UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 14A

 

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

 

Filed by the Registrant ☒            Filed by a Party other than the Registrant ☐

Check the appropriate box:

 

☐ Preliminary Proxy Statement

 

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

 

☒ Definitive Proxy Statement

 

☐ Definitive Additional Materials

 

☐ Soliciting Material Pursuant to §240.14a-12

 

AMERAMEX INTERNATIONAL, INC.

 (Name of Registrant as Specified In Its Charter)

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

 

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☐ Fee paid previously with preliminary materials.

 

☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

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 AMERAMEX INTERNATIONAL, INC.

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

December 2, 2021

 

TO THE STOCKHOLDERS OF AMERAMEX INTERNATIONAL, INC:

 

NOTICE IS HEREBY GIVEN that, pursuant to the call of its Board of Directors, the Annual Meeting of Stockholders (the “Meeting”) of AmeraMex International, Inc. (the “Company”) will be held on December 2, 2021 at 2:00 p.m. Pacific Time, at 3930 Esplanade, Chico, California 95973 for the following purposes:

 

1.       Election of Directors. To elect the following five (5) nominees to the Board of Directors: Lee Hamre, Marty Tullio, J. Jeffery Morris, Brian Hamre, and Michael Maloney, to serve until the 2022 Annual Meeting of Stockholders and until their successors are duly elected and qualified.

 

2.       Ratification of Independent Registered Public Accounting Firm. To ratify the selection of dbbmckennon, CPAs, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021.

 

3.      Amendment to Articles of Incorporation. To amend the Company’s Amended and Restated Articles of Incorporation to permit stockholder action by written consent by stockholders holding not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote on the action were present and voted.

 

4.      Other Business. To transact such other business as may properly come before the Meeting and any and all postponements or adjournments thereof.

 

As an accommodation to our stockholders in light of the challenges presented by the COVID-19 virus, the Company has decided to provide a call-in number for those stockholders who would prefer not to attend the stockholder meeting in person but would still like to listen to the proceedings. Although you will not be able to cast your votes, change any votes you may have already made by proxy, or ask any questions via the call-in number, we are pleased to be able to provide this remote opportunity to our stockholders. To access the stockholder meeting remotely, please dial 1-201-689-8560 on December 2, 2021 at 2:00 p.m. California time. For those who do attend the meeting in person, we will observe proper social-distancing protocol to the extent required by local and state officials.

 

The Board of Directors has fixed the close of business on October 12, 2021 as the record date for determination of stockholders entitled to notice of, and to vote at, the Meeting and any and all postponements or adjournments thereof. 

 

     

BY ORDER OF THE BOARD OF DIRECTORS

 

     
Dated: October 12, 2021   /s/ Lee Hamre
   

Lee Hamre

President & CEO

 

  

PLEASE SIGN AND RETURN THE ENCLOSED PROXY CARD (“PROXY”) AS PROMPTLY AS POSSIBLE AND INDICATE IF YOU WILL ATTEND THE MEETING IN PERSON. ALTERNATIVELY, A STOCKHOLDER CAN CHOOSE TO VOTE BY USING THE INTERNET AS INDICATED ON THE PROXY. IF YOU VOTE ELECTRONICALLY THROUGH THE INTERNET, YOU DO NOT NEED TO RETURN THE PROXY. PLEASE REFER TO THE PROXY STATEMENT AND PROXY FOR A MORE COMPLETE DESCRIPTION OF THE PROCEDURES FOR INTERNET VOTING.

 

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AMERAMEX INTERNATIONAL, INC.

PROXY STATEMENT

FOR

ANNUAL MEETING OF STOCKHOLDERS

December 2, 2021

 

INTRODUCTION

 

This proxy statement (“Proxy Statement”) is furnished in connection with the solicitation of proxies for use at the 2021 Annual Meeting of Stockholders (the “Meeting”) of AmeraMex International, Inc. (the “Company”) to be held on December 2, 2021, at 2:00 p.m. Pacific Time, at 3930 Esplanade, Chico, California 95973 for the following purposes and at any and all postponements or adjournments thereof. Only stockholders of record on October 12, 2021 (the “Record Date”) will be entitled to notice of the Meeting and to vote at the Meeting. At the close of business on the Record Date, the Company had outstanding and entitled to be voted 14,629,155 shares of the Company’s common stock having a par value of $0.001. Directions to the Meeting can be found later in this Proxy Statement. The approximate date on which this Proxy Statement together with our Annual Report for 2020 and the proxy card are first being made available to stockholders at AMMX.net is on or about October 22, 2021.

