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: October 30, 1996
AMERICAN INVESTMENT NETWORK, INC.
MISSISSIPPI
0-21572 74-2447294
(Commission File Number) (IRS Employer ID No.)
660 Lakeland East Drive, #204
Flowood, Mississippi 39208
(Address of Principal Executive Office) (Zip Code)
(601)936-2090
Registrant's Telephone Number
Item 1. Changes in Control of Registrant
None
Item 2. Acquisition or Disposition of Assets
None
Item 3. Bankruptcy or Receivership
None
Item 4. Certifying Accountants
None
Item 5. Other Events
On October 25, 1996, Registrant announced that it had signed a definitive
written agreement whereby Citizens Insurance Company of America, (CICA),
Austin, Texas, a wholly owned subsidiary of Citizens, Inc. (Citizens) will
acquire 100% of the outstanding shares of Registrant for shares of Citizens
Class A common stock.
Pursuant to the terms of the Agreement which is subject to approval of
regulatory authorities and shareholders of Registrant, CICA will issue one
share of Citizens Class A common stock it owns for each 7.2 shares of
Registrant Class A and Class B common stock issued and outstanding. CICA
expects to issue approximately 700,000 shares of Citizens common stock to
consummate the transaction. The companies will continue to operate in their
respective locations under a combined management team with consolidation of
computer data processing on CICA's system.
Item 6. Resignations of Registrant's Directors
None
Item 7. Financial Statements and Exhibits
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on Registrant's behalf by
the undersigned, duly authorized and empowered officer of the Registrant.
AMERICAN INVESTMENT NETWORK, INC.
BY:s/H. Harold Crumpler
H. Harold Crumpler, Executive Vice President, Treasurer
Date: October 30, 1996
