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<head>
<title>AMIN</title>
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<div>

<table border="0" width="100%" cellspacing="0" cellpadding="0" height="188">
  <tr>
    <td width="100%" colspan="2" height="1"><p class="MsoNormal" align="center"
    style="text-align:center"><font size="4"><b>UNITED STATES</b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="28"><font size="4"><b>&nbsp;&nbsp; </b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="1"><p class="MsoNormal" align="center"
    style="text-align:center"><font size="4"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="1"><p class="MsoNormal" align="center"
    style="text-align:center">&nbsp; </td>
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  <tr>
    <td width="100%" colspan="2" height="1"><p align="center"><font size="4"><b>Washington, DC
    20549</b></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25">&nbsp;&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25"><p align="center"><font face="Times New Roman"
    size="3">REGISTRATION STATEMENT</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25"><font face="Times New Roman" size="3"><p
    align="center"></font><font size="3">ON FORM S-8</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25"><font face="Times New Roman" size="3"><p
    align="center"></font><font size="3">UNDER THE SECURITIES ACT OF 1933</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25">&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="26"><p align="center"><font size="3"><strong><u>American
    International Industries, Inc.</u></strong></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="21"><p align="center"><font size="2">(Exact name of
    Registrant as specified in its charter)</font></td>
  </tr>
  <tr>
    <td width="50%" height="25">&nbsp; </td>
    <td width="50%" height="25">&nbsp; </td>
  </tr>
  <tr>
    <td width="50%" height="25"><p align="center"><font size="3"><strong><u>Nevada</u></strong></font></td>
    <td width="50%" height="25"><p align="center"><font size="3"><strong><u>88-0326480</u></strong></font></td>
  </tr>
  <tr>
    <td width="50%" height="1"><p align="center"><font size="2">(State of Incorporation)</font></td>
    <td width="50%" height="1"><p align="center"><font size="2">(IRS Employer Identification
    Number)</font></td>
  </tr>
  <tr>
    <td width="50%" height="25">&nbsp;&nbsp; </td>
    <td width="50%" height="25">&nbsp; </td>
  </tr>
  <tr>
    <td width="50%" align="center" height="25"><u>601 Cien Street, Suite 235, Kemah TX</u></td>
    <td width="50%" height="25"><p align="center"><u>775656</u></td>
  </tr>
  <tr>
    <td width="50%" align="center" height="21"><p align="center"><font size="2">(Address of
    Principal Executive Offices)</font></td>
    <td width="50%" height="21"><p align="center"><font size="2">(Zip Code)</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25">&nbsp;&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"><font size="3"><strong><u>2003
    Employee Benefit Plan</u></strong></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"><font size="2">(Full title of the
    plan)</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"><font size="3"><strong><u>Daniel
    Dror, 601 Cien Street, Suite 235, Kemah TX 775656 - 281-334-9479</u></strong></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"><font size="2">(Name, address and
    telephone number of agent for service)</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25"><p align="center"><font size="2"><u>Approximate
    Date of Commencement of Proposed Sales under the Plan:</u></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="21"><p class="MsoNormal" align="center"
    style="text-align:center"><font size="2">As soon as practicable after this Registration
    Statement becomes effective</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" height="25">&nbsp;&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"><font size="2">Total Number of
    Pages: 7</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="2" align="center" height="25"><font size="2">Exhibit Index
    begins on sequentially numbered page: 4</font></td>
  </tr>
</table>

