UNITED STATES

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): ~~February~~June 1121, 2011

American Vantage Companies

(Exact Name of Registrant as Specified in Its Charter)

Nevada	0-10061	04-2709807
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

P. O. Box 81920, Las Vegas, Nevada		89180
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (702) 227-9800

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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 under the Exchange Act (17 CFR 240.14a-12)

□¨ 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))

Item 81.~~01.~~02 Termination ~~Other~~of ~~Events~~a Material Definitive Agreement.

On ~~February~~January 173, ~~2011~~2008, American Vantage Companies ~~issued~~(the a“Company”) ~~press~~purchased ~~release~~a ~~with~~4,045 ~~respect~~square tofoot ~~the~~‘grey-shell’ ~~receipt~~building ofin aLas ~~summons~~Vegas, ~~and~~Nevada ~~complaint~~for ~~concerning~~use as its ~~subsidiary,~~corporate ~~Brownstone,~~office. The ~~LLC~~total cost of $1,452,000 ~~and~~included the ~~Big~~building ~~Sandy~~acquisition ~~Rancheria~~cost ~~Tribe~~and ofbuilding ~~Western~~improvements, ~~Mono~~which ~~Indians~~were completed in July 2008. The Abuilding ~~copy~~acquisition ofcost ~~the~~and ~~press~~building ~~release~~improvements iswere ~~included~~financed aswith ~~Exhibit~~SouthwestUSA 99Bank.1 See tothe ~~this~~Company’s ~~Current~~Form N-CSR “Certified Shareholder Report of Registered Management Investment Companies” filed on ~~Form~~September ~~8-K~~15, 2008 for additional information.

On September 29, 2010 the Company executed a “Change in Terms Agreement” with Plaza Bank, successor in interest to SouthwestUSA Bank. The Change in Terms Agreement provided for (i) an interest-only payment of $9,000 on November 28, 2010; (ii) an interest-only payment of $55,000 on February 28, 2011; (iii) thirty-one monthly principal and interest payments in the amount of $7,000 each, beginning March 28, 2011; and, (iv) one estimated principal and interest payment of $1,073,000 due on October 28, 2013. The Company made no further payments subsequent to the November 28, 2010 obligation.

As recorded in the Office of the Clark County, Nevada Recorder on June 21, 2011, the Company and Plaza Bank entered into an “Agreement to Transfer Property by Deed in Lieu of Foreclosure” (the “Transfer Agreement”). Excluding $1,600 of real property taxes, the Transfer Agreement provides for full satisfaction of the principal and accrued interest totaling approximately $1,200,000 and any other related corporate building obligations.

Effective May 1, 2011, the Company’s corporate office was relocated to approximately 1,900 square feet of office space at 5550 South Fort Apache Road, Suite #102, Las Vegas, Nevada, 89148. The “Commercial Lease Agreement” (the “Lease Agreement”) provides for monthly rental amounts of $2,000 inclusive of taxes, insurance, maintenance and other expenses related to the leased property. The Lease Agreement terminates on December 31, 2011, but at the Company’s discretion, may annually be renewed through December 31, 2012 and 2013 at an escalating lease rental rate.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release issued by American Vantage Companies on February 17, 2011
10.1		Agreement to Transfer Property By Deed in Lieu of Foreclosure, dated June 16, 2011 by Plaza Bank, successor in interest to SouthwestUSA Bank.

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.

	AMERICAN VANTAGE COMPANIES
	(Registrant)
Date: February 17, 2011	By:	/s/ Anna M. Morrison
		Name: Anna M. Morrison Title: Chief Financial Officer

	AMERICAN VANTAGE COMPANIES
	(Registrant)

		Exhibit Index
Date: June 25, 2011	By:	/s/ Ronald J. Tassinari
Exhibit No.		Description
	Name:	Ronald J. Tassinari
99.1		Press Release issued by American Vantage Companies on February 17, 2011
	Title:	Chief Executive Officer

Exhibit Index

Exhibit No.		Description

10.1		Agreement to Transfer Property By Deed in Lieu of Foreclosure, dated June 16, 2011 by Plaza Bank, successor in interest to SouthwestUSA Bank.

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