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: June 29, 1998
COVENTRY INDUSTRIES CORP.
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(Exact name of registrant as specified in its charter)
FLORIDA 000-22653 65-0353816
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
7777 Glades Road, Suite 211
Boca Raton, Fl 33434
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(Address of executive offices and Zip Code)
Registrant's telephone number, including area code: 561-488-4802
not applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
On May 28, 1998, Coventry Industries Corp., a Florida corporation (the
"Company") sold all the issued and outstanding common stock, or 1,000 shares
(the "LPS Shares") of LPS Acquisition Corp., a Florida corporation and wholly
owned subsidiary of the Company prior to such sale ("LPS"), to American Group,
Inc., a Nevada corporation ("American"). As consideration for the LPS Shares,
American transferred to the Company: (i) 75,000 shares of the Company's Series F
Preferred Stock held by American; and (ii) 1,200,000 shares of the common stock
of American. Pursuant to the terms of the agreement between the Company and
American which set forth the terms of the sale, the Company may at its option
invest up to $500,000 in American for the purpose of financing the operations of
LPS.
The Company
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro forma Financial Information.
Not applicable.
(c) Exhibits.
No. Description
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2.1 Agreement between American Group, Inc. and Coventry
Industries Corp. dated may 28, 1998.
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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.
Date: June 29, 1998 By: /s/ Robert Hausman
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Robert Hausman, President and
Chief Executive Officer
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