N-VIRO INTERNATIONAL CORPORATION (OTCMKTS:NVIC) 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 21, 2016, Gene K. Richard, a member of N-Viro International Corporation’s (the “Company”) Board of Directors, submitted his resignation to the Board of Directors effective immediately and ceased to be a Director of the Company. His resignation was not the result of any dispute or disagreement with the Company. Dr. Richard was a Class II director and was the Chairman of the Compensation Committee as well as a member of the Nominating Committee. Dr. Richard had served as a Director since April 2014. As of the date of this filing, the Company has not nominated his replacement to the Board.
After this resignation, the Board consists of four Directors – two Class I and two Class II Directors.
Prior to the filing, Dr. Richard was provided a copy of this Form 8-K for his review.
About N-VIRO INTERNATIONAL CORPORATION (OTCMKTS:NVIC)
N-Viro International Corporation is focused on marketing its N-Viro Fuel technology, which produces a renewable alternative fuel product out of certain bio-organic wastes. The Company owns and licenses the N-Viro Process, which is a technology to treat and recycle wastewater sludge and other bio-organic wastes. The N-Viro Process utilizes certain alkaline by-products produced by the cement, lime, electric utilities and other industries. Its N-Viro Fuel technology converts waste products being landfilled or land applied into renewable energy solutions. The Company is engaged in production at its biosolids processing facility in Polk County (Bradley) Florida. The N-Viro Process is commercially utilized for the recycling of wastewater sludge from municipal wastewater treatment facilities. N-Viro Fuel is manufactured by blending the waste materials with one or more alkaline products, followed by thorough drying of the mixture using a thermal evaporative process. N-VIRO INTERNATIONAL CORPORATION (OTCMKTS:NVIC) Recent Trading Information
N-VIRO INTERNATIONAL CORPORATION (OTCMKTS:NVIC) closed its last trading session up +0.0030 at 0.0520 with 3,100 shares trading hands.