SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
The Securities and Exchange Commission Act of 1934
Date of Report Commission File Number
June 11, 1997 0-15216
AUTOCORP EQUITIES, INC.
(Formerly Chariot Entertainment, Inc.)
NEVADA 87-0522501
(State of Incorporation) (IRS Employer ID#)
7373 Scottsdale Mall Suite 15 85251
Scottsdale, Arizona
(Address of principal office) (Zip Code)
(602) 425-9000
(Registrants telephone number including area code)
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ITEM 5. Other Events
On May 8, 1997, Stanley F. Wilson, President of the Company, exercised a
stock option pursuant to a March 20, 1997 Stock Option Agreement for the
issuance of 300,000 shares of Company common stock registered pursuant to S-8 at
the option price of $.37 per share. The $111,000 option price was paid in full
through the cancellation by Mr. Wilson of a note payable to Mr. Wilson by the
Company.
On May 16, 1997, the Company completed the acquisition of Fleet
International, Inc., a Delaware corporation and Economy Engine Exchange, Inc.,
an Arizona corporation, through an exchange of shares of common stock whereby
the Company received 100% of the issued and outstanding shares of common stock
of Fleet in exchange for 2,600,000 shares of restricted common stock subject to
Rule 144 and 100% of the issued and outstanding shares of common stock of EEE in
exchange for 1,500,000 shares of restricted common stock subject to Rule 144.
As of June 11, 1997, Stanley F. Wilson, President of the Company, is the
beneficial owner of 432,000 shares comprising 9.3% of the total issued and
outstanding shares of the Company's common stock.
SIGNATURE
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.
AUTOCORP EQUITIES, INC.
Dated: June 11, 1997 /s/ Stanley F. Wilson
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Stanley F. Wilson
President
