AND EXCHANGE COMMISSION
to Section 13 or 15(d) of the Securities Exchange Act of 1934
of Report (Date of earliest event reported): October 12, 2017
name of registrant as specified in its charter)
or other jurisdiction of
of principal executive offices)
telephone number, including area code: (716) 278-0015
name or former address, if changed since the last report)
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:
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)|
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))|
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))|
5 — Corporate Governance and Management
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
as of October 12, 2017, the Board of Directors (the “Board”) of Plastic2Oil, Inc., a Nevada corporation (the “Company”),
increased the number of directors comprising the Board from two to four members and appointed Jason C. Aspin and Lee C. Brain
to fill the vacancies created thereby. The biographical information of the two new directors is set forth below.
C. Aspin, 51, is the Chief Executive Officer and Chief Technology Officer of Aspin Kemp & Associates (AKA), a Canadian technology
company providing innovation and solutions to marine and land based power, energy and power to process applications. Mr. Aspin
cofounded AKA in 1996 and has served on AKA’s board of directors for 21 years. He is a graduate of the Canadian Coast Guard
College Marine Engineering program. The Board has concluded that Mr. Aspin is qualified to serve as a director of the Company
because of his 22 years of executive business experience in the industrial electrical, automation and mechanical industry.
C. Brain, 49, is the owner and operator of Hess Millwork, a custom commercial cabinetry manufacturing business that services architectural
and commercial construction firms. He founded Hess Millwork in 1996 and currently manages and oversees sales, estimating and production
management staff with a focus on logistics, safety and quality. The Board has concluded that Mr. Brain is qualified to serve as
a director of the Company due to his 27 years of executive experience, as well as his significant experience in business strategy
connection with Mr. Aspin and Mr. Brain’s appointments to the Board, the Board approved a grant of options to each director
to purchase 25,000 shares of the Company’s common stock under the Company’s 2012 Long-Term Incentive Plan. The options
to be awarded to Mr. Aspin and Mr. Brain shall vest equally over two years on each anniversary of the date of appointment.
8 — Other Events
October 18, 2017, the Company’s Chief Executive Officer issued a letter to stockholders describing certain business updates,
a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
9 — Financial Statements and Exhibits
Statements and Exhibits|
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.
October 18, 2017
Chief Executive Officer,|