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):
June 19, 2023
AMERI METRO, INC.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | | 000-54546 | | 45-1877342 |
| (State of incorporation) | | (Commission File Number) | | (IRS Employer
Identification No.) |
2575 Eastern Blvd., Suite 102, York, PA 17402
(Address of principal executive offices)
717-434-0668
(Registrant's telephone number, including area code)
N/A
(Former Name or former address if changed from 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 (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered under Section 12(b) of the Exchange Act: None
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | | Trading Symbol(s) | | Name of Each Exchange on Which Registered |
| Common Stock | | ARMT | | N/A |
Item 8.01 Other Events.
As reported in the Form 10-Q filed for the period ending April 30, 2021, salary accruals for all Ameri Metro officers and directors, including Audit Committee members, were frozen as of January 31, 2021 due to the global pandemic. Pursuant to a resolution of the BOD on May 16, 2023, salaries for all officers and directors, including Audit Committee members, were increased by 10%, retroactive to January 1, 2023. Further, the BOD lifted the moratorium on the accrual of salaries of all Ameri Metro officers and directors, including Audit Committee members, retroactive to January 1, 2023. The Ameri Metro Compensation Committee approved the BOD resolution on June 19, 2023.
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.
June 19, 2023
| Ameri Metro, Inc. | |
| | |
| /s/ Shah Mathias | |
| By: Shah Mathias | |
| Title: Chief Executive Officer | |
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