nXp Technologies Normal nXp Technologies 2 0 2003-09-15T20:12:00Z 2003-09-15T20:12:00Z 4 969 5525 nXp Technologies 46 11 6785 9.3821

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

FORM 8-K/A

CURRENT REPORT

~~August~~Date ~~29,~~of ~~2003~~report / (Date of earliest event reported)

May 25, 2006/ May 30, 2006

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

AAmerican ~~Time~~Enterprise ToDevelopment ~~Grow, Inc.~~Corporation (Name of small business issuer in its charter)

Texas
(State or other jurisdiction of incorporation or organization)

Commission File Number: 333-73872

76-0649310

(I.R.S. Employer Identification No.)

1240 Blalock Rd., Ste. ~~170~~150, Houston, Texas (Address of principal executive offices)

77055
(Zip Code)

Issuer's telephone number (713) 266-3700

CURRENT REPORT

FORM 8-kK

Item 13. ~~Changes in Control of Registrant~~02

~~None~~Unregistrered Sales of Equity Securities.

~~Item~~On 2May 25, 2006, the Board of Directors approved the issuance of equity securities under Regulation E provide that management first engage the services of a registered broker/dealer to manage the offering. No ~~Acquisition~~securities orhave ~~Disposition~~been sold at this time and no pricing for the sale of ~~Assets~~the securities has yet been determined.

OnAlso ~~August~~on 29May 25, ~~2003~~2006, the ~~shareholders~~Board of ADirectors ~~Time~~authorized toand ~~Grow,~~approved ~~Inc. voted at~~ the ~~annual~~2006 ~~shareholders~~Stock ~~meeting~~Plan offor ~~the~~Officers, ~~Company~~Directors ~~to acquire all of the issued~~ and ~~outstanding shares of The American Development Fund, Inc~~Consultants. Six ~~for~~million ~~1,000,000~~ shares of ~~the~~ common stock ofare ~~the~~reserved ~~Company.~~for ~~The~~future ~~American~~issuance ~~Development~~under ~~Fund, Inc. provides intellectual capital on investment strategies and~~ the ~~evaluation and structuring of early stage investments~~Plan. The ~~American~~plan ~~Development~~expires ~~Fund,~~after ~~Inc.~~ten ~~will~~years beif ~~a wholly owned subsidiary of~~ the ~~Company~~shares at the close of the transaction. The two principal shareholders in The American Development Fund, Inc. are Jonathan C. Gilchrist and James W. Carroll. Their combined ownership is 95%). Because these two individuals serve as principals and shareholders of our new investment advisor, Goldbridge Capital, LLC (or Goldbridge Capital), we are able to consolidate their focus and resources on the new objectives we have ~~set~~not ~~for~~been ~~ourselves~~allocated ~~through~~by ~~this acquisition. Mr. Gilchrist has served as~~ the ~~Chairman~~Board ~~and President~~ of ADirectors ~~Time~~Compensation ~~to Grow since inception~~Committee.

Item 35.02 ~~Bankruptcy~~Departure of Directors or ~~Receivership~~Principal Officers; Election of Directors; Appointment of Principal Officers.

~~None~~Prior to January 1, 2006, Goldbridge Capital, LLC acted as the contracted Investment Advisor to American Enterprise Development Corp. Effective January 1, 2006, the shareholders of the Corporation elected to become a self-managed fund. Jonathan Gilchrist and James W. Carroll, who were the principals of Goldbridge Capital, also served on the Board of Directors of the Corporation. Since Goldbridge Capital no longer acts as the Investment Advisor to the Company, Mr. James Carroll resigned as a director on May 25, 2006 and Mr. Gilchrist stepped down as our President and Principal Accounting Officer effective June 1, 2006. Neither resigned due to any conflict or disagreement with management or the Company.

~~Item~~Carey 4Kent Williams will replace Mr. ~~Changes~~Gilchrist inas ~~RegistrantÆs~~President ~~Certifying~~of ~~Accountant~~American Enterprise Development Corporation and William Samuel Davis will fill the unexpired term of James Carroll on the Board of Directors.

~~None~~Carey Kent Williams, President, Director. Mr. Williams, age 47, is an experience entrepreneur who bring both strong leadership and diverse skills to American Enterprise Development Corporation. Mr. Williams has been engaged in the development and distribution of specialty beverages since 2000 under the brand names “Pitbull” and “Spike” energy drinks. In 2001, he became Operations Manager for NICO, which manufactured and distributed the “Pitbull” energy drink over an 11 state area. Since May of 2004, Mr. Williams has owned and operated the distribution of Spike Energy Drink. He holds a Masters of Education and a B.S. Degree from Texas Tech University. He played varsity basketball at Texas Tech and was drafted by the Seattle Supersonics of the NBA.

