SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

          (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended April 30, 2000
                                       OR

          ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                        For the transition period from to
                                  ------------

   Commission File Number: 1-4338
                           ------


                              EAC INDUSTRIES, INC.
  ---------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

<TABLE>
<CAPTION>
<S>                                                                               <C>
                 New York                                                         21-0702336
--------------------------------------------                  ------------------------------
(State or other jurisdiction of                               (I.R.S. Employer Identification No.)
incorporation or organization)
</TABLE>

                    2111 CLARIDGE LANE, NORTHBROOK, IL 60062
--------------------------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (847) 509-8657
                (Issuer's telephone number, including area code)

Check  whether the Issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Securities  Exchange  Act of 1934  during the  preceding  12
months (or for such shorter period that the registrant was required to file such
reports),  and (2) has been subject to such filing  requirements for the past 90
days. YES X NO

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

<TABLE>
<CAPTION>
<S>                                                                     <C>
                  Class                                                 Outstanding at April 30, 2000
--------------------------------------------------------------         ----------------------------------------
Common Stock, par value $.10 per share                                         2,885,521 shares

</TABLE>
<PAGE>
                                    - INDEX -
<TABLE>
<CAPTION>

                                                                                                                    Page(s)

PART I.        Financial Information:

ITEM 1.        Financial Statements
<S>                        <C> <C>                                                                                    <C>
               Consolidated Condensed Balance Sheets - April 30, 2000 (Unaudited)
               and January 31, 2000                                                                                   3.

               Consolidated Condensed Statements of Operations (Unaudited) -
               Three Months Ended April 30, 2000 and 1999                                                             4.

               Consolidated Condensed Statements of Cash Flows (Unaudited) -
               Three Months Ended April 30, 2000 and 1999                                                             5.

               Notes to Interim Consolidated Condensed Financial Statements (Unaudited)                               6.


ITEM 2.        Management's Discussion and Analysis or Plan of Operation                                              8.


PART II.       Other Information                                                                                     10.


SIGNATURES                                                                                                           11.

EXHIBITS:

               Exhibit 27 - Financial Data Schedule
</TABLE>
<PAGE>
PART I.  FINANCIAL INFORMATION:

ITEM I.  FINANCIAL STATEMENTS:

                      EAC INDUSTRIES, INC. AND SUBSIDIARIES
                      CONSOLIDATED CONDENSED BALANCE SHEETS

                                   - ASSETS -
<TABLE>
<CAPTION>

                                                                                                 April 30,          January 31,
                                                                                                   2000                2000
                                                                                                  ------              ------
                                                                                                (unaudited)

CURRENT ASSETS:

<S>                                                                                            <C>                 <C>
    Cash                                                                                       $     487,789       $    552,096
    Notes and accounts receivable - net of allowance for doubtful accounts
      of $20,000 at April 30, and January 31, 2000, respectively                                     163,063            159,666
    Inventories                                                                                       95,449             74,746
    Prepaid expenses                                                                                  11,524             22,672
    Due from buyer (Note 2)                                                                          106,423            110,000
                                                                                              --------------      -------------

TOTAL CURRENT ASSETS                                                                                 864,248            919,180
                                                                                              --------------      -------------

PROPERTY, PLANT AND EQUIPMENT, NET                                                                   250,450            260,668
                                                                                              --------------      -------------

OTHER ASSETS:

    Due from buyer (Note 2)                                                                           60,000             60,000
    Costs in excess of net assets acquired - net                                                     144,636            148,233
    Other assets                                                                                       5,184              5,184
                                                                                              --------------      -------------
                                                                                                     209,820            213,417
                                                                                              --------------      -------------

                                                                                                $  1,324,518        $ 1,393,265
                                                                                                ============        ===========

                    - LIABILITIES AND SHAREHOLDERS' EQUITY -

CURRENT LIABILITIES:

    Accounts payable                                                                           $     164,924       $    154,613
    Accrued expenses                                                                                 267,418            279,402
    Long-term liabilities - current portion                                                           12,000             63,436
                                                                                               --------------      -------------

TOTAL CURRENT LIABILITIES                                                                            444,342            497,451
                                                                                              --------------      -------------

LONG-TERM LIABILITIES - NET OF CURRENT PORTION                                                       332,685            319,175
                                                                                              --------------      -------------

COMMITMENTS AND CONTINGENCIES  (Note 4)

SHAREHOLDERS' EQUITY:

