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)
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September 22, 2005
AMERICAN CONSOLIDATED MANAGEMENT GROUP, INC.
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(Exact name of registrant as specified in its charter)
Utah 0-20642 87-0375093
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(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
714 Fairview Road, Greer, South Carolina 29651
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(Address of principal executive offices) (Zip code)
(864) 848-1900
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(Registrant's telephone number, including area code)
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 (see General Instruction A.2.below):
[ ] 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 240.13c-4(c)
This document contains a total of 3 pages.
Item 1.01 Entry into a Material Definitive Agreement
Effective September 22, 2005, American Consolidated Management Group,
Inc. (the "Company") entered into an Employment Agreement with Mr. Ed Rensi
whereby Mr. Rensi was elected to serve as the Chief Executive Officer of the
Company, was appointed to fill an existing vacancy on the Company's Board of
Directors and was elected to act as Chairman of the Board of Directors. Mr.
Rensi was issued 1,000,000 shares of the Company's common stock in consideration
for entering into the Employment Agreement. The Employment Agreement is for a
five year term, with possible renewals thereafter.
Mr. Rensi began his business career with McDonald's as a grill man in
1966. That career continued with McDonald's until 1998. During that time Mr.
Rensi served, among other positions, as Regional Vice-President, Senior
Vice-President/Operations and Training, Senior Executive Vice-President, Chief
Operating Officer Worldwide, and from 1984 until 1998, Mr. Rensi was President
and CEO of McDonald's U.S.A. Mr. Rensi was award the President's Volunteer Award
by President Ronald Reagan. In 1997, he was named Italian-American Man of the
Year. He has served on the boards of Snap On Tools, Jafra Cosmetics and
International Speedway Corporation, and continues in those capacities for Snap
On Tools and International Speedway Corp. He is a graduate of Ohio State
University with a degree in Business Education. Mr. Rensi is a frequent lecturer
covering many topics, including leadership in business. The Company feels that
his addition is a major step in the commercialization of Sunutra(TM) and will
enhance the Company's stature in the food industry. The Company welcomes Mr.
Rensi and looks forward to the future with him. Mr. Rensi will operate out of
his current offices located near Chicago, Illinois.
Mr. Herschel J. Walker, who previously acted as our Chief Executive
Officer, will continue to act as our President and as a director.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
See Item 1.01.
Item 9.01 Financial Statements and Exhibits
a. Financial statements of businesses acquired
Not applicable.
b. Pro forma financial information
Not applicable.
c. Exhibits
Number Description
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10.1 Employment Agreement by and between the Company and
Ed Rensi, dated September 22, 2005 (Incorporated by
reference to Exhibit 4.1 of the Company's
Registration Statement on Form S-8 filed September
22, 2005 (File No. 333-128499)).
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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 CONSOLIDATED MANAGEMENT GROUP, INC.
(Registrant)
Date: September 23, 2005 By /s/ Herschel J. Walker
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Herschel J. Walker
President
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