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, 2017, at 10:00 am, Pacific Time. At the Annual Meeting, the stockholders:
1. Elected five directors to serve until the 2018 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, 2018.
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 named 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
|
7,910,130
|
|
0
|
|
303,322
|
Terry Gilland
|
8,007,549
|
|
0
|
|
205,903
|
George Stoddard
|
7,965,449
|
|
0
|
|
248,003
|
David Clark
|
8,000,000
|
|
0
|
|
213,452
|
David Hollister
|
7,998,999
|
|
0
|
|
214,453
|
Broker non-votes for the above were 19,787,226 for all line items.
|
2. Ratify Haynie& Company PC
|
For
|
|
Against
|
|
Withhold/Abstain
|
|
28,130,126
|
|
57,726
|
|
16,600
|
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
|
|
27,227,424
|
|
965,778
|
|
11,250
|
Broker non-votes for the above was 0.
4. Advisory note to approve the compensation of the named executive officers.
|
For
|
|
Against
|
|
Withhold/Abstain
|
|
7,541,517
|
|
587,735
|
|
84,200
|
Broker non-votes for the above was 19,991,000
5. Advisory vote on the frequency of voting on the compensation of the named executive officers.
|
One Year
|
|
Two Years
|
|
Three Years
|
|
Withhold/Abstain
|
|
5,627,528
|
|
454,045
|
|
2,022,803
|
|
109,076
|
Broker non-votes for the above was 19,991,000.
A total of 28,204,452 shares were represented at the meeting in person or by proxy, or approximately 65.12% of the total
43,312,107
shares eligible to vote.
For more information on Amerityre, including a copy of the shareholder presentation from the 2017 Annual Shareholders meeting, visit the website at www.amerityre.com.