    Common stock, $.10 par value; 20,000,000 shares authorized, 2,892,819
      shares issued at April 30, and January 31, 2000                                                289,282            289,282
    Capital in excess of par value                                                                10,546,048         10,546,048
    Accumulated deficit                                                                          (10,239,237)       (10,210,089)
                                                                                              --------------      -------------
                                                                                                     596,093            625,241
    Less: Common stock in treasury, 7,298 shares at cost at
          April 30, and January 31, 2000                                                             (48,602)           (48,602)
                                                                                              --------------      -------------
                                                                                                     547,491            576,639
                                                                                              --------------      -------------

                                                                                                $  1,324,518        $ 1,393,265
                                                                                                ============        ===========
</TABLE>


  The accompanying notes are an integral part of these consolidated statements.
<PAGE>
                      EAC INDUSTRIES, INC. AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                      For The Three Months
                                                                                                        Ended April 30,
                                                                                                  -------------------------
                                                                                                     2000               1999
                                                                                                     --------         --------

<S>                                                                                                  <C>              <C>
NET SALES                                                                                            $376,013         $346,533
                                                                                                     --------         --------

COSTS AND EXPENSES:

    Cost of products sold                                                                             242,755          238,404
    Selling, general and administrative expenses                                                      180,538          143,975
                                                                                                    ---------        ---------
TOTAL COSTS AND EXPENSES                                                                              423,293          382,379
                                                                                                    ---------        ---------

(LOSS) FROM OPERATIONS                                                                                (47,280)         (35,846)
                                                                                                    ---------        ---------

OTHER INCOME (EXPENSES):

    Interest expense                                                                                   (1,558)          (1,478)
    Interest and other income                                                                          19,690            9,017
                                                                                                    ---------        ---------
                                                                                                       18,132            7,539
                                                                                                    ---------        ---------

(LOSS) BEFORE PROVISION FOR INCOME TAXES                                                              (29,148)         (28,307)

    Provision for income taxes                                                                         -               -
                                                                                                    ---------        ---------

(LOSS) FROM CONTINUING OPERATIONS                                                                     (29,148)         (28,307)
                                                                                                    ---------        ---------

DISCONTINUED OPERATIONS (Note 2):

    (Loss) from operations of discontinued subsidiaries - net of taxes                               -                 (34,736)
                                                                                                    ---------        ---------
    Gain on disposal of operating assets of discontinued subsidiary - net of taxes                   -                 240,218
                                                                                                    ---------        ---------
                                                                                                     -                 205,482
                                                                                                    ---------        ---------

NET INCOME (LOSS)                                                                                    $(29,148)        $177,175
                                                                                                    =========        =========

BASIC INCOME (LOSS) PER SHARE (Note 3):

    Continuing operations                                                                            $(.01)           $(.01)
    Discontinued operations                                                                              -              .07
                                                                                                    ---------        ---------
                                                                                                     $(.01)           $ .06
                                                                                                    =========        =========


WEIGHTED AVERAGE COMMON SHARES OUTSTANDING                                                          2,885,521        2,885,521
                                                                                                    =========        =========

</TABLE>
  The accompanying notes are an integral part of theseconsolidated statements.
<PAGE>
                      EAC INDUSTRIES, INC. AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                         For The Three Months
                                                                                                              Ended April 30,
                                                                                                    -------------------------
                                                                                                       2000              1999
                                                                                                    ---------        ---------

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS:

CASH FLOWS FROM OPERATING ACTIVITIES:

<S>                                                                                                  <C>             <C>
    Net income (loss)                                                                                $  (29,148)     $ 177,175
    Adjustments to reconcile net income (loss) to cash used by operating activities:
       Depreciation and amortization                                                                     13,816         15,137
       Gain on sale of assets                                                                          -              (238,435)
    Change in assets and liabilities:
       Decrease (increase) in accounts and notes receivable                                               2,523        (56,356)
       (Increase) decrease in inventories                                                               (20,703)       164,984
       (Increase) in prepaid expenses and other assets                                                   (5,693)        (5,684)
       (Decrease) in accounts payable, accrued expenses
          and accrued income taxes                                                                      (12,580)      (117,135)
                                                                                                    -----------     ----------
         Net cash (used) by operating activities                                                       ( 51,785)       (60,314)
                                                                                                    -----------     ----------

CASH FLOWS FROM INVESTING ACTIVITIES:

    Proceeds from sale of assets                                                                          3,577        200,000
    Capital expenditures                                                                              -                 (6,926)
                                                                                                    -----------     ----------
         Net cash provided by investing activities                                                        3,577        193,074
                                                                                                    -----------     ----------

