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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported) October 8, 1998
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AMERICAN ARTISTS FILM CORPORATION
(Exact name of registrant as specified in its charter)
MISSOURI 000-20759 43-1717111
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
1245 Fowler St., N.W. 30318
ATLANTA, GEORGIA 30318 (Zip Code)
(Address of principal executive offices)
(404) 876-7373
Registrant's telephone number,
including area code
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ITEM 5. OTHER EVENTS
On October 8, 1998, Ms. Vivian W. Jones formally submitted her resignation
to American Artists Film Corporation (the "Company") with respect to her
position as a member of the board of directors of the Company, her position as
co-president of the Company and her position as president of First Light
Entertainment Corporation ("First Light"), a wholly-owned subsidiary of the
Company.
The Company recently reorganized its television commercial production
operations under American Artists Films, a division of the Company, and it is
believed by management that this reorganization will reduce costs, increase
efficiencies and increase profitability. The Company is currently evaluating
its various options regarding the future of First Light. Such options include,
among others, dissolution, bankruptcy or the sale of First Light.
ITEM 7. FINANCIAL STATEMENTS & EXHIBITS
Exhibit 17 Letter of Resignation from Vivian W. Jones, dated October 8, 1998
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICAN ARTISTS FILM CORPORATION
By: /s/ Steven D. Brown
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Steven D. Brown, Chief Executive Officer
Date: October 15, 1998
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EXHIBIT 17
October 8, 1998
Mr. Steve Brown
CEO
American Artists Film Corp.
1245 Fowler Street, N.W.
Atlanta, Georgia 30318
Re: Termination of Relationship with American Artist Film Corporation
and First Light Entertainment Corporation
Dear Steve,
I hereby formally submit my resignation from the Board of Directors of AAFC, my
position as copresident of AAFC, and my position as president of FLEC effective
immediately. Please forward my final paycheck to my home address.
Vivian W. Jones
4319 Lehaven Circle
Tucker, Georgia 30084
I sincerely regret that our relationship has terminated in this manner.
Respectfully,
/s/ Vivian W. Jones
Vivian W. Jones
cc: file
