SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                             Current Report Pursuant
                          to Section 13 or 15(d) of the
                       Securities and Exchange Act of 1934

       Date of report (Date of earliest event reported) November 15, 1997
                                                        -------------------

                         Arizona Instrument Corporation
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             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
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                 (State or Other Jurisdiction of Incorporation)

               0-12575                                  86-0410138
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      (Commission File Number)             (I.R.S. Employer Identification No.)

  4114 East Wood Street, Phoenix, Arizona                 85040-1941
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 (Address of Principal Executive Offices)                 (Zip Code)

                                 (602) 470-1414
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              (Registrant's Telephone Number, Including Area Code)

Item 5. Other Events.


On November 17, 1997,  Arizona Instrument  Corporation  announced that George G.
Hays,  42, had been  appointed as the Company's  President  and Chief  Executive
Officer, and as a member of the Company's Board of Directors.  Mr. Hays replaced
John P. Hudnall, who previously held those positions.

On November 15, 1997, John P. Hudnall resigned from the Board of Directors.  The
Board of Directors  then  terminated Mr.  Hudnall's  employment as President and
Chief  Executive  Officer of the  Company  pursuant to a  three-year  employment
agreement which became effective June 3, 1996.

Mr. Hays indicated that he looked forward to meeting the challenges of returning
the Company to profitability and increasing shareholder value.

Mr. Hays joined the Company in March 1997 as its Chief  Financial  Officer.  Mr.
Hays has a broad range of  experience  in the  management  and financing of high
technology  companies.  He started  his career as an  investment  banker to high
technology  companies and has served as a Vice President to two publicly  traded
technology  companies.  Most  recently,  Mr.  Hays  worked as a high  technology
investment  banker and  turnaround  manager.  Mr.  Hays  received a Bachelor  of
Science  degree in  Mechanical  Engineering  and a Master of  Science  degree in
Management from the Massachusetts Institute of Technology.

Arizona  Instrument  Corporation,  an  ISO  9001  registered  company,  designs,
manufactures,  and  markets  precision  instruments  used  in  quality  control,
industrial control and environmental monitoring applications.

The statements in this report regarding the  profitability and shareholder value
of the Company are forward- looking  statements,  which are made pursuant to the
safe harbor provisions of the Private Securities  Litigation Reform Act of 1995.
These  forward-looking  statements  involve risks and  uncertainties  that could
cause  actual  results  to  differ  materially.  Factors  that  could  cause  or
contribute to such differences  include,  but are not limited to, the acceptance
and effectiveness of new management.  The  forward-looking  statements should be
considered in light of these risks and uncertainties.
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                                   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.

                                  ARIZONA INSTRUMENT CORPORATION
                                  (Registrant)


November 26, 1997                 By /s/ George G. Hays
                                  -------------------------------------
                                  George G. Hays
                                  President and Chief Executive Officer
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