CASH FLOWS FROM FINANCING ACTIVITIES:

    Payments of long-term debt                                                                          (16,099)        (3,909)
                                                                                                    -----------     ----------
         Net cash (used) by financing activities                                                        (16,099)        (3,909)
                                                                                                    -----------     ----------

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                                    (64,307)       128,851

CASH AND CASH EQUIVALENTS, AT BEGINNING OF YEAR                                                         552,096        467,910
                                                                                                    -----------    -----------

CASH AND CASH EQUIVALENTS, AT END OF PERIOD                                                          $  487,789    $   596,761
                                                                                                     ==========    ===========

</TABLE>
  The accompanying notes are an integral part of these consolidated statements.

<PAGE>
                      EAC INDUSTRIES, INC. AND SUBSIDIARIES
          NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE   1   -    BASIS OF PRESENTATION:

                In the opinion of management, the accompanying unaudited interim
                consolidated  condensed financial  statements of EAC Industries,
                Inc.  (the   "Company")  and  its   subsidiaries,   contain  all
                adjustments  necessary  (consisting of normal recurring accruals
                or adjustments  only) to present fairly the Company's  financial
                position as of April 30, 2000 and the results of its  operations
                and cash flows for the three month  periods ended April 30, 2000
                and 1999.

                The accounting policies followed by the Company are set forth in
                Note  3  to  the  Company's  consolidated  financial  statements
                included in its Annual  Report on Form 10-KSB for the year ended
                January 31, 2000,  which is  incorporated  herein by  reference.
                Specific  reference is made to this report for a description  of
                the Company's securities and the notes to consolidated financial
                statements.

                The results of operations for the three-month period ended April
                30,  2000 are not  necessarily  indicative  of the results to be
                expected for the full year.

NOTE   2   -    DISCONTINUED OPERATIONS:

                On  March  1,  1999,  the  Company  completed  the  sale  of the
                operating assets of Goodren Products Corporation ("Goodren") for
                a price of $400,000  plus the  assumption  of all trade  payable
                liabilities.  The payment terms are as follows:  (i) $200,000 at
                closing,  (ii)  $30,000 to be paid 180 days after  closing  plus
                interest  accrued  at an annual  rate of 7% (iii)  $50,000 to be
                paid 360 days after closing plus  interest  accrued at an annual
                rate of 7%, (iv) $60,000 to be paid 540 days after  closing plus
                interest  accrued at an annual rate of 7% (v) $60,000 to be paid
                720 days after closing plus  interest  accrued at an annual rate
                of 7%.

NOTE   3   -    EARNINGS (LOSS) PER SHARE:

                Earnings  per  share  has  been  computed  on the  basis  of the
                weighted average number of common shares outstanding during each
                period presented,  in accordance with the provisions of SFAS No.
                128.


<PAGE>
                      EAC INDUSTRIES, INC. AND SUBSIDIARIES
          NOTES TO INTERIM CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE   4   -    CONTINGENCY:

                Goodren  withdrew  from  participating  in the District 65 Union
                Pension  Plan (the  "Plan").  This  withdrawal  resulted  in the
                assessment  of a  withdrawal  liability  owed  to  the  Plan  by
                Goodren.  During the year ended  January 31,  1995,  the Company
                accrued a reserve for an estimated  liability of $560,000  which
                counsel to the Company  believed  would be payable over a period
                of approximately 22 years beginning  approximately one year from
                the  withdrawal  date. In March of 1996,  the Company  signed an
                agreement  with the  Plan  whereby  they  would  make  quarterly
                payments  of $7,548.  At  September  30,  1996,  the Company and
                Goodren entered into a Settlement Agreement with the Trustees of
                the union pension plan whereby  Goodren's pension fund liability
                was reduced to $360,000  payable in 80 equal quarterly  payments
                of $8,752 including annual interest at a rate of 8%. The Company
                applied  for  relief  as  a  "hardship  case"  pursuant  to  the
                Settlement  Agreement,  and  received  approval  to  reduce  its
                quarterly  obligations  to $3,000 until such time as the Company
                is out of hardship. As of January 31, 1999, the Company recorded
                a write-down  of $200,000 in order to reflect this  liability at
                its fair  value  of  $149,379.  The  Company  continues  to make
                quarterly payments of $3,000.


