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

ME Staff 8-k

8 years ago

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

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

Michael F. Sullivan

Terry Gilland

George Stoddard

David Clark

David Hollister

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 30, 2016, at
10:00 am, Pacific Time. At the Annual Meeting, the stockholders:

1. Elected five directors to serve until the 2017 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, 2017.

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		9,874,103			760,242
Terry Gilland		9,968,376			665,969
George Stoddard		10,044,393			589,952
David Clark		10,067,223			567,122
David Hollister		10,064,843			569,502

Broker non-votes for the above were 19,787,226 for all line
items.

2. Ratify Haynie Company PC		For			Against			Withhold/Abstain
			29,791,813				600,942				28,816

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

27,435,526

1,456,739

Broker non-votes for the above was 1,529,006.

4. Advisory note to approve the compensation of the named executive officers.		For			Against			Withhold/Abstain
			27,715,830				1,153,834				22,901

Broker non-votes for the above was 1,529,006.

5. Advisory vote on the frequency of voting on the compensation of the named executive officers.		One Year			Two Years			Three Years			Withhold/Abstain
			5,998,011				1,496,714				2,318,150				821,470

Broker non-votes for the above was 19,787,226.

A total of 30,421,571 shares were represented at the meeting in
person or by proxy, or approximately 71.86% of the total
42,325,287 shares eligible to vote.

For more information on Amerityre, including a copy of the
shareholder presentation from the 2016 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
30, 2016 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 2016 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. AMERITYRE CORPORATION (OTCMKTS:AMTY) Recent Trading Information
AMERITYRE CORPORATION (OTCMKTS:AMTY) closed its last trading session down -0.0006 at 0.0135 with 13,000 shares trading hands.