<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-KSB
Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: May 22, 1998
All American Food Group, Inc.
Exact name of registrant as specified in its charter
New Jersey 22-3259558
State of other jurisdiction of I.R.S. Employer
incorporation or organization ID No.
104 New Era Drive, South Plainfield, New Jersey 07080
(Address of principal executive offices)
Registrant's telephone number, including area code: (908) 757-3022
<PAGE>
Item 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S.
On May 8, 1998, All American Food Group, Inc. (the "Company") issued
809,286 shares of its common stock upon the conversion of 27,500 shares of its
Class E Preferred Stock. The Class E Preferred Stock was convertible into shares
of the Company's common stock at a thirty percent (30%) discount to the average
closing price of the Company's common stock on the five consecutive trading days
preceding the date of conversion. The shares of common stock were issued to
"non-U.S. persons" as defined in (and pursuant to) Regulation S. There were no
commissions paid or significant expenses incurred in connection with this
conversion. The total commissions, expenses and legal fees incurred related to
the original offering of the Class E Preferred Stock in January 1998 under
Regulation D were $30,000.
ALL AMERICAN FOOD GROUP, INC.
By: /s/ Andrew Thorburn
------------------------------------
Andrew Thorburn
Chairman and Chief Executive Officer
Dated: May 22, 1998