 

Revocability of Proxies

 

A proxy for voting your shares at the Meeting is enclosed. Any stockholder who executes and delivers such proxy has the right to and may revoke it at any time before it is exercised by filing with the Secretary of the Company an instrument revoking it or a duly executed proxy bearing a later date. In addition, a proxy will be revoked if the stockholder executing such proxy is in attendance at the Meeting and such stockholder votes in person. Subject to such revocation, all shares represented by a properly executed proxy received in time for the Meeting will be voted by the proxyholders in accordance with the instructions specified on the proxy.

 

Unless otherwise directed in the accompanying proxy, the shares represented by your executed proxy will be voted “FOR” the nominees for election of directors named herein, “FOR” the ratification of the selection of dbbmckennon, CPAs, as the Company’s independent registered public accounting firm for the 2021 fiscal year, and “FOR” approval of amending the Company’s Articles of Incorporation. If any other business is properly presented at the Meeting and at any and all postponements or adjournments thereof, the proxy will be voted in accordance with the recommendations of management.

 

Solicitation of Proxies

 

This solicitation of proxies is being made by the Board of Directors of the Company. The expenses of preparing, assembling, printing, and mailing this Proxy Statement and the materials used in this solicitation of proxies will be borne by the Company. It is contemplated that proxies will be solicited principally through the use of the mail, but directors, officers, and employees of the Company may solicit proxies personally without receiving special compensation. The Company will reimburse banks, brokerage houses and other custodians, nominees and fiduciaries for their reasonable expenses in forwarding the Proxy Statement and materials to stockholders whose stock in the Company is held of record by such entities. In addition, the Company may use the services of individuals or companies it does not regularly employ in connection with this solicitation of proxies, if management determines it advisable. 

 

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Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to Be Held on December 2, 2021.

 

The Company’s Proxy Statement and Annual Report on Form 10-K for the fiscal year ended December 31, 2020 are available free of charge at https://ammx.net/investor-relations/sec-filings/. We are furnishing materials to our stockholders primarily via the internet instead of mailing printed copies of those materials to our stockholders. By doing so, we save costs and reduce the environmental impact of the Meeting. On or about October 22, 2021, the Company mailed a Notice of Internet Availability of Proxy Materials (“Notice”) to stockholders. The Notice contains instructions about how to access our proxy materials and vote online. If you would like to receive a paper copy of our proxy materials, please follow the instructions included in the Notice.

 

Voting Securities

 

On any matter submitted to the vote of the stockholders, each holder of common stock will be entitled to one vote, in person or by proxy, for each share of common stock held of record on the books of the Company as of the Record Date.

 

A majority of the stock issued and outstanding and entitled to vote, present in person or represented by proxy, will constitute a quorum at the Meeting. If, by the time scheduled for the Meeting, a quorum of stockholders of the Company is not present or represented at the meeting, the stockholders entitled to vote thereat, whether present in person or represented by proxy, will have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present or represented.

 

Votes cast will be counted by the Inspector of Election for the Meeting. When a quorum is present or represented at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy will be sufficient to elect directors or approve any proposal brought before such meeting. Shares represented by proxies that reflect abstentions or “broker non-votes” will be treated by the Inspector of Election as shares present and entitled to vote for purposes of determining the presence of a quorum; however, broker non-votes will not be treated as shares voted on any proposal and therefore will have no effect upon the outcome of any proposal. Abstentions will not be treated as affirmative votes on any proposal at the Meeting and will have the same effect as a vote “against” a proposal if the affirmative votes in favor of a proposal are less than a majority of the required quorum. “Broker non-votes” means shares held by brokers or nominees as to which instructions have not been received from the beneficial owners or persons entitled to vote and the broker or nominee does not have discretionary voting power under applicable rules of the stock exchange or other self-regulatory organization of which the broker or nominee is a member.

