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 September 26, 1997 Date of Report (Date of earliest event reported) Aviator Ales, Inc. (Exact name of registrant as specified in its charter) Delaware 33-81536-LA 91-1633491 (State or other (Commission (IRS Employer jurisdiction of File No.) Identification No.) incorporation) 14316 NE 203rd St., Woodinville, Washington 98072 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (503) 232-9771 Not applicable (Former name or former address, if changed since last report) Item 5. Other Events Aviator Ales, Inc. announced that it will cease operating effective at the close of business on September 12, 1997. Management cited that United Breweries of America (UBA) has notified the Company that it will not proceed with the planned investment in the consolidated businesses of Aviator Ales, Inc., Nor'Wester Brewing Company, Inc., WVI - Microbreweries across America, Mile High Brewing Company, Inc. and Bayhawk Ales, Inc. UBA's notice indicated that certain closing conditions had not been satisfied as the reason for its decision not to invest. Aviator Ales, Inc., a player in the troubled microbrewing industry, has seen its financial performance decline over the period since the proposed investment agreement was first announced. Aviator's current financial condition precludes it from meeting obligations necessary to continue as a going concern. SIGNATURES 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 thereunto duly authorized. AVIATOR ALES, INC. Date: September 26, 1997 By: /s/ James W. Bernau James W. Bernau President