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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, D.C. 20549 </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT </FONT></P>

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<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report: May 17, 2005</FONT> <BR>
 <FONT FACE="Times New Roman, Times, Serif" SIZE=1>(Date of earliest event reported) </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>CGI HOLDING CORPORATION </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact name of registrant as specified in its charter) </FONT></H1>

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     <Td width="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Nevada<br>(State or other jurisdiction of incorporation or organization)</font></Td>
     <td width="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>33-19980-D<br>(Commission File No.)</font></td>
     <Td width="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>87-0450450<br>(I.R.S. Employer Identification Number)</font></Td>
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                                                     5 Revere Drive<br>
                                                        Suite 510<br>
                                                    Northbrook, Illinois 60062<br>
                                             (Address of Principal Executive Offices)
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(847) 562-0177
<BR>
(Registrant's telephone number, including area code)</FONT></P>


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                                                    100 North Waukegan Road<BR>
                                                           Suite 100<BR>
                                                   Lake Bluff, Illinois 60044<BR>
                                 (Former name or former address, if changed since last report)
</font></P>


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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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): </font></P>

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<img src="ballot.jpg">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
<br>
<br>
<img src="ballot.jpg">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
<br>
<br>
<img src="ballot.jpg">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
<br>
<br>
<img src="ballot.jpg">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></P>



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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7.01 Regulation FD Disclosure. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
May 17, 2005, CGI Holding Corporation, a Nevada corporation (the &#147;Company&#148;)
issued a press release announcing its results of operations and financial condition for
the three months ended March 31, 2005. A copy of the press release is attached hereto as
Exhibit 99.1. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.01 Financial
Statements and Exhibits. </FONT></H1>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1 </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Press Release dated May 17, 2005 announcing results of operations and financial condition
for the three months ended March 31, 2005. </FONT></TD>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: May 17, 2005 </FONT></P>


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    <td colspan="2"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CGI HOLDING CORPORATION.<br><br><br></FONT></td>
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    <td width="1%">By:</td>
    <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>/s/ Gerard M. Jacobs</FONT></td>
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    <td>&nbsp;</td>
    <td><HR></td>
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    <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Name:&nbsp;&nbsp;</FONT></td>
    <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gerard M. Jacobs</FONT></td>
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    <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Title:</FONT></td>
    <td><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President and Chief Executive Officer</FONT></td>
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{"company-data": {"conformed-name": "CGI HOLDING CORP", "cik": "0000829323", "assigned-sic": "7370", "irs-number": "870450450", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32442", "film-number": "05839343"}, "business-address": {"street1": "300 N MANNHEIM", "city": "HILLSIDE", "state": "IL", "zip": "60162", "phone": "7083570900"}, "mail-address": {"street1": "300 N MANNHEIM", "city": "HILLSIDE", "state": "IL", "zip": "60162"}, "former-company": [{"former-conformed-name": "GEMSTAR ENTERPRISES INC", "date-changed": "19920703"}, {"former-conformed-name": "NORTH STAR PETROLEUM INC", "date-changed": "19900530"}]}
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: May 17, 2005
(Date of earliest event reported)
CGI HOLDING CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of incorporation or organization)
33-19980-D
(Commission File No.)
87-0450450
(I.R.S. Employer Identification Number)
5 Revere Drive
Suite 510
Northbrook, Illinois 60062
(Address of Principal Executive Offices)
(847) 562-0177
(Registrant's telephone number, including area code)
100 North Waukegan Road
Suite 100
Lake Bluff, Illinois 60044
(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 (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 7.01 Regulation FD Disclosure.
On
May 17, 2005, CGI Holding Corporation, a Nevada corporation (the "Company")
issued a press release announcing its results of operations and financial condition for
the three months ended March 31, 2005. A copy of the press release is attached hereto as
Exhibit 99.1.
Item 9.01 Financial
Statements and Exhibits.
99.1
Press Release dated May 17, 2005 announcing results of operations and financial condition
for the three months ended March 31, 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.
Dated: May 17, 2005
CGI HOLDING CORPORATION.
By:
/s/ Gerard M. Jacobs
Name:
Gerard M. Jacobs
Title:
President and Chief Executive Officer