 

Any stockholder may choose to vote shares of common stock electronically by using the Internet, as indicated on the proxy. Internet voting procedures are designed to authenticate the identity of a stockholder and to confirm that instructions have been properly recorded. These procedures are consistent with the requirements of Nevada law. If a stockholder votes electronically by using the Internet, there is no need to return the proxy.

 

If you vote by Internet, your vote must be received by 11:59 p.m., Pacific Time, on December 1, 2021 to ensure that your vote is counted.

 

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PROPOSAL NO. 1

 

ELECTION OF DIRECTORS

 

The Company’s Bylaws (the “Bylaws”) provide that the number of directors of the Company shall not be less than three (3) nor more than nine (9) until changed by an amendment to Article III, Section 3.2 of the Bylaws duly adopted by the vote or written consent of a majority of the Board of Directors or holders of a majority of the outstanding shares entitled to vote. The Board of Directors is presently comprised of five (5) individuals.

 

The Board of Directors has nominated the following individuals for re-election as directors of the Company, each to serve a one-year term beginning at the Meeting and expiring at the 2022 Annual Meeting of the Stockholders, and until either they are re-elected or their successors are elected and qualified or until their earlier death, resignation or removal:

 

Lee Hamre

Marty Tullio

J. Jeffery Morris

Brian Hamre

Michael Maloney

 

Vote Required

 

Under the Company’s Bylaws, when a quorum is present or represented at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy will be sufficient to elect a director. If you hold your shares in your own name and abstain from voting on this matter, your abstention will have the same effect as a negative vote. If you hold your shares through a broker and you do not instruct the broker on how to vote on this proposal, your broker will not have the authority to vote your shares. Broker non-votes will have no effect.

 

Recommendation of Board of Directors

 

The Board of Directors recommends a vote “FOR” each of the five (5) nominees listed above.

 

DIRECTORS AND EXECUTIVE OFFICERS

 

The following table sets forth the names and ages of our current directors and executive officers and includes the principal offices and positions held by each person and the year each person began in his or her role. Our executive officers were appointed by our Board of Directors. Our directors serve until the earlier occurrence of the election of his or her successor at the next Annual Meeting of Stockholders or their earlier death, resignation, or removal.

     
Name   Age   Position   Date
             
Lee Hamre   70   President and Chairman   2006
Marty Tullio   73   Secretary and Director   2012
Hope Stone   50   Chief Financial Officer   2018
J. Jeffery Morris   72   Director   2019
Brian Hamre   55   Director   2019
Michael Maloney   59   Director   2012
Romeo Terso    41   Vice President of African Affairs   2021
                 

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Board of Directors

 

The Board of Directors has nominated the five (5) incumbent directors named below for election as directors of the Company and to apprise you of their qualifications to serve as directors. The Board of Directors reviews the qualities of the Board members as a group, including the diversity of the Board’s career experiences, viewpoints, company affiliations, expertise with respect to the various facets of our business operations and business experiences. The Board of Directors has not adopted a formal policy and did not employ any particular benchmarks with respect to these qualities, but was mindful of achieving an appropriate balance of these qualities with respect to the Board of Directors as a whole. Moreover, the Board of Directors considered each nominee’s overall service to us during the previous term, each nominee’s personal integrity and willingness to apply sound and independent business judgment with respect to our matters, as well as the individual experience of each director. The following persons are the nominees of the Board of Directors for election to serve for a one-year term until the 2022 Annual Meeting of Stockholders and until their successors are duly elected and qualified:

 

Lee Hamre, Chief Executive Officer and Chairman

 

Lee Hamre has been the President and CEO of the Company since 2006. Mr. Hamre has been in the heavy equipment business for over 38 years. He is also the Vice President of Gazmin International in Dubai and Kuwait City in the United Arab Emirates for the last two years. He worked for Buehrer Inc. in Berkeley, California for 13 years from 1976 to 1989. He then founded Hamre Equipment Co. as its sole owner in 1989. In 2006, he merged Hamre Equipment Co. with AmeraMex International after having rented equipment to AmeraMex International for several years. Mr. Hamre served in the United States Navy Reserves for six years. He earned a B.A. in Business Communications from California State College, Chico.

