SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 3, 2010
AVSTAR AVIATION GROUP, INC.
(Exact name of registrant as specified in its charter)
Colorado 0-30503 76-0635938
(State or other jurisdiction (Commission File Number) IRS Employer
of incorporation) (IRS Employer ID Number)
3600 Gessner, Suite 220, Houston, Texas 77063
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (281) 710-7103
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
[ ] 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))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On September 3, 2010, AvStar Aviation Group, Inc. ("Registrant") expanded
its Board of Directors from four to five members. Stephen Wood (age 41) was
elected to Registrant's Board of Directors to fill the newly created vacancy.
Mr. Wood will also serve as Registrant's Chief Technology Officer.
For over the past five years, Mr. Wood has acted as an entrepreneur. In
addition to his work on behalf of Registrant, Mr. Wood will continue to hold
positions in three corporations, AmeriMovers Group, Inc. (CEO), Local Media
Group, Inc. (CEO), and AmeriBusiness Products, Inc. (CFO/COO). In 2001 he
launched his first Internet site, AmeriMovers, of more than 150 presently owned.
Shortly thereafter AmeriMovers developed the first movers bidding tool in the
world. During 2006 Local Media Group was formed to become the marketing arm for
AmeriMovers and other Internet ventures. While continuing to make acquisitions
for the AmeriMovers Brand, Mr. Wood established AmeriBusiness Products in 2007.
AmeriBusiness Products, formerly known as AmeriBusiness Forms, holds a large
buyers group contract with more than 20,000 members and clients within major
industries. As CTO of Registrant, Mr. Wood plans to incorporate technology into
Registrant's current business model, streamlining it and expanding it into
Registrant's future acquisitions.
Initially, Mr. Wood is not expected to receive any remuneration for his
service as a director and an officer. As his responsibilities increase and
funds become available therefor, Registrant expects that it will start to pay to
Mr. Wood remuneration commensurate with his position, consistent with any
restrictions imposed by the investors providing additional funds.
The Registrant's Board of Directors has not established any standing
committees, including an Audit Committee, Compensation Committee or a Nominating
Committee. The Board of Directors as a whole undertakes the functions of those
committees. The Board of Directors may establish one or more of these
committees whenever it believes that doing so would benefit the Registrant.
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.
AVSTAR AVIATION GROUP, INC.
Date: September 13, 2010 /s/ Clayton I. Gamber
Clayton I. Gamber,
Chief Executive Officer & Presiden