UNITED STATES 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: March 4, 2008 (Date of earliest event reported) Aspen Racing Stables, Inc. -------------------------- (Exact name of Company as specified in its charter) Nevada 333-141384 98-0517550 - -------------------------------------------------------------------------------- (State or Other Jurisdiction) (Commission File Number) (I.R.S. Employer of Incorporation) Identification) 243 Cranfield Green SE, Calgary, Albert T3M 1C4 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (403) 370-1176 N/A --- (Former name or former address, if changed since last report) |_| Written communication 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 40.13e-4(c)) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective March 4, 2008, Dwight McLellan resigned as an Officer and Director of Aspen Racing Stables, Inc. due to health reasons. Trixy Sasnyiuk-Walt, an officer and director of the Company, took on the additional title of President and Chief Executive Officer of the Company. SIGNATURES Pursuant to the requirement 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. ASPEN RACING STABLES, INC. Date: March 7, 2008 By: /s/ Trixy Sasyniuk-Walt ---------------------------- Trixy Sasyniuk President & Chief Executive Officer