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
  
                                   August 5, 2002
                 -------------------------------------------------
                 (Date of Report: Date of earliest event reported)
  
  
                                  LEW CORPORATION
  
        (Exact name of registrant as specified in its charter)
  
  
            NEVADA                   0-33341                 87-0436159
  ---------------------------- -----------------------  --------------------
  (State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
   of incorporation)
  
  
  
                6875 Speedway Blvd. U-104, Las Vegas, Nevada 89115
                ---------------------------------------------------
                      (Address of principal executive office)
  
  
  
  Registrant's telephone number, including area code: (702) 644-1656
                                                      --------------
  
  
  
  <PAGE>
  <PAGE> 2
  
                   ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
  
  In May and July 2002, Lew Corporation ("LewCorp") entered into separate
  agreements to sell certain of its assets to Charlie Smith ("Smith") and BM
  Holdings, LLC ("BM Holding"), respectively. Mr. Smith is unaffiliated with
  LewCorp and is the owner and operator of a machine shop located in Las Vegas,
  Nevada.  The equipment acquired from LewCorp by Smith was subject to the liens
  of several finance companies, which liens required regular payment to avoid
  default. Smith assumed LewCorp's obligations with respect to those assets. The
  agreement with BH Holding provided for the assignment of certain patents and
  patent applications along with trademarks and tradenames in exchange for
  $200,000, payable $100,000 on the effective date of the agreement and $100,000
  (of which $78,000 has been paid) within 30 days from the effective date. The
  additional $22,000 due under the agreement has been withheld pending
  satisfaction of any encumbrances associated with the assets being acquired.
  The sale of assets described above was made pursuant to a determination by
  LewCorp's board of directors that such sales were in the best interests of the
  company and its shareholders given the circumstances identified in Item 5 and
  Item 9 of this report.
  
  
                           ITEM 5. OTHER INFORMATION
  
  In November 2001 LewCorp filed a registration statement on Form 10SB with the
  Securities and Exchange Commission (the "SEC") to begin the process of
  becoming an SEC reporting company.  During the course of the SEC's review of
  the Form 10SB, the SEC asked LewCorp to amend the filing to include audited
  historical financial information regarding Lew Composites, Inc. (LewCorp's
  subsidiary acquired by The Polymeric Corporation in October 2000). In
  specific, it was requested that the filing include Lew Composite's audited
  financial statements for the year ended December 31, 1999, the fiscal year end
  prior to the acquisition. During the course of responding to the SEC's
  request, LewCorp discovered that Lew Composites had certain accounting
  discrepancies regarding its liabilities that had not been disclosed by Lew
  Composites or had been misrepresented by Lew Composites at the time of its
  acquisition by The Polymeric Corporation. Accordingly, LewCorp's board of
  directors determined to investigate further in an attempt to clarify the
  appropriate accounting treatment and available options for disposition of the
  assets and the business.  This investigation has delayed LewCorp's completion
  of its response to the SEC's comments as well as the timely filing of Lew's
  quarterly report on Form 10QSB for the period ended March 31, 2002.  LewCorp
  hopes to be able to complete its investigation and to prepare all necessary
  filings as soon as practicable.
  
  Concurrently, LewCorp's board of directors determined that LewCorp's business
  strategy needed to be refocused to take advantage of certain new business
  opportunities in the area of the production of windmill blades and wind power
  technology.  As a result of the new focus and the results of the investigation
  into Lew Composite's prior financial records, in May 2002 LewCorp's board
  determined to transfer certain under-utilized assets to Smith subject to the
  assumption by Smith the liabilities associated with those assets.
  
  During this period, William Watkins, who was appointed interim C.E.O. in July
  2001, resigned his position.  The board of directors determined to leave the
  position vacant and appointed Jason Schiers, President. Further, the board
  authorized Richard A. Steinke, chairman of the board, to seek agreements for
  the disposition of certain of LewCorp's assets (which were not necessary for
  the continuing operation) and utilize the proceeds therefrom for working
  capital to compromise the potential claims of creditors.
  
  <PAGE>
  <PAGE> 3
  
  Pursuant to that authorization, Mr. Steinke negotiated the transfer of assets
  to Smith in exchange for the assumption of the liabilities associated
  therewith and the sale of the intellectual property to BM Holdings.
  
                    ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS
  
  (a) Financial Statements of Businesses Acquired.
  
       Not applicable
  
  (b) Pro Forma Financial Information.
  