<p align="center">Calculation of Registration Fee</p>

<table border="0" width="100%" cellspacing="0" height="56">
  <tr>
    <td width="26%"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0)" height="2"><font
    size="2">Title of Securities to be Registered</font></td>
    <td width="15%" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0)" height="2"><font
    size="2">Amount to be Registered</font></td>
    <td width="23%" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0)" height="2"><font
    size="2">Proposed Maximum Offering Price per Share</font></td>
    <td width="22%" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0)" height="2"><font
    size="2">Proposed Maximum Aggregate Offering Price</font></td>
    <td width="14%" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-right: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0)"
    height="20"><font size="2">Amount of Registration Fee</font></td>
  </tr>
  <tr>
    <td width="26%"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"
    height="2"><font size="2">Common Stock par value $.001</font></td>
    <td width="15%" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"
    height="2"><font size="2">100,000</font></td>
    <td width="23%" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"
    height="2"><font size="2">$2.70</font><font size="1">(1)</font></td>
    <td width="22%" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"
    height="2"><font size="2">$270,000</font></td>
    <td width="14%" align="center" style="border: 1px solid rgb(0,0,0)" height="2"><font
    size="2" color="#000000">$24.84</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="5" height="1"><font size="2">(1) Estimated solely for the
    purpose of calculating the registration fee, based on the bid price of the Registrant's
    Common Stock on July 25, 2003.</font></td>
  </tr>
</table>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p align="center"><strong>PART I</strong></p>

<p align="center">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</p>

<p style="text-align: justify">ITEM 1. PLAN INFORMATION</p>

<p style="text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The documents containing the information specified in Part I, Items 1 and 2, will be
delivered to each of the participants in accordance with Form S-8 and Rule 428 promulgated
under the Securities Act of 1933. </p>

<p style="text-align: justify">ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL
INFORMATION</p>

<p style="text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The participants shall be provided a written statement notifying them that upon written or
oral request they will be provided, without charge, (i) the documents incorporated by
reference in Item 3 of Part II of the registration statement, and (ii) other documents
required to be delivered pursuant to Rule 428(b). The statement will inform the
participants that these documents are incorporated by reference in the Section 10(a)
prospectus, and shall include the address (giving title or department) and telephone
number to which the request is to be directed.</p>

<p align="center"><strong>PART II</strong></p>

<p align="center">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</p>

<p>ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.</p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By this reference,
the following documents filed by the Registrant with the Securities and Exchange
Commission (the &quot;Commission&quot;) are incorporated into and made a part of this
Registration Statement:</p>

<p><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Registrant's Quarterly Report on Form 10-QSB for the quarters ended March 31, 2002, June
30, 3002, September 30, 2002 and March 31, 2003, as filed with the Commission.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registrant's Annual
Report on Form 10-KSB for the fiscal year ended December 31, 2002, as filed with the
Commission.<br>
The description of the Registrant's Common Stock is set forth in the Registrant's Annual
Report filed with the Commission.</font></p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All documents filed
by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
Exchange Act of 1934, as amended (the &quot;Exchange Act&quot;), subsequent to the date of
this Registration Statement and prior to the filing of a post-effective amendment to this
Registration Statement which indicates that all securities offered hereby have been sold
or which deregisters all securities remaining unsold, shall be deemed to be incorporated
by reference in this Registration Statement and to be a part hereof from the date of
filing of such documents. Any statement contained in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or
in any other subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part
of this Registration Statement.</p>

<p style="text-align:justify">ITEM 4. DESCRIPTION OF SECURITIES.</p>

<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Registrant's Common Stock is registered under Section 12(g) of the Exchange Act.</p>

<p style="text-align:justify">ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL</p>

<p style="text-indent: .5in; text-align: justify">None.</p>

<p style="text-align:justify">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</p>

<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section 78.7502 of the Nevada General Corporation Law allows the Company to indemnify any
person who was or is threatened to be made a party to any threatened, pending, or
completed action, suit, or proceeding by reason of the fact that he or she is or was a
director, officer, employee, or agent of the Company or is or was serving at the request
of the Company as a director, officer, employee, or agent of any corporation, partnership,
joint venture, trust or other enterprise. The Company may advance expenses in connection
with defending any such proceeding, provided the indemnitee undertakes to pay any amounts
if it is later determined that the person was not entitled to be indemnified by the
Company.</p>

