SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): June 9, 2004
American Entertainment & Animation Corporation
Delaware
(State or Other Jurisdiction of Incorporation)
0-29657 33-0727323
(Commission File Number) (IRS Employer Identification No.)
1121 Steeles Ave. West
Suite 803
Toronto, Ontario, Canada
M2R 3W7
(Address of Principal Executive Offices) (Zip Code)
(416) 661-4989
(Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
Recently, Marc Hazout, the Company's sole director and chief executive
officer, amended certain filings made pursuant to Section 16 of the
Securities Exchange Act of 1934 ("Exchange Act") to correct information
contained in the original filings. Additionally, Mr. Hazout filed a Form
5 disclosing previously undisclosed transactions in 2003, and a Form 4 to
disclose transactions in 2004. The filings reflect that Mr. Hazout
received short-swing profits, as defined in Section 16 of the Exchange
Act, in the amount of $50,495.46. In accordance with court decisions under
Section 16 of the Exchange Act, the amount of Mr. Hazout's short-swing
profits was computed by using the combination of purchase prices and sale
prices within six months of each other that generated the greatest
possible short-swing profit. Mr. Hazout has paid the company the amount
of the short-swing profits by offsetting the amount against amounts due
him by the company.
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 duty authorized.
AMERICAN ENTERTAINMENT & ANIMATION
CORPORATION
Date: June 9, 2004 By: /s/ Marc Hazout
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President and C.E.O.