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): ~~July~~September 2030, 2010

AMERICAN CONSUMERS, INC.

(Exact name of registrant as specified in its charter)

Georgia	~~0-5815~~	580-~~1033765~~5815	58-1033765
(State or other jurisdiction of incorporation)	~~(Commission File Number)~~	(~~I.R.S.~~Commission ~~Employer~~File ~~Identification No.~~Number)	(I.R.S. Employer Identification No.)
55 Hannah Way, Rossville, Georgia			30741
(Address of principal executive offices)			(zip code)

55 Hannah Way, Rossville, Georgia	30741
(Address of principal executive offices)	(zip code)

Registrant’s telephone number, including area code: (706) 861-3347

	N/A
	(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 (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 25.0307. ~~Creation~~Submission of aMatters ~~Direct~~to ~~Financial~~a ~~Obligation~~Vote ~~or an Obligation under an Off-Balance Sheet Arrangement~~ of aSecurity ~~Registrant~~Holders.

On ~~July~~September 2030, 2010, ~~the~~American ~~Company executed a new $45~~Consumers,~~000~~ ~~promissory~~Inc. ~~note~~ (the “~~Note~~Company”) toheld ~~provide~~its ~~financing~~2010 ~~for~~Annual aMeeting ~~portion~~ of ~~the $58~~Shareholders,~~161~~ ~~purchase~~at ~~and~~which ~~installation~~shareholders ~~cost~~were ~~for~~asked ~~new~~to ~~hand-held~~vote ~~price~~on ~~scanning guns that~~ the ~~Company~~election ~~had~~of todirectors ~~purchase~~for tothe ~~replace~~fiscal ~~older,~~year ~~refurbished~~ending ~~equipment,~~ in ~~order~~2011. Proxies towere ~~maintain~~solicited ~~the~~by ~~necessary~~management ~~compliance~~in ~~with~~favor ~~the~~of ~~Payment~~six ~~Card~~nominees, ~~Industry~~with ~~Data~~no ~~Security~~solicitation ~~Standard~~in ~~(“PCI~~opposition ~~compliance”)~~to ~~for~~management’s ~~the~~nominees. All ~~processing~~ of ~~debit~~such ~~and~~nominees ~~credit~~were ~~card~~elected, ~~transactions. The~~with ~~remaining~~the ~~cost~~number of ~~the~~votes ~~equipment~~cast ~~was~~for, ~~funded~~against, ~~from~~or ~~working~~withheld ~~capital. The~~as ~~Note~~well ~~was~~as ~~entered~~the ~~into~~number ~~with~~of ~~the~~broker ~~Company’s~~non-votes ~~principal~~as ~~lender,~~to ~~Gateway~~each ~~Bank~~nominee &having ~~Trust~~been ~~Company~~as ~~(“Gateway”).~~follows:

The Company paid origination fees to Gateway of $450 in connection with this funding. The Note must be repaid in thirty-six (36) monthly payments of $1,381.34, beginning on August 20, 2010 with final payment due on July 20, 2013, bears interest at a fixed rate of 6.5% per annum, and is secured by a first priority lien on the new equipment in addition to being cross-collateralized and cross-defaulted with the Company’s other existing indebtedness to Gateway. It includes affirmative and negative covenants and Events of Default which are customary for this type of indebtedness and the related security documents require the Company to provide insurance on the equipment.

NOMINEE	TOTAL SHARES VOTED	VOTES CAST FOR	VOTES CAST AGAINST	VOTES WITHHELD	BROKER NON-VOTES
Paul R. Cook	540,572	540,572	0	0	0
Michael Todd Richardson	540,572	540,572	0	0	0
Virgil E. Bishop	540,572	540,572	0	0	0
Andrew V. Douglas	540,572	540,572	0	0	0
Thomas L. Richardson	540,572	540,572	0	0	0
Danny R. Skates	540,572	540,572	0	0	0

~~The~~No ~~foregoing~~other ~~description~~matters ofwere ~~the~~submitted ~~Note~~for ~~and~~a ~~the~~vote ~~related security documents is qualified~~ by ~~reference to~~ the ~~full~~Company’s ~~text~~shareholders ofat the ~~documents,~~2010 ~~which~~Annual ~~are filed as exhibits to this Report~~Meeting.

Item 9.01. Financial Statements and Exhibits

The following Exhibits are filed pursuant to Item 9 of this Report:

Exhibit No.	Description
10.61	Promissory Note for $45,000 between the Company and Gateway Bank & Trust Company, dated as of July 20, 2010. Filed herewith.
10.62	Commercial Security Agreement between the Company and Gateway Bank & Trust Company related to the $45,000 Promissory Note dated as of July 20, 2010. Filed herewith.

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 CONSUMERS, INC.
Date: October 5, 2010	AMERICAN CONSUMERS, INC.
Date: July 26, 2010	By:	/s/ Paul R. Cook
	By:	/s/ Paul R. Cook
		Paul R. Cook
		Chief Executive Officer and Chief Financial Officer

Filing Compare · AMERICAN CONSUMERS INC