AMERITYRE CORPORATION (OTCMKTS:AMTY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

AMERITYRE CORPORATION (OTCMKTS:AMTY) 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

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In association with Amerityre Corporation’s annual proxy process the following Board Members have been reelected for a 1 year term:

ITEM 5.07 –SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Annual Meeting of Stockholders of Amerityre Corporation (the “Company”) was held in the Company’s office and plant at 1501 Industrial Road, Boulder City, Nevada, on November 28, 2018, at 10:00 am, Pacific Time. At the Annual Meeting, the stockholders:

1. Elected five directors to serve until the 2019 Annual Meeting of Stockholders.

2. Ratified the selection of Haynie& Company PC as the Company’s independent auditor for the Company’s fiscal year ending June 30, 2019.

3.Approved an amendment to the Company’s articles of incorporation to increase the authorized shares from 75,000,000 to 100,000,000.**

4.Approved the compensation of the name executive officers.

5.Requested a vote on officer compensation yearly.

** The execution of this measure also requires the Preferred Shareholder to approve. This approval has not been attained at the time of this filing.

The results of the voting were as follows:

1. Directors

For

Against

Withhold/Abstain

Michael F. Sullivan

8,706,715 305,992

Terry Gilland

8,800,265 280,844

George Stoddard

8,739,157 341,952

David Clark

8,774,745 306,364

David Hollister

8,805,265 275,844

Broker non-votes for the above were 19,181,708 for all line items.

2. Ratify Haynie& Company PC

For

Against

Withhold/Abstain

28,174,471 87,746

Broker non-votes for the above was 0.

3. Increase authorized common stock from 75,000,000 to 100,000,000

For

Against

Withhold/Abstain

28,033,246 293,490 1,650

Broker non-votes for the above was 0.

4. Advisory note to approve the compensation of the named executive officers.

For

Against

Withhold/Abstain

8,545,363 507,796 27,950

Broker non-votes for the above was 19,181,708.

5. Advisory vote on the frequency of voting on the compensation of the named executive officers.

One Year

Two Years

Three Years

Withhold/Abstain

4,541,400 525,343 3,922,882 53,083

Broker non-votes for the above was 19,181,708.

A total of 28,262,817 shares were represented at the meeting in person or by proxy, or approximately 61.93% of the total 45,632,142 shares eligible to vote.

For more information on Amerityre, including a copy of the shareholder presentation from the 2018 Annual Shareholders meeting, visit the website at www.amerityre.com.

ITEM 7.01 –REGULATION FD DISCLOSURE

The Company’s Annual Meeting of Shareholders held on November 28, 2018 in Boulder City, Nevada, included a presentation by the Michael F. Sullivan, CEO and president, along with segments presented by Lynda Keeton-Cardno, CPA, CFO. In the presentation, Mr. Sullivan and Ms. Keeton-Cardno summarized the Company’s business and operational status and discussed strategic and operational plans for the coming year.

For more information on Amerityre and the full presentation from the 2018 Annual Shareholders meeting, visit the website at www.amerityre.com


About AMERITYRE CORPORATION (OTCMKTS:AMTY)

Amerityre Corporation is engaged in the research and development, manufacturing, and sale of polyurethane tires. The Company’s polyurethane material technology is based on two formulations: closed-cell polyurethane foam, a material with high load-bearing capabilities for low duty cycle applications, and Elastothane, a high performance polyurethane elastomer with high load-bearing capabilities for high duty applications. It is focused on three segments of the tire market: closed-cell polyurethane foam tires, polyurethane elastomer industrial tires and tires for agricultural applications. The Company’s brands include Amerityre, Elastothane, Arcus, Atmospheric, Logo, Kik and Kryon. The Company manufactures closed-cell polyurethane foam tires for bicycles, hand trucks, lawn and garden, wheelbarrow, personnel carriers, and medical mobility products. It has developed solid polyurethane industrial tires made of Elastothane. The Company produces over 20 sizes for Class 1, 4 and 5 forklifts.

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