~~Item~~William 5Samuel Davis, Director. Mr. ~~Other~~Davis ~~Events~~is a builder and ~~Regulation~~land FDdeveloper ~~Disclosure~~with operations in Tyler, Texas. In 2005 he co-founded El Pegasu International, Inc. which builds affordable housing in East Texas. Mr. Davis attended Tarleton State University.

~~Change~~Item ~~of Business Plan~~7. At01 a shareholders meeting held on August 29, 2003 the shareholders of A Time to Grow, Inc. voted to abandon the current business plan of the Company and to elect to be regulated as a business development company under the Investment Company Act of 1940. Under this new business plan, the Company will seek to raise up to $5 million dollars under Regulation EFD to be managed as a venture capital fund focused primarily on the needs of small early stage, start up and development stage businesses. Most investments will be made in the form of debt and/or equity investments in private companies and some in public companies with limited liquidity and no ready access to capital. The shareholders voted to grant all rights to the current business model, names and intellectual property to Jonathan Gilchrist in exchange for surrender of the outstanding obligation owed to him by the Company. Disclosures

Investment Advisory Agreement. At a shareholders meeting held on August 29, 2003 the shareholders of A Time To Grow, Inc. voted to approve an Investment Advisory Agreement appointing Goldbridge Capital, LLC as our investment advisor for a term of two years. The Investment Advisory Agreement is attached to this Report as Exhibit 99.1. SIGNATURES

~~Under~~Pursuant to the ~~terms~~requirements of the ~~Investment~~Securities ~~Advisory~~Exchange ~~Agreement,~~Act ~~Goldbridge Capital will be responsible for identifying and evaluating our investment opportunities and for performing due diligence review~~ of ~~these~~1934, ~~opportunities. Goldbridge Capital will make recommendations to~~ the ~~investment~~registrant ~~committee~~has ~~for~~duly ~~investments~~caused ~~they~~this ~~recommend.~~report Asto ~~our~~be ~~investment~~signed ~~advisor,~~on ~~Goldbridge~~its ~~Capital~~behalf ~~will~~by ~~receive~~the aundersigned ~~fee~~hereunto ofduly 1authorized.~~5% of assets under management paid quarterly in arrears and a 10% participation interest in realized returns in excess of a 25% return on assets.~~

~~Reverse~~American ~~Stock~~Enterprise ~~Split. At~~Development a shareholders meeting held on August 29, 2003 the shareholders of A Time To Grow, Inc. voted to reduce the total number of shares issued and outstanding by effecting a reverse split of the shares on a one share for three share basis. The reduction in shares is scheduled to take place on September 25, 2003. This means that for each three shares held, current shareholders of the Company will have one share after the reverse split of the shares.Corporation

~~Change~~___//s// ofCarey ~~Name.~~Kent ~~At a shareholders meeting held on August 29~~Williams, ~~2003~~President ~~the shareholders of A Time to Grow, Inc. voted to amend the Article of Incorporation to change the name of the Company from A Time To Grow, Inc. to the American Enterprise Development Corp.~~

~~Employment~~May ~~Agreement. On August 29~~30, 2003 the Board of Directors of the Company voted unanimously to approve an employment agreement for Jonathan C. Gilchrist to act as our Portfolio Manager as a business development company. The employment agreement is attached to this Current Report as Exhibit 99.2. Under the terms of this Agreement, Mr. Gilchrist will receive a salary of $8,000 per month plus benefits.2006

Item 6. Resignation of RegistrantÆs Directors

None

Item 7. Financial Statements and Exhibits

(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.

As of the date of this Form 8-K, it is impracticable for the Company to file the required financial statements of the acquired business. The Company intends to file such required information with the Securities and Exchange Commission as soon as the financial statements become available but in any event not later than seventy-five days after the consummation of the acquisition.

(b) PRO FORMA FINANCIAL INFORMATION.

As of the date of this Form 8-K, it is impracticable for the Company to file the required pro forma financial information relating to the acquired business. The Company intends to file such information concurrently with the filing of the financial statements discussed above, but no later than seventy-five days after the consummation of the acquisition.

The following exhibits are filed herewith:

Exhibit No. 3.3 û Amended Articles of Incorporation

Exhibit No. 10.6 û Employment Agreement with Jonathan C. Gilchrist effective October 1, 2003.

Exhibit No. 10.7 û Investment Advisory Agreement with Goldbridge Capital, LLC dated September 1, 2003

Item 8. Change in Fiscal Year

None

Item 9. Regulation FD Disclosure

See, Item 5.

Item 10

Amendments to the RegistrantÆs Code of Ethics, or Waiver of a Provision of the Code of Ethics.

None.

Item 11.

Temporary Suspension of Trading Under RegistrantÆs Employee Benefit Plans.

None

Item 12.

Results of Operations and Financial Condition

None

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 hereunto duly authorized.

A Time To Grow, Inc.

___//s// Jonathan C. Gilchrist, President

September 15, 2003

Filing Compare · AMERICAN ENTERPRISE DEVELOPMENT CORP