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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
THE AMERICAS GROWTH FUND, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
03060F107
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(CUSIP Number)
Robert W. Forman, Esq.
Greenberger & Forman
1370 Avenue of the Americas
New York, New York 10019
212/757-4001
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 27, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the
statement [X].
Page 1 of 7 pages
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|CUSIP NO. 03060F107 | | Page 2 of 7 pages |
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1 NAME OF REPORTING PERSON:
Kevin C. King
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
U.S.A.
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NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 63,255
OWNED BY | |
EACH | 8 | SHARED VOTING POWER 0
REPORTING | |
PERSON | 9 | SOLE DISPOSITIVE POWER 63,255
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|CUSIP NO. 03060F107 | | Page 3 of 7 pages |
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| |
| 10 | SHARED DISPOSITIVE POWER
| | 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
63,255
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
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14 TYPE OF REPORTING PERSON
IN
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|CUSIP NO. 03060F107 | | Page 4 of 7 pages |
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STATEMENT FOR SCHEDULE 13D
Item 1. Security and Issuer.
The class of equity securities to which this Statement relates
is the common stock, $.01 par value, of The Americas Growth Fund, Inc., a
Maryland corporation (the "Issuer"), whose principal executive office is located
at 701 Brickell Avenue, Miami, Florida.
Item 2. Identity and Background.
This Statement is filed on behalf of Kevin C. King, whose
address is 10200 Old Katy Road, Suite 300, Houston, Texas 77043.
Mr. King's principal business is as a private investor. Mr. King
has not been convicted of any crimes or involved in any securities
related proceedings, judgments, decrees or orders in the last five
years. Mr. King is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. King is the beneficial owner of 63,255 shares of the
common stock, for which he paid an aggregate $159,686, the source
of which was personal funds.
Item 4. Purpose of Transaction.
Mr. King believes that the Shares of the Issuer at current
market prices present an attractive investment opportunity for capital
appreciation. He is, however, opposed to the recently announced merger agreement
with Advanced Electronic Support Products, Inc. ("AESP") based upon his belief
that the Issuer's Chairman is receiving grossly excessive payments and that
certain shareholders of AESP are also receiving excess payments. He has written
to the Securities & Exchange Commission to request that it review the proposed
transaction, and he intends to communicate with other shareholders of the Issuer
regarding the proposed transaction.
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|CUSIP NO. 03060F107 | | Page 5 of 7 pages |
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Based upon an evaluation of the Issuer's operations and future
plans, as well as his own financial status and general economic and market
conditions, Mr. King may (a) acquire additional shares of Common Stock in the
open market, in privately negotiated transactions or otherwise, (b) consider
asking the Issuer to have one or more of his representatives appointed to the
Board of Directors of the Issuer, (c) consider engaging in the solicitation of
proxies to elect his nominees to the Board of Directors of the Issuer, (d)
solicit proxies in opposition to the proposed AESP transaction, or (e) take a
combination of any actions described above or below.
Except as stated herein, Mr. King does not presently have any
other proposals or plans which would result in any event listed in items (a)
through (f) of Item 4 of Schedule 13D however, in the future, he may decide to
pursue another course of action. Mr. King may hold or dispose of the Shares or
may purchase additional shares of Common Stock at such times as he may
determine.
Item 5. Interest in Securities of the Issuer.
Aggregate Number and Percentage of Securities: Mr. King
beneficially owns 63,255 shares of common stock, representing 5.0%
of the Issuer's outstanding Common Stock.
Power to Vote and Dispose: Mr. King has voting and
dispositive power over all shares beneficially owned by him.
Transactions within Past 60 days: Other than the purchases set
forth below, Mr. King has not engaged in any transactions with respect to the
Issuer's securities in the past sixty days.
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|CUSIP NO. 03060F107 | | Page 6 of 7 pages |
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Date Price Shares
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6/5/96 2 9/16 3,000
6/7/96 2 5/8 10,000
6/10/96 2 9/16 5,000
6/14/96 2 9/16 2,000
6/17/96 2 9/16 2,000
6/24/96 2 5/8 2,500
6/27/96 2 5/8 15,000
8/2/96 2 1/8 10,000
8/14/96 2 5/16 3,000
8/15/96 2 5/16 2,000
8/23/96 2 3/8 1,000
8/26/96 2 5/16 7,400
8/27/96 2 5/16 1,000
Certain Rights of Other Persons: Not applicable.
Date Ceased to be 5% Owner: Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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|CUSIP NO. 03060F107 | | Page 7 of 7 pages |
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: September 5, 1996
/s/ Kevin C. King
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Kevin C. King
