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 report): December 30, 2005
AMS HEALTH SCIENCES, INC.
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(Exact name of registrant as specified in its charter)
OKLAHOMA 001-13343 73-1323256
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification Number)
incorporation)
711 NE 39th Street, Oklahoma City, OK 73105
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (405) 842-0131
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
Following provisions:
( ) Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
( ) Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17
CFR 240.14a-12(b))
( ) 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))
Information to be Included in the Report
ITEM 5.02. Departure of Directors or Principal Officers; Appointment of
Principal Officers.
Effective as of December 30, 2005, Steven G. Kochen is no longer President of
AMS Health Sciences, Inc. The Company will soon begin an executive search for a
replacement. Until that time, John Hail will act as interim President. Mr. Hail
is the founder, CEO and Chairman of the board of directors of AMS Health
Sciences, Inc.
"We would like to thank Steve for his contributions to AMS Health Sciences, Inc.
during his brief tenure with our company. We wish him good fortune in his future
business endeavors," said CEO John Hail.
On January 4, 2006, Brent Haggard, director of AMS Health Sciences, Inc.,
resigned his position effective immediately. Mr. Haggard also resigned his
position from the Audit Committee and Compensation Committee of the board of
directors. "We would like to thank Brent for his significant contributions to
AMS Health Sciences, Inc.'s board of directors." said CEO John Hail.
ITEM 8.01. Other Events.
Mr. Hail also outlined two major operational plans for 2006 which are designed
to return the Company to profitability. "First we are reducing our overhead
significantly going forward. In 2006, we are targeting cost reductions of
approximately $1,500,000 pre-tax. This includes staff reductions and other
administrative costs. These costs savings, coupled with increasing revenue from
our re-invigorated associate base and an enhanced efficiency from all of our
employees should go far in helping our company to return to profitability." Mr.
Hail also stated, "Next, we are expecting good growth in our independent
associate base due primarily to a combination of the new marketing plan called
Daily Priorities International (DPI) and our high quality line of health and
beauty aid (HBA) products. We are optimistic about sales of our new fast-selling
liquid nutritional supplements, spearheaded by the great tasting and healthy
Prime Delight. Prime Delight is a refreshing pomegranate-based fruit drink with
added adaptogens and coenzymes that offers superior anti-oxidant protection.
Based on the success of the actions we are implementing, we expect to return our
company to successful and profitable operations", John Hail stated.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
AMS HEALTH SCIENCES, INC.
/s/ Robin L. Jacob
By: Robin L. Jacob
Chief Financial Officer