content: <PAGE>  1
   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 (Date of earliest event reported):
  
  August 19, 1997
  
  
  
  AMERICAN TIRE CORPORATION
  ----------------------------
  (Exact name of registrant as specified in its charter)
  
  
            NEVADA                    33-94318-C             87-0535207
  ---------------------------- -----------------------  --------------------
  (State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
   of incorporation)
  
  
  
  1643 Nevada Highway, Boulder City, Nevada  89005
  -------------------------------------------------
  (Address of principal executive office)
  
  
  
  Registrant's telephone number, including area code: (702) 293-1930
                                                      --------------
  
  446 West Lake Avenue, Ravenna, Ohio  44266
  ------------------------------------------------------------
   (Former name or former address, if changed since last report)
  
  
  
  
  
  
  
  
  
  
  PAGE
  <PAGE> 2
  ITEM 5.  OTHER EVENTS
  
  
       On August 19, 1997, the Registrant entered into an agreement with a 
  principal shareholder and former officer and director, Dennis S. Chrobak 
  ("Chrobak"), to resolve all disputes between them relating to Chrobak's 
  employment and ownership interest in the Registrant.  In connection therewith 
  the Registrant has agreed to pay Chrobak:
  
       1.  $80,000, the amount of Chrobak's accrued salary under his employment 
  agreement, which amount represents the aggregate amount of Chrobak's monthly 
  employment compensation for the period from October 1996 through May 1997;
  
       2.  $30,000, towards the recission and cancellation of an October 1996 
  transaction between the Registrant and Chrobak, wherein the Registrant had 
  issued to Chrobak 15,000 shares of the Registrant's common stock in exchange 
  for cancellation of a promissory note from the Registrant to Mr. Chrobak in 
  the principal amount of $30,000; and
  
       3.  $200,000, towards the purchase and cancellation of 1,255,000 shares 
  of the Registrant's common stock beneficially owned by Chrobak (the "Chrobak 
  Shares").  The Chrobak Shares had been issued to Chrobak in February 1995 in 
  connection with the organization of the Registrant.  The Registrant has agreed 
  pay Chrobak $10,000 per month for 20 consecutive months beginning September 1, 
  1997.
  
       On August 19, 1997, the Registrant had 4,567,248 shares of its common 
  stock issued and outstanding.  After giving effect to the cancellation of the 
  1,270,000 shares of common stock pursuant to the above transaction, the 
  Company will have 3,297,248 shares of common stock outstanding.
  
  
   SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, as 
  amended, the Registrant has duly caused this report to be signed on its behalf 
  by the undersigned hereunder duly authorized.
  
  
  
                                            AMERICAN TIRE CORPORATION
  
  
  
  Date:     August 27, 1997                     /S/Richard A. Steinke
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "CURRENT REPORT ON FORM 8-K", "secsgml_size_bytes": 3068}]
metadata_filer: {"company-data": {"conformed-name": "AMERICAN TIRE CORP", "cik": "0000945828", "assigned-sic": "3011", "irs-number": "870535207", "state-of-incorporation": "NV", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-94318-C", "film-number": "97670873"}, "business-address": {"street1": "1643 NEVADA HIGHWAY", "city": "BOULDER CITY", "state": "NV", "zip": "89005", "phone": "702-293-1930"}, "mail-address": {"street1": "446 WEST LAKE AVENUE", "city": "RAVENNA", "state": "OH", "zip": "44266"}}
text: 1
   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 (Date of earliest event reported):
  
  August 19, 1997
  
  AMERICAN TIRE CORPORATION
  ----------------------------
  (Exact name of registrant as specified in its charter)
  
            NEVADA                    33-94318-C             87-0535207
  ---------------------------- -----------------------  --------------------
  (State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
   of incorporation)
  
  1643 Nevada Highway, Boulder City, Nevada  89005
  -------------------------------------------------
  (Address of principal executive office)
  
  Registrant's telephone number, including area code: (702) 293-1930
                                                      --------------
  
  446 West Lake Avenue, Ravenna, Ohio  44266
  ------------------------------------------------------------
   (Former name or former address, if changed since last report)
  
  PAGE
  2
  ITEM 5.  OTHER EVENTS
  
       On August 19, 1997, the Registrant entered into an agreement with a 
  principal shareholder and former officer and director, Dennis S. Chrobak 
  ("Chrobak"), to resolve all disputes between them relating to Chrobak's 
  employment and ownership interest in the Registrant.  In connection therewith 
  the Registrant has agreed to pay Chrobak:
  
       1.  $80,000, the amount of Chrobak's accrued salary under his employment 
  agreement, which amount represents the aggregate amount of Chrobak's monthly 
  employment compensation for the period from October 1996 through May 1997;
  
       2.  $30,000, towards the recission and cancellation of an October 1996 
  transaction between the Registrant and Chrobak, wherein the Registrant had 
  issued to Chrobak 15,000 shares of the Registrant's common stock in exchange 
  for cancellation of a promissory note from the Registrant to Mr. Chrobak in 
  the principal amount of $30,000; and
  
       3.  $200,000, towards the purchase and cancellation of 1,255,000 shares 
  of the Registrant's common stock beneficially owned by Chrobak (the "Chrobak 
  Shares").  The Chrobak Shares had been issued to Chrobak in February 1995 in 
  connection with the organization of the Registrant.  The Registrant has agreed 
  pay Chrobak $10,000 per month for 20 consecutive months beginning September 1, 
  1997.
  
       On August 19, 1997, the Registrant had 4,567,248 shares of its common 
  stock issued and outstanding.  After giving effect to the cancellation of the 
  1,270,000 shares of common stock pursuant to the above transaction, the 
  Company will have 3,297,248 shares of common stock outstanding.
  
   SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, as 
  amended, the Registrant has duly caused this report to be signed on its behalf 
  by the undersigned hereunder duly authorized.
  
                                            AMERICAN TIRE CORPORATION
  
  Date:     August 27, 1997                     /S/Richard A. Steinke