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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 27, 2006
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ARABIAN AMERICAN DEVELOPMENT COMPANY
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-6247 75-1256622
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
10830 NORTH CENTRAL EXPRESSWAY, SUITE 175, IRVING, TEXAS 75231
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(Registrant's Telephone Number, Including Area Code): (214) 692-7872
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
In accordance with Article III, Section 2 of the Registrant's By-Laws, and by
unanimous written consent of Registrant's Board of Directors, dated April 27,
2006, Nicholas N. Carter was appointed to be a member of the Board of Directors
of the Registrant on even date therewith. During 2005, South Hampton Resources
Inc. ("South Hampton"), a wholly owned subsidiary of Texas Oil and Chemical Co.
II, Inc. ("TOCCO"), a wholly owned subsidiary of American Shield Refining
Company, a wholly owned subsidiary of the Registrant, incurred product
transportation costs of approximately $507,000 with Silsbee Trading and
Transportation Corp. ("STTC"), a private trucking and transportation carrier in
which Mr. Carter holds a 100% equity interest. Pursuant to a lease agreement,
South Hampton leases transportation equipment from STTC. Approximately 95% of
STTC's income will be derived from such lease arrangement. The term of the lease
agreement runs from January 1, 2004 through December 31, 2008. STTC also entered
into a capital lease with South Hampton for acquisition of a motorized man lift.
At the end of the five year lease period, title to the equipment will be
transferred to South Hampton for a final payment of one dollar.
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SIGNATURE
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.
ARABIAN AMERICAN DEVELOPMENT COMPANY
Date: April 27, 2006 By: /s/ Nicholas Carter
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Nicholas N. Carter, Secretary
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