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):
November 10,
2016
Aemetis, Inc.
(Exact name of registrant as specified in its charter)
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Nevada
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000-51354
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26-1407544
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(IRS Employer Identification
No.)
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20400 Stevens Creek Blvd., Suite 700
Cupertino, CA 95014
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area
code:
(408) 213-0940
(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:
☐ 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))
Item 5.02
Election of Directors; Departure of Directors or Certain
Officers; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On
November 10, 2016, the Board of Directors (the “Board”)
of Aemetis, Inc. (the “Company”) voted to increase the
number of directors on the Board from five to six, with the
additional director designated as a Class III director. The Board
also appointed Lydia I. Beebe as a Class III director to fill the
new vacancy on the Board, with an initial term to continue until
the Company’s 2017 Annual Meeting of
Stockholders.
Ms.
Beebe is currently Senior Of Counsel for Wilson Sonsini Goodrich
& Rosati PC. Prior to this, Ms. Beebe served as Chief
Governance Officer and Corporate Secretary of Chevron Corporation
(“Chevron”) from 2007 – 2015. Ms. Beebe began her
career as a Staff Attorney for Chevron in 1977. From 1981 –
1985, Ms. Beebe became a Washington D.C. representative of Chevron.
Returning to California, Ms. Beebe worked her way up through the
Office of Chief Tax Counsel from 1985 – 1995, becoming the
Senior Managing Attorney - State and Excise Tax. In 1995, Ms. Beebe
was promoted to Corporate Secretary and an Officer of Chevron, the
first female corporate officer in Chevron’s 127-year history.
Ms. Beebe remained Corporate Secretary until 2007, when she also
became the Chief Governance Officer, holding both offices until she
retired in 2015. Ms. Beebe holds a B.A. in journalism from the
University of Kansas; a J.D. from the University of Kansas; as well
as holds a M.B.A. from Golden Gate University. Ms. Beebe also
served on the board of directors of HCC Insurance Holdings,
Inc.
In
connection with her service as a director and subject to the
Company’s director compensation policy, Ms. Beebe is eligible
to receive the Company’s standard non-employee director cash
and equity compensation. Ms. Beebe will receive a pro rata portion
of the $75,000 annual retainer for her service as a Board member.
She will receive fees of $250 per board and committee meeting
attended. Pursuant to the company’s director compensation
policy, Ms. Beebe is eligible to receive an initial stock option
grant of 100,000 shares of the Company’s common stock
pursuant to the Company’s Amended and Restated 2007 Stock
Plan. The grant of the foregoing stock option to Ms. Beebe is
slated for the next regular Governance, Nominating and Compensation
Committee meeting and is subject to the Company remaining current
with its periodic filings under the Securities Exchange Act of
1934.
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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AEMETIS, INC.
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By:
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/s/
Eric A. McAfee
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Name:
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Eric
A. McAfee
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Title:
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Chief
Executive Officer
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November
14, 2016
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(Principal Executive Officer)
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