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) FEBRUARY 1, 1996
AMERICAN CONSOLIDATED GROWTH CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 0-16447 52-1508578
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(State of incorporation) (Commission File Number) (IRS Employer
ID number)
8100 EAST ARAPAHOE ROAD, SUITE 309, ENGLEWOOD, COLORADO 80112
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303-220-8686
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Item 1. CHANGES IN CONTROL OF REGISTRANT.
See Item 5 below
Item 2. ACQUISITION OR DISPOSITION OF ASSETS.
See Item 5 below
Item 3. BANKRUPTCY OR RECEIVERSHIP.
Not Applicable
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
Not Applicable
Item 5. OTHER EVENTS.
The following persons have been appointed as officers and
directors of the Registrant, following confirmation of acceptance
received by the Company on January 25, 1996:
Mickey E. Fouts, Chairman of the Board of Directors and acting
Chief Executive Officer Greg Bohannon, Chief Financial Officer,
Norman L. Fisher, Vice President and Treasurer, Geoffrey P.
Dawson, Director and Joe Lee, Director. Except as indicated
herein, all other officers and directors retain their prior
positions with the Registrant.
The Board of Directors has established the following committees
following confirmation of acceptance received by the Company on
January 25, 1996:
Audit Committee. Members are Chairman, Mickey E. Fouts and outside
director, Joe Lee. The Company anticipates that a third member
will be added upon expansion of the Board to include one
additional outside director.
Compensation Committee. Members are Chairman Mickey E. Fouts,
outside director, Geoff P. Dawson and Chief Financial Officer,
Greg Bohannon.
Executive Committee. Members are Chairman, Mickey E. Fouts,
director and Treasurer, Norman L. Fisher and Chief Financial
Officer, Greg Bohannon. The Executive Committee anticipates
utilizing Louis F. Coppage as a special consultant to the
Executive Committee.
The Board of Directors has accepted the resignation of Norman L.
Fisher, outgoing Chairman of the Board, President and Chief
Executive Officer, and Gary L. Flater, outgoing Treasurer and
Director, effective immediately. A copy of both resignation
letters are attached. Except as indicated herein, all other
officers and directors retain their prior positions with the
Registrant.
On January 25, 1996, the Company's wholly owned subsidiary,
Eleventh Hour, Inc., received confirmation it had secured the
right to provide temporary placement services to a Fortune 500
company in the short term followed by permanent placement services
over an extended period. Although the arrangement is terminable
upon relatively short notice and management can provide no
assurance such arrangements will be in effect indefinitely, in the
view of management the potential long term economic benefits over
time may be significant and may have a favorable material impact
on the future revenues and earnings of the Company.
Item 6. RESIGNATION OF REGISTRANT'S DIRECTORS.
Not Applicable
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
Not Applicable
Item 8. CHANGE IN FISCAL YEAR.
Not Applicable
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized on this 1st day of February, 1996.
By: /s/ MICKEY E. FOUTS
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Mickey E. Fouts
Chairman and CEO
Dated February 1, 1996