As Filed with the Securities and Exchange Commission on October 2, 2006 Registration No. 333-89583 ============================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Post-Effective Amendment No. 1 TO FORM S-8 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 THE AMERICAN EDUCATION CORPORATION (Exact name of registrant as specified in its charter) NEVADA 73-1621446 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 7506 N. Broadway Extension, Suite 505 Oklahoma City, Oklahoma 73116 (Address of principal executive offices) The American Education Corporation Stock Option Plan for Employees The American Education Corporation Directors' Stock Option Plan (Full title of the plan) Jeffrey E. Butler President and CEO The American Education Corporation 7506 N. Broadway Extension, Suite 505 Oklahoma City, Oklahoma 73116 (405) 840-6031 (Name, address and telephone number, including area code, of agent for service) ============================================================================ <Page> EXPLANATORY NOTE: DEREGISTRATION OF SECURITIES This Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 filed with the Securities and Exchange Commission on October 22, 1999 (Registration No. 333-89583) (the "Registration Statement") deregisters shares of the common stock of The American Education Corporation (the "Company"), par value $0.50 per share, that had been registered for issuance under the Company's Stock Option Plan for Employees and its Directors' Stock Option Plan that have not been issued. ============================================================================ <Page> SIGNATURES Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this Post Effective Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Oklahoma City, State of Oklahoma, on the 2nd day of October 2006. (Registrant) THE AMERICAN EDUCATION CORPORATION By: /s/ Jeffrey E. Butler -------------------------------- Jeffrey E. Butler President and CEO By: /s/ Neil R. Johnson -------------------------------- Neil R. Johnson Chief Financial Officer Pursuant to the requirements of the Securities Act of 1933, this Post- Effective Amendment No. 1 to the Registration Statement has been signed by the following persons in the capacities and on the 2nd day of October 2006. Signature Title - --------- -------- /s/ Jeffrey E. Butler - ----------------------------- Jeffrey E. Butler Director /s/ Newton W. Fink - ----------------------------- Newton W. Fink Director /s/ Monty C. McCurry - ----------------------------- Monty C. McCurry Director /s/ Stephen E. Prust - ----------------------------- Stephen E. Prust Director