<p>ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED</p>

<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p>ITEM 8. EXHIBITS</p>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="7%"><font size="2">Exhibit No.</font></td>
    <td width="93%"><font size="2">Description of Exhibits</font></td>
  </tr>
  <tr>
    <td width="7%"><font size="2">5</font></td>
    <td width="93%"><font size="2">Opinion of Thomas J. Craft, Jr., P.A., regarding legality
    of the securities filed herewith.</font></td>
  </tr>
  <tr>
    <td width="7%"><font size="2">23.1</font></td>
    <td width="93%"><font size="2">Consent of Thomas J. Craft, Jr., P.A., contained in Exhibit
    5 filed herewith.</font></td>
  </tr>
  <tr>
    <td width="7%"><font size="2">23.2</font></td>
    <td width="93%"><font size="2">Consent of R. E. Bassie &amp; Co., Certified Public
    Accountants.</font></td>
  </tr>
  <tr>
    <td width="7%"><font size="2">99.1</font></td>
    <td width="93%"><font size="2">American International Industries, Inc. 2003 Employee
    Benefit Plan</font></td>
  </tr>
</table>

<p style="text-align:justify">ITEM 9. UNDERTAKINGS<br>
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement<br>
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;<br>
(ii) To reflect in the prospectus any facts or events arising after the effective date of
the registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement; and<br>
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement; provided, however, that paragraphs (1)(i) and
(1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Securities and Exchange Commission by the registrant pursuant to section 13 or section
15(d) of the Exchange Act that are incorporated by reference in the registration
statement.</p>

<p style="text-align:justify">(2) That, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide offering thereof.</p>

<p style="text-align:justify">(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the termination of
the offering.<br>
(a) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant's annual report pursuant
to section 13(a) or section 15(d) of the Exchange Act that is incorporated by reference in
the registration statement shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.<br>
(b) Insofar as indemnification for liabilities arising under the Securities Act of 1933
may be permitted to directors, officers and controlling persons of the registrant pursuant
to the foregoing provisions, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling person of
the registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person against the registrant in connection with the
securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication of such
issue.</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p align="center" style="text-align:center">SIGNATURES</p>

<p style="text-align:justify;text-indent:.5in">Pursuant to the requirements of the
Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized on this July 25, 2003.</p>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="100%"><font size="3">American International Industries, Inc.</font></td>
  </tr>
  <tr>
    <td width="100%">/s/ Daniel Dror</td>
  </tr>
  <tr>
    <td width="100%">CEO, President and Chairman</td>
  </tr>
</table>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p align="center">Exhibit 5</p>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="100%"><p align="center"><font size="3"><b>Thomas J. Craft, Jr., P.A.</b></font></td>
  </tr>
  <tr>
    <td width="100%" align="center"><font size="2">102 Seaview Avenue</font></td>
  </tr>
  <tr>
    <td width="100%" align="center"><font size="2">Palm Beach, FL 33480</font></td>
  </tr>
  <tr>
    <td width="100%" align="center"><font size="2">Phone: (561) 543-8356</font></td>
  </tr>
</table>

<p align="center" style="text-align:center">&nbsp;</p>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="100%"><p align="right"><font size="3">July 25, 2003</font></td>
  </tr>
  <tr>
    <td width="100%"><p align="left"><font size="3">U.S. Securities and Exchange Commission</font></td>
  </tr>
  <tr>
    <td width="100%"><font size="3">450 Fifth Street, NW</font></td>
  </tr>
  <tr>
    <td width="100%"><p align="left"><font size="3">Washington, DC 20549</font></td>
  </tr>
</table>

<p align="center" style="text-align:center">&nbsp;</p>

<table border="0" width="100%" cellspacing="0">
  <tr>
    <td width="24%"><p align="right"><font size="3">Re: </font></td>
    <td width="76%"><font size="3">American International Industries, Inc.</font></td>
  </tr>
  <tr>
    <td width="24%"></td>
    <td width="76%"><font size="3">Commission File No. 0-25223</font></td>
  </tr>
  <tr>
    <td width="24%"></td>
    <td width="76%"><font size="3">Registration Statement on Form S-8</font></td>
  </tr>
</table>

