SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: October 18, 2005
American Racing Capital, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada 000-29057 87-0631750
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4702 Oleander Drive, Suite 200
Myrtle Beach, South Carolina 29577
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (843) 497-7028
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
American Racing Capital, Inc. (formerly Altrimega Health Corporation),
a Nevada corporation ("ARC" or the "Company") entered into a Share Exchange
Agreement, dated October 18, 2005, by and among the Company, ARC Development
Corporation., a Nevada corporation ("ARCD") and the shareholders of ARCD (the
"ARCD Shareholders"). Pursuant to the Share Exchange Agreement, the ARCD
Shareholders exchanged with, and delivered to, ARC the issued and outstanding
common stock of ARCD in exchange for 235,000,000 shares of ARC's common stock,
par value $0.001, and 1,000,000 shares of Series A Convertible Preferred Stock,
par value $0.001 per share, of ARC. As a result of the Share Exchange Agreement,
ARCD will become a wholly-owned subsidiary of the Company.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit Description
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Exhibit 99.1 Share Exchange Agreement, dated October 18, 2005, by and
among the Provided herewith Company, American Racing
Capital, Inc., and the shareholders of American Racing
Capital, Inc.
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 hereunto duly authorized.
American Racing Capital, Inc.,
/s/ John W. Gandy
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Name: John W. Gandy
Title: Chairman and President
Date: October 18, 2005