       The pro forma financial information required pursuant to Article 11 of
  Regulation S-X in connection with the disposition of assets described in Item
  2 above will be provided by amendment to this filing within 60 days of the
  date of this initial report.
  
                             ITEM 9 - REGULATION FD
  
  In March 2002, Paul Lew was terminated as President of Lew Composites and
  subsequently resigned as a director.  On May 23, 2002, Mr. Lew filed suit in
  the district court of Clark County, Nevada (Dept. No. A451074, Docket No. XIX)
  against LewCorp, its subsidiary Lew Composites, and the directors of LewCorp
  individually.  The suit included a motion to prevent the sale or transfer of
  any of LewCorp's assets via a Writ of Attachment and a further Complaint
  alleging breach of an employment contract, imposition of constructive trust,
  breach of an implied duty of good faith and fair dealing, unjust enrichment,
  intentional and negligent misrepresentation, breach of fiduciary duty, civil
  conspiracy, and failure to pay claims in accordance with NRS 608.  The
  Complaint requests judgment in the amount of $5,000,000 in general damages,
  $15,000,000 in punitive damages, other unspecified special damages, and
  attorneys fees and costs.
  
  LewCorp filed an Answer to the complaint on June 14, 2002 and subsequent
  amended Answer and Counterclaim on June 28, 2002 denying Mr. Lew's allegations
  and alleging that Mr. Lew fraudulently misrepresented his educational
  background, information regarding the quality, performance and testing of
  products he claimed to have developed, and the time he was spending while
  employed by Lew.  The counterclaim further alleges that Mr. Lew breached the
  terms of his employment agreement by failing to perform his duties,
  contractual and tortious breach of the implied covenant of good faith and fair
  dealing, unjust enrichment, converse breach of his fiduciary obligations, and
  misappropriating trade secrets and funds.  The counterclaim requests
  compensatory damages, punitive damages and attorney fees and costs.
  
  At a hearing on August 5, 2002, the court denied the motion for Prejudgment
  Writ of Attachment thereby permitting LewCorp to proceed with the sale of
  assets. LewCorp intends to proceed with its counterclaims against Mr. Lew and
  believes that Mr. Lew's complaint against LewCorp and its directors is
  unfounded and without merit.
  
                                     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, thereunto duly authorized.
  
  LEW CORPORATION
  Date: August 15, 2002                   /S/Richard A. Steinke, Chairman
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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
  
                                   August 5, 2002
                 -------------------------------------------------
                 (Date of Report: Date of earliest event reported)
  
                                  LEW CORPORATION
  
        (Exact name of registrant as specified in its charter)
  
            NEVADA                   0-33341                 87-0436159
  ---------------------------- -----------------------  --------------------
  (State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
   of incorporation)
  
                6875 Speedway Blvd. U-104, Las Vegas, Nevada 89115
                ---------------------------------------------------
                      (Address of principal executive office)
  
  Registrant's telephone number, including area code: (702) 644-1656
                                                      --------------
  2
  
                   ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
  
  In May and July 2002, Lew Corporation ("LewCorp") entered into separate
  agreements to sell certain of its assets to Charlie Smith ("Smith") and BM
  Holdings, LLC ("BM Holding"), respectively. Mr. Smith is unaffiliated with
  LewCorp and is the owner and operator of a machine shop located in Las Vegas,
  Nevada.  The equipment acquired from LewCorp by Smith was subject to the liens
  of several finance companies, which liens required regular payment to avoid
  default. Smith assumed LewCorp's obligations with respect to those assets. The
  agreement with BH Holding provided for the assignment of certain patents and
  patent applications along with trademarks and tradenames in exchange for
  $200,000, payable $100,000 on the effective date of the agreement and $100,000
  (of which $78,000 has been paid) within 30 days from the effective date. The
  additional $22,000 due under the agreement has been withheld pending
  satisfaction of any encumbrances associated with the assets being acquired.
  The sale of assets described above was made pursuant to a determination by
  LewCorp's board of directors that such sales were in the best interests of the
  company and its shareholders given the circumstances identified in Item 5 and
  Item 9 of this report.
  
