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
Date of Report (date of earliest event reported): April 16, 1998
VECTOR AEROMOTIVE CORPORATION
(Exact name of Registrant as specified in its charter)
Nevada
(State of incorporation)
00-17303
(Commission File Number)
33-0254334
(IRS Employer Identification No.)
975 Martin Avenue, Green Cove Springs, Florida 32043
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (904) 529-0092
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Item 5. Other Events.
The Board of Directors as of April 1, 1998, elected T. J.
Enright as President of the Company and Thomas Hallquest as
Secretary of the Company. The Board of Directors also appointed an
Executive Committee consisting of R. W. Welty, T. J. Enright and
Thomas Hallquest; a Compensation Committee consisting of R. W.
Welty, Lilly Beter and Michael J. Kimberley; and an Audit Committee
consisting of R. W. Welty and Thomas Hallquest.
American Dream International Limited, a corporation organized
under the laws of The Bahamas, is attempting to raise equity
capital in the public markets to, among other things, provide the
Company with enough capital to commence full scale operations and
operate for the foreseeable future. American Dream International
Limited has an option to purchase 60,000,000 shares of Common Stock
from the Company and other shares from V'Power Corporation.
American Dream International Limited also has the right to nominate
a majority of the Board of Directors of the Company. Lilly Beter
Capital Group, Inc., an affiliate of Lilly Beter, a director of the
Company, is acting as financial advisor to American Dream
International Limited. There can be no assurance that American
Dream International Limited will be able to obtain an underwriter
for its securities or successfully raise the capital sought.
The Company plans to race its M12 at the nationally televised
Toshiba Copiers & Fax Nevada Grand Prix at Las Vegas Motor
Speedway. The race is scheduled for April 26, 1998.
* * * * * * *
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.
VECTOR AEROMOTIVE CORPORATION
/s/ Timothy J. Enright
Timothy J. Enright, President
Date: April 16, 1998
