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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-KSB
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 23, 1998
KARTS INTERNATIONAL INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
000-23041 75-2639196
(Commission File Number) (I.R.S. Employer Identification Number)
109 Northpark Boulevard, Suite 210
Covington, Louisiana 70433
(Address of Principal Executive Offices) (Zip Code)
(504) 875-7350
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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INFORMATION INCLUDED IN REPORT ON FORM 8-KSB
ITEM 5. OTHER EVENTS.
Effective January 15, 1998, V. Lynn Graybill resigned as President,
Chief Executive Officer and Chairman of the Board of Directors of Karts
International Incorporated (the "Company") to pursue other personal interests.
The Board of Directors has appointed a search committee to interview qualified
candidates for the position of President and Chief Executive Officer. In the
interim, Mr. Charles Brister, the former owner and president of Brister's
Thunder Karts, Inc., and a current director of the Company, has been appointed
by the Board of Directors as the Company's Chief Operating Officer.
Effective January 23, 1998, John V. Callegari, Jr. was relieved of his
duties as Chief Financial Officer of the Company. This action was taken by the
Board of Directors of the Company, in connection with its review of the
Company's current management structure. The Board of Directors is evaluating
current employees of the Company who may be suitable to assume the position of
the Company's Chief Financial Officer.
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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.
KARTS INTERNATIONAL INCORPORATED
(Registrant)
By: /s/ Timothy P. Halter
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TIMOTHY P. HALTER, Vice President
Dated: January 27, 1998
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