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
August 21, 1998
(Date of earliest event reported)
The American Education Corporation
(Exact name of registrant as specified in its charter)
Colorado
(State or other jurisdiction of incorporation)
0-11078
(Commission File Number)
84-0838184
(IRS Employer Identification No.)
7506 North Broadway Extension, Suite 505
Oklahoma City, Oklahoma 73116
(Address of principal executive offices) (Zip Code)
(405) 840-6031
Registrant's telephone number, including area code
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
On August 21, 1998, the Company hired Neil R. Johnson as Chief
Financial Officer and Vice President. Immediately prior to being
employed by the Company, Mr. Johnson was a principal in L.I.G.
Investments, an Oklahoma City investment advisory firm. From
1994-1997, Mr. Johnson was Chief Financial Officer and Treasurer
for Unit Parts, Inc., an Oklahoma City based remanufacturer of
automotive parts. From 1985-1994, Mr. Johnson was Vice President
of Corporate Finance and Treasurer of Doskocil Companies, Inc., a
diversified food products manufacturer. Prior to those
positions, Mr. Johnson spent twelve years with the public
accounting firm of Coopers & Lybrand. Mr. Johnson graduated from
Valparaiso University in 1972 with a Bachelor of Science in
Business Administration. He is a Certified Public Accountant.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statement and Exhibits.
Not Applicable.
Item 8. Change in Fiscal Year.
Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Not Applicable.
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.
THE AMERICAN EDUCATION CORPORATION
Date: September 28, 1998
By:\s\Jeffrey E. Butler, Sr.
Chairman of the Board of Directors,
President and Chief Executive Officer
