SC 13G 1 weatonsform13g081503.txt SCHEDULE 13G CHAMPIONSHIP AUTO RACING TEAMS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. *) -------- CHAMPIONSHIP AUTO RACING TEAMS INC. ----------------------------------- (Name of Issuer) Common Stock, par value $.01 per share (Title of Class of Securities) 158 711 101 ----------- (CUSIP Number) AUGUST 7, 2003 -------------- (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 -------------------------------------------------------------------------------- 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* -------------------------------------------------------------------------------- 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 ------------------------------------ Title: Chairman --------------------------------- Date: August 13, 2003 --------------------------------- Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).