COATES INTERNATIONAL, LTD. (OTCMKTS:COTE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On April 9, 2018, the Registrant’s board of directors elected Mr. Glenn Crocker to its board of directors which fills a current vacancy. He is 69 years old and earned an MBA degree in Engineering Design. Mr. Crocker has been working for most of the past thirty-five years as a designer and design engineer with various vehicle manufacturers including Ford Motor Company, British Leyland, Mercedes Benz, Volvo Cars, Saturn GM, and BMW, among others. At the same time, Mr. Crocker was also elected to serve as Chairperson of the Registrant’s Audit Committee. The registrant is anticipating contributions from Mr. Crocker, based on his extensive engineering background and experience in the automobile industry.
He previously served on the Registrant’s board of directors during the period from October 2007 to June 2009.
ITEM 9.01 Financial Statement and Exhibits.
(a) Financial Statements of Business Acquired.
N/A
(b) Pro Forma Financial Information.
N/A
(c) Exhibits.
| Exhibit No. | Description |
| 99.1 | Press Release dated April 9, 2018. |
COATES INTERNATIONAL LTD DE ExhibitEX-99.1 2 f8k040918ex99-1_coates.htm PRESS RELEASE DATED APRIL 9,…To view the full exhibit click here
About COATES INTERNATIONAL, LTD. (OTCMKTS:COTE)
Coates International, Ltd. is engaged in developing the Coates Spherical Rotary Valve (CSRV) system technology, which is adaptable for use in piston-driven internal combustion engines of various types. The Company’s CSRV Engines produce only ultra-low levels of harmful emissions while in operation. Engines operating on the CSRV system technology can be powered by a selection of fuels. The CSRV system is designed to replace the intake and exhaust conventional poppet valves used in almost all piston-driven stationary, automotive, motorcycle and marine engines. Unlike conventional valves, which protrude into the engine combustion chamber, the Coates rotary valve system utilizes spherical valves that rotate in a cavity formed between an over two-piece cylinder head. The Coates rotary valve system uses approximately 1/10th the moving parts of conventional poppet valve assemblies. The Company has adapted its technology to industrial engines to power electric generators.