AURA SYSTEMS, INC. (OTCMKTS:AUSI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On March 23, 2018, the Board of Directors of Aura Systems, Inc., a Delaware corporation (the “Company”), appointed Michael Sawruk to fill one of the vacancies on the Board of Directors (the “Board”) of the Company. On March 25, 2018, the Board appointed John M. Cochran and Jeffrey D. Cowan to fill the remaining two vacancies on the Board. It was not determined on which if any committee(s) of the Board Messrs. Sawruk, Cochran or Cowan would serve. There are no arrangements or understandings between Mr. Cochran, Mr. Cowan or Mr. Sawruk and any other persons to which he was selected as a director of the Company, and there are no transactions in which Mr. Cochran, Mr. Cowan or Mr. Sawruk has an interest requiring disclosure under Item 404(a) of Regulation S-K.
About AURA SYSTEMS, INC. (OTCMKTS:AUSI)
Aura Systems, Inc. (Aura) designs, assembles, tests and sells its Axial Flux induction machine (AF) known as the AuraGen for industrial and commercial applications and VIPER for military applications. The Company’s system when applied as a generator uses the engine of a vehicle or any other prime mover to create mechanical energy and the AuraGen converts the mechanical energy to electric power. Its control system is used to deliver such power to the user. When used as an electric motor, its system delivers mechanical power to drive mechanical devices. The Company focuses on mobile power applications and thus the Company requires interface kits to prime movers. In addition the Company has interface kits for numerous model of military HMMWV, as well as other military vehicles. The Company is also working with a number of customers on integrating its AuraGen/VIPER power solution with stand alone engines knows as Auxiliary-Power-Unit (APU) to be used in emergency rescue.
