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): May 21, 2003 ----------------- American Realty Investors, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Nevada 1-15663 75-2847135 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 1800 Valley View Lane, Suite 300, Dallas, Texas 75234 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (469) 522-4200 ITEM 5. OTHER EVENT AND REQUIRED FD DISCLOSURE. The Registrant released the attached press release attached hereto as Exhibit 99.1 on May 23, 2003. 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 REALTY INVESTORS, INC. Date: May 23, 2003 By: /s/ RONALD E. KIMBROUGH ------------------------------------ Ronald E. Kimbrough Ronald E. Kimbrough Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer and Acting Principal Executive Officer)