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): April 30, 2001 American Group Inc. - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Nevada 0-30474 88-0326984 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 10570 Hagen Ranch Road Boynton Beach, FL 33437 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 561-391-5555 ------------------------ - ------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events. ------------- On April 30, 2001 American Group Inc. (the "Company") issued 8,455,206 shares of common stock in exchange for convertible notes and accrued interest totaling $676,416. 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 hereunto duly authorized. AMERICAN GROUP INC. Date: May 14, 2001 By: /s/ ROBERT I. CLAIRE ----------------------- Robert I. Claire President -3-