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
Date of Report (Date of earliest event reported) June 15, 2005
COLONIAL COMMERCIAL CORP.
(Exact name of Registrant as Specified in Charter)
NEW YORK 1-6663 11-2037182
(State of other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
120 NEW SOUTH ROAD, HICKSVILLE, 11801
NEW YORK
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: 516-681-4647
N/A
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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 to 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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
By agreement dated June 15, 2005, Universal Supply Group, Inc. ("Universal"), a
wholly owned subsidiary of the Corporation, extended the termination date of an
employment agreement between Universal and William Pagano, dated as of June 25,
1999, from December 31, 2005 to December 31, 2010, and limited Mr. Pagano's
incentive compensation to two times his base compensation. Mr. Pagano is the
President and a Director of Universal.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit No. Description
99.1 Amendment No. 2 dated as of June 15, 2005 to
Employment Agreement dated as of June 25, 1999,
filed herewith.
99.2 Employment agreement dated June 25, 1999
between Universal Supply Group, Inc. and William
Pagano. Incorporated herein by reference from
Exhibit 10(a)(iii) to the Company's Form 8-K filed
on July 09, 1999.
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.
Dated: June 20, 2005
COLONIAL COMMERCIAL CORP.
By: /S/ BERNARD KORN
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Name: Bernard Korn
Title: Chairman of the Board
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Amendment No. 2 dated as of June 15, 2005 to
Employment Agreement dated as of June 25, 1999,
filed herewith.
99.2 Employment agreement dated June 25, 1999
between Universal Supply Group, Inc. and William
Pagano. Incorporated herein by reference from
Exhibit 10(a)(iii) to the Company's Form 8-K filed
on July 09, 1999.