<p style="text-align:justify"><font face="Times New Roman" size="3">Gentlemen:</font></p>

<p style="text-align:justify"><font face="Times New Roman" size="3">I have been requested
by </font><font size="3">American International Industries, Inc.</font><font
face="Times New Roman" size="3">(the &quot;Registrant&quot;) to furnish an opinion as to
matters hereinafter set forth in connection with this registration statement on Form S-8
under the Securities Act of 1933, as amended (the &quot;Act&quot;), covering a total of
100,000 shares of common stock to be registered under the Registrant's 2003 Employee
Benefit Plan</font><font size="3">.</font></p>

<p style="text-align:justify"><font face="Times New Roman" size="3">In connection with
this opinion, I have reviewed the filings of the Registrant incorporated by reference in
this registration statement and have determined that the Registrant is current in its
reporting requirements under the Securities Exchange Act of 1934. I have also reviewed
other documents of the Registrant and have further determined that the shares when issued
will have been legally issued, fully paid and non-assessable. Further, the Registrant has
duly authorized the issuance of the shares and the filing of this registration statement
on Form S-8 under the Act. I hereby consent to the inclusion of this opinion in the
registration statement on Form S-8 being duly filed with the Securities and Exchange
Commission.</font></p>

<p style="text-align:justify"><font face="Times New Roman" size="3">Very truly yours,</font></p>

<p style="text-align:justify"><font face="Times New Roman" size="3"><u>/s/ Thomas J.
Craft, Jr., P.A.</u> <u><br>
</u>Thomas J. Craft, Jr., P.A.</font></p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p align="left" style="text-align:center"><font size="3">Exhibit 23.1</font></p>

<p align="center" style="text-align:center"><font size="3">(Contained in Opinion-Exhibit
5.1)</font></p>

<p>Exhibit 23.2</p>

<p ALIGN="CENTER"><u>CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS</u></p>

<table BORDER="0" CELLSPACING="0" BORDERCOLOR="#000000" CELLPADDING="0" WIDTH="100%"
height="0%">
  <tr>
    <td VALIGN="MIDDLE" COLSPAN="2" width="1012"><strong><font size="2">R. E. Bassie &amp; Co.</font></strong></td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE" COLSPAN="2" width="1012"><strong><font size="2"><i>Certified Public
    Accountants</i></font></strong></td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE" COLSPAN="2" width="1012"><font size="2">&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="middle"><font size="2"><p ALIGN="RIGHT">6776 Southwest Freeway,
    Suite 580</font></td>
    <td WIDTH="15%" VALIGN="middle"></td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="middle"><font size="2"><p ALIGN="RIGHT">Houston, Texas 77074-2115</font></td>
    <td WIDTH="15%" VALIGN="middle"></td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="middle"><font size="2"><p ALIGN="RIGHT">Tel: (713) 266-0691 Fax:
    (713) 266-0692</font></td>
    <td WIDTH="15%" VALIGN="middle"></td>
  </tr>
  <tr>
    <td WIDTH="85%" VALIGN="middle"><font size="2"><p ALIGN="RIGHT">E-Mail: Rebassie@aol.com</font></td>
    <td WIDTH="15%" VALIGN="middle"></td>
  </tr>
  <tr>
    <td WIDTH="1012" VALIGN="MIDDLE" colspan="2"><font size="2">&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="1012" VALIGN="MIDDLE" colspan="2"><font size="2">&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="1012" VALIGN="MIDDLE" colspan="2"><font size="2">&nbsp; </font></td>
  </tr>
  <tr>
    <td WIDTH="1012" VALIGN="MIDDLE" colspan="2"></td>
  </tr>
</table>

<table CELLSPACING="0" BORDER="0" WIDTH="100%" height="0%" cellpadding="0">
  <tr>
    <td VALIGN="MIDDLE" width="1009">American International Industries, Inc.</td>
  </tr>
  <tr>
    <td VALIGN="MIDDLE" width="1009">Kemah, TX</td>
  </tr>
</table>

