
1,278,388
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12. Check if the Aggregate Amount in Row 11 Excludes Certain Shares*
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13. Percent of Class Represented by Amount in Row 11 5.0%
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14. Type of Reporting Person*
IN
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* See Instructions.
Page 2 of 5
Item 1. Security and Issuer
This statement (the "Statement") relates to shares of common stock,
par value $0.10 per share (the "Common Stock"), of the Goldfield Corporation, a
Delaware corporation ("Goldfield"). The address of Goldfield's principal
executive office is 1684 West Hibiscus Boulevard, Melbourne, Florida 32901, and
its telephone number is (321) 724-1700.
Item 2. Identity and Background
(a) This Statement is being filed by John H. Sottile.
(b)-(c) Mr. Sottile is the Chairman of the Board of Directors,
President, Chief Executive Officer and Director of Goldfield, a leading provider
of electrical construction and maintenance services in the energy infrastructure
industry in the southeastern United States and a developer of condominiums. Mr.
Sottile's business address is 1684 West Hibiscus Boulevard, Melbourne, Florida
32901.
(d)-(e) During the last five years, Mr. Sottile (i) has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) was not a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) Mr. Sottile is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
The total amount of funds required by Mr. Sottile to acquire the
shares of Common Stock reported in Item 5(c) below, including brokers'
commissions, was $139,974.69. Such funds were borrowed by Mr. Sottile on the
dates of the acquisitions under a home equity line of credit from SunTrust Bank,
which Mr. Sottile uses for purposes of personal cash managmeent. The borrowings
do not have a fixed maturity date and the interest rate charged varies depending
upon market interest rates. The borrowings are not secured by the shares of
Common Stock purchased, or any other securities.
Item 4. Purpose of Transactions
Mr. Sottile entered into the transactions described in Item 5(c) below
for investment purposes.
Mr. Sottile has no current plan or proposal which relates to, or could
result in (a) the acquisition by Mr. Sottile of additional securities of
Goldfield, or the disposition of securities of Goldfield; (b) an extraordinary
corporate transaction, such as a merger, reorganization or liquidation,
involving Goldfield or any of its subsidiaries; (c) a sale or transfer of a
material amount of assets of Goldfield or of any of its subsidiaries; (d) any
change in the present board of directors or management of Goldfield, including
any plans or proposals to change the number or term of such directors or to fill
any existing vacancies on the board; (e) any material change in the present
capitalization or dividend policy of Goldfield; (f) any other material change in
Goldfield's business or corporate structure; (g) changes in Goldfield's charter,
by-laws or instruments corresponding thereto or other actions that may impede
the acquisition of the control of Goldfield by any person; (h) causing a
Page 3 of 5
class of securities of Goldfield to be delisted from a national securities
exchange or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association; (i) a class of equity
securities of Goldfield becoming eligible for termination of registration
pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of
those enumerated above.
Notwithstanding the above, Mr. Sottile may, in the future, in his
capacity as an executive officer and director of Goldfield, have plans or
proposals relating to items (a) through (j) above. In addition, Mr. Sottile may,
at any time and from time to time, and reserves the right to, acquire additional
securities of Goldfield, dispose of any such securities of Goldfield or
formulate plans or proposals regarding Goldfield or its securities, to the
extent deemed advisable by Mr. Sottile in light of his general investment
policy, market conditions or other factors.
Item 5. Interest in Securities of the Issuer
(a)-(b) As a result of the transactions described in Item 5(c) below,
Mr. Sottile beneficially owns an aggregate of 1,278,388 shares of Common Stock,
representing approximately 5.0% of the shares outstanding as of June 21, 2005.
Mr. Sottile directly holds 1,137,988 shares of Common Stock and indirectly holds
140,400 shares of Common Stock, which are owned by his wife, Ann Sottile. Mr.
Sottile reports sole voting and dispositive power with respect to the shares of
Common Stock he holds directly and shared voting and dispositive power with
respect to the shares of Common Stock he holds indirectly.
(c) On June 21, 2005, Mr. Sottile acquired 71,700 shares of Common
Stock at $0.6447 per share and 3,300 shares of Common Stock at $0.66 per share.
On June 1, 2005, Mr. Sottile acquired 165,100 shares of Common Stock at $0.5399
per share. All the foregoing acquisitions were effected by way of open-market
purchases on the American Stock Exchange.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
None.
Item 7. Material to Be Filed as Exhibits
None.
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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.
Dated: June 27, 2005
JOHN H. SOTTILE, Individually
/s/ John H. Sottile
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