<PAGE>
ITEM 2.       MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION:

              Introduction:

              EAC  Industries,  Inc.,  the  Company,  is  a holding company with
              currently  one operating  subsidiary,  Flexible Printed  Products,
              Inc.  ("Flexible").   Flexible  produces  and  prints on  plastic,
              pre-cure in-mold heat  transfer labels for the  identification and
              decoration of rubber  and  silicone hoses, belts and tire patches.

              On March 1, 1999, the Company  completed the sale of the operating
              assets of Goodren Products Corporation ("Goodren"), a wholly-owned
              subsidiary  of the  Company,  for a price  of  $400,000  plus  the
              assumption  of all trade payable  liabilities.  Goodren was in the
              business of designing and providing point-of-purchase  advertising
              displays and wall decorations on semi-durable plastic.

              The  financial   information   presented  herein   includes:   (i)
              Consolidated  condensed  balance  sheets as of April 30,  2000 and
              January  31,  2000;  (ii)  Consolidated  condensed  statements  of
              operations  for the three month  periods  ended April 30, 2000 and
              1999 and (iii) Consolidated condensed statements of cash flows for
              the three month periods ended April 30, 2000 and 1999.

              Results of Continuing Operations:

              Sales  for the  three-month  period  ended  April  30,  2000  were
              $376,000 as compared to $347,000 for the comparable  period of the
              prior year,  reflecting an increase of $29,000. Cost of sales as a
              percentage  of sales was 64.6% for the  three-month  period  ended
              April 30,  2000 as compared  to 68.8% for the  three-month  period
              ended April 30, 1999.

              Selling,  general and administrative expenses increased by $37,000
              (from $144,000 to $181,000) when comparing the three-month periods
              ended April 30, 2000 and 1999.

              For the three  months  ended  April 30,  2000 and 1999 the Company
              reflected  a net loss from  continuing  operations  of $29,148 and
              $28,307, respectively.


<PAGE>
              Discontinued Operations:

               On March 1, 1999, the Company completed the sale of the operating
              assets of Goodren Products Corporation  ("Goodren") for a price of
              $400,000 plus the assumption of all trade payable liabilities. See
              Note 2 of Notes to the  Consolidated  Financial  Statements  for a
              further description of these transactions.

              For the quarter ended April 30, 1999, Goodren reported a loss from
              operations  of  $34,736.  The gain  realized  from the sale of the
              assets of Goodren during that period aggregated $240,218.

              Liquidity and Capital Resources:

              At April 30,  2000,  the  Company's  working  capital was $420,000
              compared to working  capital of $422,000 at its year ended January
              31, 2000.  Cash amounted to $488,000 at April 30, 2000 compared to
              $552,000 at January 31, 2000.

              The Company  believes  that its cash on hand will be sufficient to
              fund planned operations for at least the next 12-month period. The
              Company (primarily  Flexible) has no planned capital  expenditures
              for the next year.

              Other:

              This report  contains  forward-looking  statements and information
              that is based on management's beliefs and assumptions,  as well as
              information  currently available to management.  When used in this
              document,  the words "anticipate,"  "estimate," "expect," "intend"
              and similar  expressions are intended to identify  forward-looking
              statements.  Although the Company  believes that the  expectations
              reflected in such  forward-looking  statements are reasonable,  it
              can give no  assurance  that such  expectations  will  prove to be
              correct.   Such   statements   are   subject  to  certain   risks,
              uncertainties  and assumptions.  Should one or more of these risks
              or uncertainties materialize, or should the underlying assumptions
              prove  incorrect,  actual results may vary  materially  from those
              anticipated, estimated or expected. Among the key factors that may
              have a direct  bearing  on the  Company's  operating  results  are
              fluctuations in the economy, the degree and nature of competition,
              the risk of delay in product  development  and  release  dates and
              acceptance of, and demand for, the Company's products.
<PAGE>
                           PART II. OTHER INFORMATION

Item 1.       Legal Proceedings

              None

Item 2.       Changes in Securities

              None

Item 3.       Defaults upon Senior Securities

              None

Item 4.       Submission of Matters to a Vote of Security Holders

              None

Item 5.       Other Information

              None

Item 6.       Exhibits and Reports

         (a)     Exhibits:

                 (27)     Financial Data Schedule


<PAGE>
                                   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 thereunto duly authorized.

                                                     EAC INDUSTRIES, INC.

                                                     Registrant

                                           /s/ Peter B. Fritzsche
Date: June 14, 2000                            Peter B. Fritzsche
                                           Chief Executive Officer and Principal
                                           Accounting Officer