 

Michael Maloney, Director

 

Michael Maloney has been a Director of the Company since 2012. He is currently a self-employed, licensed private investigator and consultant serving the Greater Northern California area. He previously served as a California peace officer for 32 years, retiring as the Chief of Police in Chico, California. Concurrent and overlapping with his law enforcement career, Mr. Maloney served as adjunct faculty in the law enforcement academy at Butte Community College for 25 years, followed by five years as the Director of the Public Safety Education and Training Center (which included the law enforcement academy, the fire academy, the California Fish and Wildlife Academy and the California State Parks Academy, as well as a myriad of public safety certificate and degree programs).

 

In his cumulative 37 years of public service, Mr. Maloney spent over 20 years in management, with 18 of those in senior or executive management. Mr. Maloney has significant experience in managing multi-million dollar taxpayer-funded budgets, organizational management, policy development and implementation, strategic planning, personnel hiring and management, emergency and crisis incident management, among many other areas. Maloney has over 40 years of community volunteer experience, having served on the boards and as an officer of several non-profit or social service organizations.

 

Marty Tullio, Secretary and Director

 

Marty Tullio has been the Secretary and Director of the Company since 2012. She has managed the financial communications programs for a wide range of public and private companies, providing day-to-day counsel to executive management and coordinating investor relations efforts for a number of diversified clients. Ms. Tullio is proactive in the planning and execution of investor outreach programs, including road shows and investor conferences, and in developing strategic communications plans for client organizations. Since 1999, Ms. Tullio has owned McCloud Communications, LLC, an investor relations and communications consultant for emerging and mid-size public companies.

 

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Ms. Tullio has more than a decade of in-house agency investor relations management experience, specializing in the targeting and development of institutional investor and research analyst following, support of fundraising activities, corporate and crisis communications, consulting, and the introduction and positioning of companies to the investment community.

 

Prior to becoming an investor relations professional, Ms. Tullio spent 15 years as a sales and marketing executive in the technology industry, with companies such as NCR, GTE Telenet, and a division of McDonnell-Douglas. She has held several managerial and executive positions, including Vice President of Sales and Marketing, Executive Vice President, and General Manager. Marty has a Bachelor of Arts degree and earned her investor relations certification from the University of California, Irvine.

J. Jeffery Morris, Director

J. Jeffery Morris has been a Director of the Company since 2019. Mr. Morris is the president of Global Finance Group located in Newport Beach, California. Mr. Morris has been in the commercial leasing/finance industry since 1974. Prior to joining Global Finance Group, Morris started Crocker Capital, a lease invoice financing company, in 1992. In 1980, Morris began Perry Morris Corporation and by 1990, the company had an annual leasing invoice position of over $100 million. The company was twice named in INC Magazine’s list of the 500 fastest growing, privately held companies in the U.S. Mr. Morris graduated from USC in 1972 as a finance major. He has been on the boards of many civic and charitable organizations such as: Southern California Chapter of YPO, Children’s Hospital of Orange County, USC Associates, and the Orange County YMCA. He also headed a public fundraising campaign for a Children’s Hospital that raised over $12 million.

 

Brian Hamre, Director

 

Brian Hamre has been a Director of the Company since 2019. Brian Hamre is the Regional Sales Manager (Northern California and Northern Nevada) of Ritchie Brothers Auctioneers, which specializes in the acquisition and auction of heavy equipment. Mr. Hamre has over 32 years of sales and marketing management experience in the heavy equipment industry. Prior to joining Ritchie Brothers in 2008, Mr. Hamre worked with us for 22 years. While with us, he held a variety of positions and was responsible for successfully expanding our sales and marketing reach within the Western United States. Brian Hamre is an alumnus of California State University, Chico.

 

If any of the nominees should unexpectedly decline or be unable to serve as a director, the proxies may be voted for a substitute nominee to be designated by the Board of Directors. The Board of Directors has no reason to believe that any nominee will become unavailable and has no present intention to nominate persons in addition to or in lieu of those named above.

 

None of the Company’s directors, nominees for election as directors listed above, or executive officers listed on page 8 of this Proxy Statement, were selected pursuant to any arrangement or understanding other than with the directors and executive officers of the Company acting within their capacities as such. 

