Form 8-K for AMERICAN SECURITY RESOURCES CORP.
--------------------------------------------------------------------------------
16-Jul-2008
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On July 11, 2008, a majority of American Security Resources Corp.'s (the "Company") shareholders entitle to vote approved the amendments to the Articles of Incorporation to (i) increase the number of authorized shares of common stock of the Company from 200,000,000 to 500,000,000 shares and (ii) increase the number of authorized shares of preferred stock of the Company from 1,000,000 to 2,000,000 shares. In addition, a majority of the Company's shareholders entitled to vote approved the Amended and Restated Articles of Incorporation of the Company. The Amended and Restated Articles of Incorporation have been filed with the Secretary of State of the State of Nevada.
Item 8.01 Other Events
On July 11, 2008, we held our annual meeting. The following actions were approved at our annual meeting:
1. The following individuals were elected by the stockholders to the Board of Directors by the votes indicated.
Broker
Name Votes For Votes Against Abstentions Non Votes
Frank Neukomm 554,374,071 6,682,956 -0- -0-
Bob Farr 561,057,027 -0- -0- -0-
Averill Merril 561,057,027 -0- -0- -0-
Robert Wilson 561,057,027 -0- -0- -0-
James Twedt 561,057,027 -0- -0- -0-
Brian Klock 530,193,662 -0- -0- -0-
Ken Detko 530,193,662 -0- -0- -0-
2. The amendment to the Articles of Incorporation to increase the authorized common stock of the Company from 200,000,000 to 500,000,000 was approved by a vote of 551,399,071 for and 6,682,956 votes against, with no abstentions and no broker non-votes.
3. The amendment to the Articles of Incorporation to increase the authorized preferred stock of the Company from 1,000,000 to 2,000,000 was approved by a vote of 551,260,071 for and 6,682,956 votes against, with no abstentions and no broker non-votes.
4. The Amended and Restated Articles of Incorporation was approved by a vote of 557,994,884 for no votes against, with 137,143 abstentions and no broker non-votes.
5. The issuance of common stock in excess of 200,000,000 shares and any derivative securities that may result in the issuance of common stock in excess of 200,000,000 shares was ratified by a vote of 557,944,884 for and no votes against, with 137,143 abstentions and no broker non-votes.
6. The 2008 Stock Option Plan was approved by a vote of 544.673,326 for and 6,682,956 votes against, with no abstentions and no broker non-votes.
AI
