UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) October 1, 2014
AMERICA GREENER TECHNOLOGIES, INC. |
(Exact name of registrant as specified in its charter) |
Nevada | 000-53757 | 20-8195637 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
254 South Mulberry Street, Suite 113, Meza, AZ | 85202 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code | (480) 664-3650 |
None |
(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):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 1, 2014 Ms. Carrie Borgen was appointed Chief Financial Officer of America Greener Technologies, Inc. Prior to joining our company, Ms. Borgen was an independent consultant in Scottsdale, AZ where she provided executive level consulting services to healthcare and other clients focusing on enterprise-wide initiatives and resolving complex operational and financial issues. From 2004 until she sold the company in 2012, she was Chief Executive Officer of AADS Office Solutions, LLC, a Phoenix, AZ-based company which provided practice improvement consulting services and products to a variety of healthcare and government clients. Earlier in her career, Ms. Borgen was Western Regional Vice President and General Manager of Express Scripts, Phoenix, AZ (2001 until 2004), Chief Operating Officer of Paradigm Health Corporation, Walnut Creek, CA (1995 to 2001) and Vice President and CIO (Intergroup) of Intergroup/Foundation Health, Tucson, AZ (1991 to 1995). Ms. Borgen, a Certified Public Accountant, received an MBA from the University of Southern California.
As compensation for her services, we agreed to pay Ms. Borgen a salary of $12,000 per month. We also granted her options to purchase 300,000 shares of our common stock at an exercise price of $0.70 per share as additional consideration pursuant to the terms of our 2014 Equity Compensation Plan.
Item 7.01 | Regulation FD Disclosure. |
On October 1, 2014 we issued a press release announcing Ms. Borgen's appointment as Chief Financial Officer. A copy of this press release is included as Exhibit 99.1 to this report.
Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 7.01 of Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of America Greener Technologies, Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit No. | Description |
99.1 | Press release dated October 1, 2014 |
2 |
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.
AMERICA GREENER TECHNOLOGIES, INC. | |
Date: October 7, 2014 | By: /s/ Michael C. Boyko |
Michael C. Boyko, Chief Executive Officer and President |
3 |
Exhibit 99.1
America Greener Technologies Appoints Carrie Borgen Chief Financial Officer
MESA, AZ / ACCESSWIRE / October 1, 2014 / America Greener Technologies Inc. (AGT) (AGRN), an environmental technologies company, today announced that it has appointed Carrie Borgen Chief Financial Officer. Ms. Borgen will assume all AGT financial operations effective immediately.
Ms. Borgen joins AGT after serving as a healthcare executive for over 20 years. She held the position of Western Regional VP and General Manager, Express Scripts, where she was responsible for Western Region operations: $100 million operating budget, $60 million pharmaceutical inventory, 12 million prescriptions processed annually and a staff of 2,000.
Prior to her tenure at Express Scripts, Ms. Borgen was COO, Paradigm Health, responsible for clinical and administrative operations of this risk- and outcomes-based complex disease management company. She also was VP and CIO, Intergroup, and SVP Operational Development, Foundation Health (now part of HealthNet). At Intergroup, Ms. Borgen was responsible for day-to-day health plan operations and financial performance improvement. Following the acquisition of Intergroup by Foundation Health, she was responsible for integrating the operations of the combined entities. Ms. Borgen has a proven record of implementing operational structures to support and promote company growth, resolving long-standing operational issues, and improving financial performance.
Ms. Borgen was also CEO and Owner of AADS Office Solutions which she grew and sold in 2012. Ms. Borgen, who is a CPA and has an MBA from the University of Southern California, began her career as a consultant with Ernst & Young and Deloitte & Touche.
"We are delighted that Carrie Borgen has decided to join AGT," said AGT President and CEO, Mike Boyko. "Carrie's management experience and leadership skills will prove invaluable as AGT enters an expected phase of rapid revenue growth over the coming quarters."
About AGT
AGT is a Mesa, Arizona based environmental technologies company, offering proprietary process improvement solutions for the power, petrochemical and heavy industrial marketplace. AGT holds an exclusive long term (30 year) license in North America on Polarchem Cleaning System, which has proven to be safe and effective in improving operating efficiencies at power and petrochemical plants worldwide for the past 45 years, as well as providing substantial pollution control benefits to those industries.
Safe Harbor
This press release contains forward-looking statements that relate to AGT's plans, objectives and estimates within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as "should," "could," "expects," "may," "plans," or "intends," and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: problems securing the necessary financing to continue operations, problems encountered in commercializing AGT's technology, difficulties experienced in product development, roadblocks experienced in sales and marketing activities and longer than expected project development processes. To the extent permitted by applicable law, AGT makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement.
CONTACT:
For further information:
Philippe Niemetz
PAN Consultants Ltd.
(212) 344-6464