 

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Executive Officers

 

Below are the names, ages, and certain other information on each of our current executive officers, other than Lee Hamre and Marty Tullio, whose information is provided above.

 

Hope Stone, Chief Financial Officer

Hope Stone joined the Company as Chief Financial Officer in June 2018. Ms. Stone is responsible for our overall financial strategy and direction, as well as human resources. Within finance, she guides our treasury, accounting, tax, and internal and external audit functions.

From June 2016 to August 2018, Ms. Stone was Controller and acting Chief Financial Officer of Digital Path, Inc., a mid-sized telecommunications company servicing Northern California, Northern Nevada, and Southern Oregon. From March 2014 to August 2016, Ms. Stone was the Controller and Human Resources Manager at Moana Nursery, a multi-store organization servicing Northern Nevada’s nursery and landscaping industry since 1967. Throughout her over 20-year career in accounting, auditing and financial planning, Ms. Stone has established a reputation for building world-class teams and for aligning financial and business metrics to support business strategy and high-growth. Ms. Stone has spearheaded multiple SBA loans and equipment and other financing transactions. Stone holds a BS in Finance from Tennessee Baptist College and an MBA from the University of Devonshire.

 

Romeo Terso, Vice President, African Affairs

 

Romeo Terso joined the Company as Vice President of African Affairs in January 2021. Mr. Terso is an international businessman from Nigeria with 15 years of experience in the energy sector, including experience working in a private contract capacity for the Nigeria National Petroleum Corporation (NNPC). Mr. Terso also organizes private forums where he provides advice, guidelines and other related services to companies interested in entering the Nigerian energy sector.

Mr. Terso is involved with several companies including The Petracon International Group, where he currently serves as president. Additionally, Mr. Terso is actively involved with diverse business sectors including real estate, heavy equipment, hospitality, finance, civil engineering, construction, consulting, and general trading. Mr. Terso is also an avid investor and shareholder in several international companies.

 

 

 

 

 

 

 

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OUR BOARD OF DIRECTORS

 

Board Leadership Structure

 

The Board of Directors has not formally established any criteria for Board membership. Candidates for director nominees are reviewed in the context of the current composition of the Board of Directors, our operating requirements, and the long-term interests of our stockholders. In conducting this assessment, the Board of Directors considers skills, knowledge, diversity, experience, and such other factors as it deems appropriate given the current needs of the Board of Directors and us, to maintain a balance of knowledge, experience and capability.

 

The Board of Directors does not have a policy on whether the roles of Chief Executive Officer and Chairman of the Board should be separate and, if they are to be separate, whether the Chairman of the Board should be selected from the non-employee directors or be an employee. The Board of Directors believes that we and our stockholders benefit when the Board of Directors is free to determine the most appropriate leadership structure in light of the experience, skills and availability of directors and the Chief Executive Officer as well as other circumstances.

 

Director Independence

 

We apply the definition of “independent director” provided under the Listing Rules of The NASDAQ Stock Market LLC (“NASDAQ”) to determine whether members of our Board of Directors are independent. Under NASDAQ rules, the Board of Directors has considered all relevant facts and circumstances regarding our directors and has affirmatively determined that two of the directors serving on the Board of Directors, Michael Maloney and J. Jeffery Morris, are independent of the Company. The Board of Directors is also responsible for oversight of our risk management practices, while management is responsible for the day-to-day risk management processes.

 

Code of Ethics

 

The Company has a Code of Ethics that is signed off by each employee as part of their initial hiring package. The Company code of ethics is posted on the company website and can be found at https://ammx.net/investor-relations/corporate-governance/#GovSection|3.

 

Corporate Governance Guidelines

 

We are not subject to the listing requirements of any national securities exchange or national securities association and, as a result, we are not at this time required to have formal corporate governance guidelines. However, our Board of Directors and management are dedicated to the standard of exemplary corporate governance and believe that corporate governance is vital to the continued success of the Company.

 

Involvement in Certain Legal Proceedings

 

There have been no known events under any bankruptcy act, no criminal proceedings and no judgments, injunctions, orders or decrees material to the evaluation of the ability and integrity of any director, executive officer, promoter or control person of the Company during the past ten years. 

