Heatwurx, Inc. (OTCMKTS:HUWX) 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.

Appointment of Justin Yorke as Director of the Company.

On August 24, 2017, Mr. Justin Yorke was appointed to the Board of Directors of Heatwurx, Inc., (the “Company”).

Mr. Yorke, age 51, has over twenty-five years of experience in finance. Mr. Yorke joined San Gabriel Advisors, a private equity investment fund as a partner over 10 years ago. Mr. Yorke is involved in managing day-to-day activities of San Gabriel Advisors’ investment portfolios and is active on the boards of directors of the portfolios investments. Mr. Yorke is also currently a member of the board of directors of Splash Beverage, a private company. Prior to that, Mr. Yorke was based in Hong Kong where he acted as Fund Manager for Darier Henstch, a private Swiss Bank for over 10 years.

There is no family relationship between Mr. Yorke and the Company’s officers and directors. Mr. Yorke and the Company have not entered into any transaction, nor is any transaction proposed, which would require disclosure to Item 404(a) of Regulation S-K.

Appointment of Christopher Bragg as Director of the Company.

On August 24, 2017, Mr. Christopher Bragg was appointed to the Board of Directors of the Company.

Mr. Bragg, age 34, has over fifteen years of experience in finance. Mr. Bragg joined Arroyo Capital Management, an investment fund manager, as a partner in 2014. From 2012 to 2014, Mr. Bragg was the West Coast operations manager at Empire Capital Management, a technology focused hedge fund. Prior to that Mr. Bragg spent six years between client services, trade support and the settlements desk at Camden Asset Management, a convertible arbitrage hedge fund. He currently serves on the board of directors of publicly traded Two Rivers Water and Farming Company, as well as the board of directors of two non-profit organizations.

There is no family relationship between Mr. Bragg and the Company’s officers and directors. Mr. Bragg and the Company have not entered into any transaction, nor is any transaction proposed, which would require disclosure to Item 404(a) of Regulation S-K.

About Heatwurx, Inc. (OTCMKTS:HUWX)

Heatwurx, Inc. is an asphalt repair equipment and technology company. The Company’s hot-in-place recycling process corrects surface distresses within over three inches of existing pavement by heating the surface material to a temperature between 325 degrees and 375 degrees Fahrenheit with its electrically powered infrared heating equipment, mechanically loosening the heated material with its processor/tiller attachment that is optimized for producing a seamless repair, and mixing in additional recycled asphalt pavement and a binder (asphalt-cement), and then compacting repaired area with a vibrating roller or compactor. The Company develops, manufactures and intends to sell its equipment to federal, state and local agencies, as well as contractors for the repair and rehabilitation of damaged and deteriorated asphalt surfaces. The Company sells its equipment (HWX-30 heater, HWX-30S mobile heater and HWX-AP-40 asphalt processor), as well as certain consumables to third parties.