AMERICAN ELECTRIC TECHNOLOGIES, INC. (NASDAQ:AETI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

AMERICAN ELECTRIC TECHNOLOGIES, INC. (NASDAQ:AETI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 4, 2018 American Electric Technologies, Inc. (the “Company”) announced that William Brod has advised the Company of his intention to resign as Senior Vice President, Chief Financial Officer and Secretary of the Company as of December 11, 2018 in order to pursue another career opportunity.

On December 4, 2018 the Company announced the engagement of Don Boyd as Principal Financial Officer as of December 11, 2018. Mr. Boyd, age 68, served as our principal accounting officer from November 2012 to June 2016 when he retired.

There are no arrangements or understandings between Mr. Boyd and any other person to which he was selected as an officer. Mr. Boyd does not have any family relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Boyd has an interest requiring disclosure under Item 404(a) of Regulation S-K.

A summary of the principal terms of Mr. Boyd’s engagement are set forth in Exhibit 99.1 and incorporated by reference herein.

Item 9.01

Financial Statements and Exhibits.

Exhibit

Number

Exhibit

99.1

Summary of Don Boyd engagement.


American Electric Technologies Inc Exhibit
EX-99.1 2 aeti-ex991_14.htm EX-99.1 aeti-ex991_14.htm Exhibit 99.1 SUMMARY OF DON BOYD ENGAGEMENT Start date December 1,…
To view the full exhibit click here

About AMERICAN ELECTRIC TECHNOLOGIES, INC. (NASDAQ:AETI)

American Electric Technologies, Inc. is a provider of power delivery solutions to the global energy industry. The Company serves a range of markets, such as power generation and distribution, oil and gas, and marine and industrial. It provides power delivery solutions for the power generation and distribution market sectors. It works with turbine manufacturers, engine-generator manufacturers and dealers, engineering, procurement and construction (EPC) firms, and high voltage service companies to provide electric power delivery products and solutions. It designs, manufactures, commissions and maintains its equipment for implementation in base-load, peaking power, cogeneration and substation transmission facilities across the world. It provides power delivery solutions for the upstream, midstream and downstream oil and natural gas sectors. Its industrial markets include non-oil and gas industrial markets, such as steel, paper, heavy commercial, and other non-oil and gas applications.

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