<p ALIGN="JUSTIFY">We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated February 28, 2003, relating to the
consolidated financial statements of American International Industries, Inc., appearing in
the Company&#146;s Annual Report on Form 10-KSB for the fiscal year ended December 31,
2002. </p>
<u>

<p>/s/ R. E. Bassie &amp; Co.<br>
</u>Houston, Texas <u></p>
</u>

<p>July 24, 2003</p>
</div>
</body>
</html>
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{"company-data": {"conformed-name": "AMERICAN INTERNATIONAL INDUSTRIES INC", "cik": "0001073146", "assigned-sic": "6799", "irs-number": "880326480", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-107327", "film-number": "03802661"}, "business-address": {"street1": "601 CIEN ST", "street2": "SUITE 235", "city": "KEMAH", "state": "TX", "zip": "77565-2701", "phone": "2813349479"}, "mail-address": {"street1": "601 HANSON RD", "city": "KEMAH", "state": "TX", "zip": "77565-2701"}}
AMIN
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC
    20549
REGISTRATION STATEMENT
ON FORM S-8
UNDER THE SECURITIES ACT OF 1933
American
    International Industries, Inc.
(Exact name of
    Registrant as specified in its charter)
Nevada
88-0326480
(State of Incorporation)
(IRS Employer Identification
    Number)
601 Cien Street, Suite 235, Kemah TX
775656
(Address of
    Principal Executive Offices)
(Zip Code)
2003
    Employee Benefit Plan
(Full title of the
    plan)
Daniel
    Dror, 601 Cien Street, Suite 235, Kemah TX 775656 - 281-334-9479
(Name, address and
    telephone number of agent for service)
Approximate
    Date of Commencement of Proposed Sales under the Plan:
As soon as practicable after this Registration
    Statement becomes effective
Total Number of
    Pages: 7
Exhibit Index
    begins on sequentially numbered page: 4
Calculation of Registration Fee
Title of Securities to be Registered
Amount to be Registered
Proposed Maximum Offering Price per Share
Proposed Maximum Aggregate Offering Price
Amount of Registration Fee
Common Stock par value $.001
100,000
$2.70
(1)
$270,000
$24.84
(1) Estimated solely for the
    purpose of calculating the registration fee, based on the bid price of the Registrant's
    Common Stock on July 25, 2003.
PART I
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 1. PLAN INFORMATION
The documents containing the information specified in Part I, Items 1 and 2, will be
delivered to each of the participants in accordance with Form S-8 and Rule 428 promulgated
under the Securities Act of 1933.
ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN ANNUAL
INFORMATION
The participants shall be provided a written statement notifying them that upon written or
oral request they will be provided, without charge, (i) the documents incorporated by
reference in Item 3 of Part II of the registration statement, and (ii) other documents
required to be delivered pursuant to Rule 428(b). The statement will inform the
participants that these documents are incorporated by reference in the Section 10(a)
prospectus, and shall include the address (giving title or department) and telephone
number to which the request is to be directed.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
By this reference,
the following documents filed by the Registrant with the Securities and Exchange
Commission (the "Commission") are incorporated into and made a part of this
Registration Statement:
Registrant's Quarterly Report on Form 10-QSB for the quarters ended March 31, 2002, June
30, 3002, September 30, 2002 and March 31, 2003, as filed with the Commission.
Registrant's Annual
Report on Form 10-KSB for the fiscal year ended December 31, 2002, as filed with the
Commission.
The description of the Registrant's Common Stock is set forth in the Registrant's Annual
Report filed with the Commission.
All documents filed
by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), subsequent to the date of
this Registration Statement and prior to the filing of a post-effective amendment to this
Registration Statement which indicates that all securities offered hereby have been sold
or which deregisters all securities remaining unsold, shall be deemed to be incorporated
by reference in this Registration Statement and to be a part hereof from the date of
filing of such documents. Any statement contained in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or
in any other subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to constitute a part
of this Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES.
The Registrant's Common Stock is registered under Section 12(g) of the Exchange Act.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL
None.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 78.7502 of the Nevada General Corporation Law allows the Company to indemnify any
person who was or is threatened to be made a party to any threatened, pending, or
