UNITED STATES
SECURITIES AND EXCHANGE COMMISION
Washington, D.C.  20549


FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934


February 21, 2011
Date of Report (Date of Earliest Event Reported)


NATIONAL ASSET RECOVERY CORP.
(Exact name of registrant as specified in its charter)


Commission File Number:  333-150135


Nevada			333-150135				04-3526451
(State of other  		(Commission File			(IRS Employer
Jurisdiction of 		Number)				Identification No.)
Incorporation


9000 Burma Road, Suite 103
Palm Beach Gardens, FL  33403
(Address to principal executive offices, including zip code)


(561) 932-1422
(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 obligations of the registrant under
any of the following provisions:

_	Written communications pursuant to Rule 425 under the
	Securities Act (17 CFR 230.425)

_	Soliciting material pursuant to Rule 14a-2 under the
	Exchange Act (17 CFR 210.14a-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))


Forward-Looking Statements

In addition to the historical information contained herein,
this Current Report on Form 8-K contains "forward-looking
statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, as amended, which may include,
but not be limited to statements concerning plans,
objectives, goals, strategies, prospects, revenues,
liquidity and capital resources, financial needs and future
performance, costs and expenditures.  Such statements may be
identified or qualified, without limitation, by words such as
"likely," "will," "suggests," "may," "would," "could,"
"should," "expects," "anticipates," "estimates," "plans,"
"projects," "believes," or similar expression (and
variants of such words or expressions).  Investors are
cautioned that forward-looking statements are inherently
uncertain.  Actual performance, achievements and results
may differ materially from those expressed,
projected, or suggested in the forward-looking statements
due to certain risks and uncertainties, including, but not
limited to, our ability to raise  additional financing or
generate sufficient revenues to support our new business
strategy, our ability to compete with larger competitors,
our dependence on the continued service of our new management,
our ability to expand the market for our services
and the other risks and uncertainties.  The forward-looking
statements contained herein represent our judgment as of the
date of this Current Report on Form 8-K and we caution
readers not to place undue reliance on such statements.


Item 5.02	Departure of Directors and Certain Officers.

On February 21, 2011, and as an ongoing part of the Company's
change in management, Robert J. Kuechenberg voluntary resigned
from his position as a member of the Board of Directors.
The vacancy created by Mr. Kuechenberg's resignation will
be filled either through appointment by a majority of the
remaining Directors or by election at the next annual
meeting of shareholders.  Mr. Kuechenberg's resignation
along with the prior departures of William G. Forhan on
December 21, 2010 and Steven York on January 31, 2011, have
created three open positions on the Board of Directors.
William A. Glynn and Bradley Wilson continue to serve
as Directors of the Company.

At the time of Mr. Kuechenberg's resignation, the Board
of Directors was reviewing certain financial transactions
relating to the Company that were authorized by
William G. Forhan, the Company's former Chief
Executive Officer and Chief Financial Officer,
and possibly others from August 27, 2010 until
December 21, 2010.  As of the date of this
Report, the Board of Directors has not yet completed
its review of these matters.

Item 9.01	Financial Statements and Exhibits

None.


Signature

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.

							NATIONAL ASSET RECOVERY CORP.



Dated:  February 22, 2011		   By:/s/ William A. Glynn
							_________________________________
							Name:  William A. Glynn
							Title: Chief Executive Officer
								 and Chief Financial Officer