8-K 1 form8kannualmtg72210.txt FORM 8-K - ANNUAL MEEETING VOTING - 7-22-10 __________________________________________________________________ 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): July 22, 2010 N-VIRO INTERNATIONAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 0-21802 34-1741211 (State or Other Jurisdiction of (Commission File Number) (IRS Employer Incorporation or Organization) Identification No.) 3450 W. Central Avenue, Suite 328 Toledo, Ohio 43606 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (419) 535-6374 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)) __________________________________________________________________ ITEM 7.01. REGULATION FD DISCLOSURE. The information set forth under the caption "Comments at the Meeting" under Item 8.01 below are incorporated by reference under this Item 7.01. ITEM 8.01. OTHER EVENTS On July 22, 2010, N-Viro International Corporation (the "Company") held its Annual Stockholders meeting. The matters on which the stockholders voted, in person or by proxy, were: Proposal #1, the election of three Class II directors to the board of directors; Proposal #2, the adoption of the 2010 Stock Option Plan; Proposal #3, the adoption of an amendment to the Third Amended and Restated Certificate of Incorporation; and Proposal #4, the ratification of UHY, LLP as our independent outside auditors for the fiscal year ending December 31, 2010. ELECTION OF BOARD OF DIRECTORS:
DIRECTOR VOTES FOR VOTES WITHHELD VOTES ABSTAIN APPROVED / NOT APPROVED ------------------ --------- -------------- ------------- ----------------------- ------------------ --------- -------------- ------------- ----------------------- James H. Hartung 2,656,272 170,216 29,182 A Timothy R. Kasmoch 2,767,786 58,664 29,220 A Thomas L. Kovacik 2,767,613 58,887 29,170 A
PROPOSALS #2 THROUGH #4: VOTES FOR VOTES AGAINST VOTES ABSTAIN APPROVED / NOT APPROVED ------------------------ --------- ------------- ------------- ----------------------- ------------------------ --------- ------------- ------------- ----------------------- 2 2,729,458 96,880 29,332 A 3 4,018,636 311,171 30,707 A 4 4,328,634 2,713 29,170 A
COMMENTS AT THE MEETING In comments to the stockholders attending the meeting, our Chief Executive Officer, Timothy Kasmoch, commented on certain business opportunities, and expressed optimism on the Company's developing N-Viro FuelTM technology in light of the recent business development deal with VC Energy I, LLC. He also emphasized the potential need for additional sources of capital as being essential to build future projects, and that the Company was hopeful this would be the first in a series of anticipated successful funding ventures in the development of this clean technology. Special Cautionary Note Regarding Forward-Looking Statements ----------------------------------------------------------------- The Company cautions that words used in this document such as "expects", "hopes", "anticipates", "working to", "believes" and "may", as well as similar words and expressions used herein, identify and refer to statements describing events that may or may not occur in the future. These forward-looking statements and the matters to which they refer are subject to considerable uncertainty that may cause actual results to differ materially from those described herein. For example, while the Company expects business expansion projects to begin in an estimated time frame, such expectations are subject to adverse economic conditions and other factors outside of the Company's control. Further, the Company's ability to increase capabilities and expand capacity is subject to the ability of the Company or its partners to access sufficient capital to pay for this expansion, which will further depend on, among other factors, market acceptance. The Company's ability to achieve profitability of these projects could be negatively impacted if there is a lack of an adequate supply of waste or expenses increase above the Company's expectations - including fuel and transportation costs, labor costs and costs relating to the treatment and processing of the biosolids and creation of the N-Viro Soil or N-Viro Fuel. In addition, while the Company believes that trends in "greener" energy solutions are moving in favor of the Company's technology, such trends may not continue or may never result in increased sales or profits to the Company because of the availability of competing products and other alternative energy source. All of these factors, and other factors, will affect the profitability of the Company. Additional information about these and other factors that may adversely affect these forward-looking statements are contained in the Company's reports, including its Annual Report on Form 10-K for the year ended December 31, 2009 and other filings with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. N-VIRO INTERNATIONAL CORPORATION Dated: July 26, 2010 By: /s/ James K. McHugh ------------- -------------------- James K. McHugh Chief Financial Officer