completed action, suit, or proceeding by reason of the fact that he or she is or was a
director, officer, employee, or agent of the Company or is or was serving at the request
of the Company as a director, officer, employee, or agent of any corporation, partnership,
joint venture, trust or other enterprise. The Company may advance expenses in connection
with defending any such proceeding, provided the indemnitee undertakes to pay any amounts
if it is later determined that the person was not entitled to be indemnified by the
Company.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
Exhibit No.
Description of Exhibits
5
Opinion of Thomas J. Craft, Jr., P.A., regarding legality
    of the securities filed herewith.
23.1
Consent of Thomas J. Craft, Jr., P.A., contained in Exhibit
    5 filed herewith.
23.2
Consent of R. E. Bassie & Co., Certified Public
    Accountants.
99.1
American International Industries, Inc. 2003 Employee
    Benefit Plan
ITEM 9. UNDERTAKINGS
(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of
the registration statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the registration statement; and
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such
information in the registration statement; provided, however, that paragraphs (1)(i) and
(1)(ii) do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Securities and Exchange Commission by the registrant pursuant to section 13 or section
15(d) of the Exchange Act that are incorporated by reference in the registration
statement.
(2) That, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the termination of
the offering.
(a) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant's annual report pursuant
to section 13(a) or section 15(d) of the Exchange Act that is incorporated by reference in
the registration statement shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(b) Insofar as indemnification for liabilities arising under the Securities Act of 1933
may be permitted to directors, officers and controlling persons of the registrant pursuant
to the foregoing provisions, or otherwise, the registrant has been advised that in the
opinion of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling person of
the registrant in the successful defense of any action, suit or proceeding) is asserted by
such director, officer or controlling person against the registrant in connection with the
securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication of such
issue.
SIGNATURES
Pursuant to the requirements of the
Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized on this July 25, 2003.
American International Industries, Inc.
/s/ Daniel Dror
CEO, President and Chairman
Exhibit 5
Thomas J. Craft, Jr., P.A.
102 Seaview Avenue
Palm Beach, FL 33480
Phone: (561) 543-8356
July 25, 2003
U.S. Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
Re:
American International Industries, Inc.
Commission File No. 0-25223
Registration Statement on Form S-8
Gentlemen:
I have been requested
by
American International Industries, Inc.
(the "Registrant") to furnish an opinion as to
matters hereinafter set forth in connection with this registration statement on Form S-8
under the Securities Act of 1933, as amended (the "Act"), covering a total of
100,000 shares of common stock to be registered under the Registrant's 2003 Employee
Benefit Plan
.
In connection with
this opinion, I have reviewed the filings of the Registrant incorporated by reference in
this registration statement and have determined that the Registrant is current in its
reporting requirements under the Securities Exchange Act of 1934. I have also reviewed
other documents of the Registrant and have further determined that the shares when issued
will have been legally issued, fully paid and non-assessable. Further, the Registrant has
duly authorized the issuance of the shares and the filing of this registration statement
on Form S-8 under the Act. I hereby consent to the inclusion of this opinion in the
registration statement on Form S-8 being duly filed with the Securities and Exchange
Commission.
Very truly yours,
/s/ Thomas J.
Craft, Jr., P.A.
Thomas J. Craft, Jr., P.A.
Exhibit 23.1
(Contained in Opinion-Exhibit
5.1)
Exhibit 23.2
CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
R. E. Bassie & Co.
Certified Public
    Accountants
6776 Southwest Freeway,
    Suite 580
Houston, Texas 77074-2115
Tel: (713) 266-0691 Fax:
    (713) 266-0692
E-Mail: Rebassie@aol.com
American International Industries, Inc.
Kemah, TX
We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of our report dated February 28, 2003, relating to the
consolidated financial statements of American International Industries, Inc., appearing in
the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31,
2002.
/s/ R. E. Bassie & Co.
Houston, Texas
July 24, 2003