                           ITEM 5. OTHER INFORMATION
  
  In November 2001 LewCorp filed a registration statement on Form 10SB with the
  Securities and Exchange Commission (the "SEC") to begin the process of
  becoming an SEC reporting company.  During the course of the SEC's review of
  the Form 10SB, the SEC asked LewCorp to amend the filing to include audited
  historical financial information regarding Lew Composites, Inc. (LewCorp's
  subsidiary acquired by The Polymeric Corporation in October 2000). In
  specific, it was requested that the filing include Lew Composite's audited
  financial statements for the year ended December 31, 1999, the fiscal year end
  prior to the acquisition. During the course of responding to the SEC's
  request, LewCorp discovered that Lew Composites had certain accounting
  discrepancies regarding its liabilities that had not been disclosed by Lew
  Composites or had been misrepresented by Lew Composites at the time of its
  acquisition by The Polymeric Corporation. Accordingly, LewCorp's board of
  directors determined to investigate further in an attempt to clarify the
  appropriate accounting treatment and available options for disposition of the
  assets and the business.  This investigation has delayed LewCorp's completion
  of its response to the SEC's comments as well as the timely filing of Lew's
  quarterly report on Form 10QSB for the period ended March 31, 2002.  LewCorp
  hopes to be able to complete its investigation and to prepare all necessary
  filings as soon as practicable.
  
  Concurrently, LewCorp's board of directors determined that LewCorp's business
  strategy needed to be refocused to take advantage of certain new business
  opportunities in the area of the production of windmill blades and wind power
  technology.  As a result of the new focus and the results of the investigation
  into Lew Composite's prior financial records, in May 2002 LewCorp's board
  determined to transfer certain under-utilized assets to Smith subject to the
  assumption by Smith the liabilities associated with those assets.
  
  During this period, William Watkins, who was appointed interim C.E.O. in July
  2001, resigned his position.  The board of directors determined to leave the
  position vacant and appointed Jason Schiers, President. Further, the board
  authorized Richard A. Steinke, chairman of the board, to seek agreements for
  the disposition of certain of LewCorp's assets (which were not necessary for
  the continuing operation) and utilize the proceeds therefrom for working
  capital to compromise the potential claims of creditors.
  3
  
  Pursuant to that authorization, Mr. Steinke negotiated the transfer of assets
  to Smith in exchange for the assumption of the liabilities associated
  therewith and the sale of the intellectual property to BM Holdings.
  
                    ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS
  
  (a) Financial Statements of Businesses Acquired.
  
       Not applicable
  
  (b) Pro Forma Financial Information.
  
       The pro forma financial information required pursuant to Article 11 of
  Regulation S-X in connection with the disposition of assets described in Item
  2 above will be provided by amendment to this filing within 60 days of the
  date of this initial report.
  
                             ITEM 9 - REGULATION FD
  
  In March 2002, Paul Lew was terminated as President of Lew Composites and
  subsequently resigned as a director.  On May 23, 2002, Mr. Lew filed suit in
  the district court of Clark County, Nevada (Dept. No. A451074, Docket No. XIX)
  against LewCorp, its subsidiary Lew Composites, and the directors of LewCorp
  individually.  The suit included a motion to prevent the sale or transfer of
  any of LewCorp's assets via a Writ of Attachment and a further Complaint
  alleging breach of an employment contract, imposition of constructive trust,
  breach of an implied duty of good faith and fair dealing, unjust enrichment,
  intentional and negligent misrepresentation, breach of fiduciary duty, civil
  conspiracy, and failure to pay claims in accordance with NRS 608.  The
  Complaint requests judgment in the amount of $5,000,000 in general damages,
  $15,000,000 in punitive damages, other unspecified special damages, and
  attorneys fees and costs.
  
  LewCorp filed an Answer to the complaint on June 14, 2002 and subsequent
  amended Answer and Counterclaim on June 28, 2002 denying Mr. Lew's allegations
  and alleging that Mr. Lew fraudulently misrepresented his educational
  background, information regarding the quality, performance and testing of
  products he claimed to have developed, and the time he was spending while
  employed by Lew.  The counterclaim further alleges that Mr. Lew breached the
  terms of his employment agreement by failing to perform his duties,
  contractual and tortious breach of the implied covenant of good faith and fair
  dealing, unjust enrichment, converse breach of his fiduciary obligations, and
  misappropriating trade secrets and funds.  The counterclaim requests
  compensatory damages, punitive damages and attorney fees and costs.
  
  At a hearing on August 5, 2002, the court denied the motion for Prejudgment
  Writ of Attachment thereby permitting LewCorp to proceed with the sale of
  assets. LewCorp intends to proceed with its counterclaims against Mr. Lew and
  believes that Mr. Lew's complaint against LewCorp and its directors is
  unfounded and without merit.
  
                                     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, thereunto duly authorized.
  
  LEW CORPORATION
  Date: August 15, 2002                   /S/Richard A. Steinke, Chairman