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Commission File No. 0-8730
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
The following events are reported for the month of September and
December, 1997:
Item 1. CHANGES IN CONTROL OF REGISTRANT
Zack Monroe, then Chairman of Registrant's Board of Directors and
President, died of natural causes on July 25, 1997.
On September 15, 1997, a Special Meeting of Registrant's shareholders
was duly convened to elect a new Board of Directors. Approximately
75.99% of the issued and outstanding shares eligible to vote were
present in person or by proxy.
Approximately 39% of the issued and outstanding shares were held by
Dorothy Monroe, widow of the decedent, and approximately 26% were
held by George Balis, the then Director and Vice President of Registrant.
The slate of 3 persons nominated by management as directors, to serve
until the next regular meeting of the shareholders and until their
successors were duly elected and qualified, were all elected, to-wit:
George Balis
Mary Kinn
Joe Ortiz
Prior to the change in control, the existing Board of Directors
consisted of 4 Directors: Zack Monroe, George Balis, Gordon J.
Margulis, and William E. Powell.
Following the Shareholder meeting the first meeting of Registrant's
newly elected Directors elected the following officers:
George Balis: Board Chairman, President and Chief Executive Officer,
Mary Kinn: Secretary
Joe Ortiz: Treasurer
Accordingly, Registrant reiterates its need for an extension of time,
to and including January 31, 1998, in which to file its March 31, 1997,
Fork 10-K (Amended) and Form 10-Q, Second Quarter (Amended).
Item 5. OTHER EVENTS
Registrant's new address is: Bank of America Center
Suite 845
101 Convention Center Drive
Las Vegas, Nevada 89109
(702)-386-2633
Registrant's old address was: Bank of America Plaza
Suite 1111
300 South Fourth Street
Las Vegas, Nevada 89101
(702)386-2633
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant had duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
American Industries, Ltd.
Date:December 19, 1997 by: George Balis, President
