American Resources Corp 8-K, filed Jul 20, 2020
American Resources Corp (AREC)
8-K
2020-07-20
For: 2020-07-16
View Original
Added on
April 06, 2026
About this 8-K
American Resources Corp filed this 8-K on July 20, 2020, reporting on events of July 16, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of Earliest event Reported): July 16,
2020
AMERICAN RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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Florida
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000-55456
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46-3914127
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(State or other
jurisdiction of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer Identification
No.)
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12115
Visionary Way, Suite 174, Fishers Indiana, 46038
(Address
of principal executive offices)
(317)
855-9926
(Registrant’s
telephone number, including area code)
________________________________________________
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (See: General Instruction
A.2. below):
[
]
Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[
]
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
(17CFR240.14a-12)
[
]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR240.14d-2(b))
[
]
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17CFR240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Effective
July 16, 2020, the Board of Directors (the “Board”) of
American Resources Corporation (or the “Company”)
appointed Michael G. Layman to the Board of Directors, filling a
vacancy on the Board. Mr. Layman will serve as an Independent
Director and a member of the Board’s Audit
Committee.
Mr. Layman currently serves as General Partner/CEO of Emerald
Shoals Targeted Opportunities Fund LP, a hybrid growth fund backed
by a network of ultra-high net worth individuals. Mr. Layman
obtained his Bachelor of Arts degree in business from Otterbein
University.
Mr. Layman will participate in the
Company’s standard independent director compensation
program, as described in the Company’s annual statement filed
with the Securities and Exchange Commission. There is no
arrangement or understanding pursuant to which Mr. Layman was
elected as a director, and there are no related party transactions
between the Company and Mr. Layman that would require disclosure
under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On July
20, 2020, American Resources Corporation issued a press release
regarding Mr. Layman’s appointment to the Company’s
Board of Directors.
The information presented in Item 7.01 of this Current Report on
Form 8-K and Exhibit 99.1 shall not be deemed to be
“filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that
section, unless the Company specifically states that the
information is to be considered “filed” under the
Exchange Act or specifically incorporates it by reference into a
filing under the Securities Act of 1933, as amended, or the
Exchange Act.
A copy
of the press release is attached as Exhibit 99.1 hereto and is
incorporated herein by reference.
Item 9.01 Financial Statements and
Exhibits.
The
following exhibits are attached hereto and filed
herewith.
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ExhibitNo.
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Description
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Press Release Dated July 20, 2020
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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American Resources
Corporation
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Date: July 20,
2020
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By:
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/s/
Mark C.
Jensen
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Mark C.
Jensen
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Chief Executive
Officer
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Exhibit 99.1
American Resources Announces Appointment of Financial Industry
Executive, Michael Layman to Board of Directors
July 20, 2020 | Source: American Resources
Corporation
FISHERS, INDIANA / ACCESSWIRE / July 20, 2020
/ American Resources
Corporation (NASDAQ:AREC)
(“American Resources” or the “Company”), a
supplier of raw materials to the rapidly growing global
infrastructure marketplace, today announced the appointment of
Michael Layman to its Board of Directors as an Independent
Director.
Mark Jensen, Chairman and CEO of American Resources Corporation
commented, “We are thrilled to welcome Michael as a member to
our Board of Directors as well as a recent significant shareholder
of the Company. We believe that his drive to build value for
companies, well-established network within the financial markets
and expertise he has amassed over the course of his career will be
invaluable as we continue to execute on our objectives and work to
unlock the full potential of the Company.”
Mr. Layman is a well-established financial industry executive with
a track record for driving value and growth for both private and
publicly traded companies. Mr. Layman currently serves as General
Partner/CEO of Emerald Shoals Targeted Opportunities Fund LP, a
hybrid growth fund backed by a network of ultra-high net worth
individuals seeking novel opportunities to invest in high-growth
catalyst driven companies. Prior to his current role at Emerald
Shoals, Mr. Layman served at a large top-four brokerage house where
he was co-owner of a private wealth management group where he was
responsible for identifying attractive and undervalued investment
opportunities. Additionally, he also aided in the development and
implementation of various investment strategies based on differing
types of needs from conservative to aggressive growth.
Additionally, Mr. Layman previously worked for a private equity
fund in New York where he established a strong network of
relationships with research analysts and investment bankers at a
number of Wall Street firms. Mr. Layman obtained his Bachelor of
Arts degree in business from Otterbein University.
“I
believe American Resources has tremendous potential as an industry
leader. The management team has continued to show their commitment
to organic growth and unprecedented innovation within the industry.
With the potential I believe this Company will disrupt the industry
and drive significant value, alongside the management team’s
vision and expertise, joining the Board was an opportunity I
couldn’t pass up. I look forward to closely working alongside
the team and leveraging my expertise to create maximum value for
American Resources, as well as its shareholders,” added Mr.
Layman.
American
Resources Corporation is focused on running a streamlined and
efficient operation to economically deliver raw materials products
to meet its customers’ demands. By operating with low or no
legacy costs and having one of the largest growth pipelines in the
industry, American Resources Corporation works to maximize margins
for its investors while being able to scale its operations to meet
the growth of the global infrastructure market.
About American Resources Corporation
American Resources Corporation is a supplier of high-quality raw
materials to the rapidly growing global infrastructure market. The
Company is focused on the extraction and processing of
metallurgical carbon, an essential ingredient used in steelmaking.
American Resources has a growing portfolio of operations located in
the Central Appalachian basin of eastern Kentucky and southern West
Virginia where premium quality metallurgical carbon deposits are
concentrated.
American Resources has established a nimble, low-cost business
model centered on growth, which provides a significant opportunity
to scale its portfolio of assets to meet the growing global
infrastructure market while also continuing to acquire operations
and significantly reduce their legacy industry risks. Its
streamlined and efficient operations are able to maximize margins
while reducing costs. For more information visit
americanresourcescorp.com or connect with the Company on
Facebook,
Twitter, and
LinkedIn.
Special Note Regarding Forward-Looking Statements
This
press release contains “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve known and unknown
risks, uncertainties, and other important factors that could cause
the Company’s actual results, performance, or achievements or
industry results to differ materially from any future results,
performance, or achievements expressed or implied by these
forward-looking statements. These statements are subject to a
number of risks and uncertainties, many of which are beyond
American Resources Corporation’s control. The words
“believes”, “may”, “will”,
“should”, “would”, “could”,
“continue”, “seeks”,
“anticipates”, “plans”,
“expects”, “intends”,
“estimates”, or similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Any
forward-looking statements included in this press release are made
only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking
statements to reflect subsequent events or circumstances. The
Company cannot assure you that the projected results or events will
be achieved.
PR Contact:
Precision
Public Relations
Matt
Sheldon
917-280-7329
matt@precisionpr.co
Investor Contact:
JTC
Team, LLC
Jenene
Thomas
833-475-8247
AREC@jtcir.com
Company Contact:
Mark
LaVerghetta
317-855-9926
ext. 0
Vice
President of Corporate Finance and Communications
investor@americanresourcescorp.com
Source:
American Resources Corporation