 

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Certain Relationships

 

Brian Hamre, director, is the nephew of Lee Hamre, Chief Executive Officer and Chairman of our Board of Directors.

 

Annual Meeting Attendance

 

The Board of Directors held four meetings by teleconference from January through December 2020. All directors attended 100% of such meetings of the Board of Directors. Although the Board of Directors has not adopted a formal policy, all directors are expected to attend each annual meeting of stockholders.

 

BOARD COMMITTEES

 

Audit Committee

 

Our separately-designated audit committee (the “Audit Committee”) currently consists of J. Jeffery Morris and Marty Tullio with J. Jeffery Morris acting as the audit committee financial expert.

 

The Company’s audit committee charter requires at least two members of the committee to be independent. Moving forward, our audit committee will be composed of J. Jeffery Morris, Michael Maloney and Marty Tullio, with J. Jeffery Morris acting as the audit committee financial expert. Both J. Jeffery Morris and Michael Maloney are independent directors.

 

Our Board has adopted a written charter for the Audit Committee, pursuant to which the Audit Committee has, among others, the following duties and responsibilities:

 

• Appoint, compensate, and oversee all audit and non-audit services performed by auditors, including the work of any registered public accounting firm employed by the Company;
• Resolve any disagreements between management and the auditor regarding financial reporting and other matters; and
• Pre-approve all auditing and non-audit services performed by auditors.

 

During 2020, the Audit Committee held two meetings. In addition, members of the Audit Committee speak regularly with our independent registered public accounting firm and separately with the members of management to discuss any matters that the Audit Committee or these individuals believe should be discussed, including any significant issues or disagreements concerning our accounting practices or financial statements. For further information, see “Report of the Audit Committee” below.

 

The charter of our Audit Committee can be accessed on the “Corporate Governance” section of our website, https://ammx.net/investor-relations/governance/.

 

Nominating or Compensation Committee

 

The Board of Directors has no standing nominating or compensation committee and acts as its own nominating and compensation committees as it believes that the functions of such committees can be adequately performed by the Board of Directors.

 

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Stockholder Communications to the Board

 

The Board of Directors does not have a formal process for stockholders to send communications to the Board of Directors, including recommendations of director candidates. The names of all our directors are available in this Proxy Statement. The Company holds quarterly stockholder conference calls where stockholders are able to communicate with the Board of Directors. Given both the infrequency of stockholder communications and that the majority of the common shares is held by members of the Board of Directors, the Board of Directors does not believe a formal process for stockholder communications is necessary. The Board of Directors will consider, from time to time, whether adoption of a formal process for such stockholder communications has become necessary or appropriate. Director nominations and other communications may be submitted by a stockholder by sending such communications to any member of the Board of Directors at 3930 Esplanade, Chico, California 95973 marked to the attention of an individual director’s name or to the Chairman of the Board.

 

DIRECTOR COMPENSATION

 

Our directors are compensated for their services, and are entitled for reimbursement of expenses incurred in attending Board of Directors meetings. The following table sets forth the compensation paid to our Board of Directors for the years ended December 31, 2020 and December 31, 2019: 

 

Name Fees Earned or Paid in Cash for 2020 Fees Earned or Paid in Cash for 2019

Lee Hamre

 

$ ⸺ $2,500

Michael Maloney

 

$500 $2,500

Marty Tullio

 

$500 $2,500

J. Jeffery Morris

 

$500 $ ⸺

Brian Hamre

 

$500 $ ⸺

 

 

COMPENSATION DISCUSSION AND ANALYSIS

 

Executive Compensation

 

All decisions regarding compensation for our executive officers and executive compensation programs are reviewed, discussed, and approved by the Board of Directors.  All compensation decisions are determined following a detailed review and assessment of external competitive data, the individual’s contributions to our success, any significant changes in role or responsibility, and internal equity of pay relationships.

 

The Board of Directors has found that compensating our executive officers with a salary only is adequate. The Company does not offer equity or equity-equivalent awards to executive officers as a form of compensation.

 

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The following table sets forth the compensation paid to our executive officers from the years ended December 31, 2020 and 2019.

 

Name and Principal Position Year Salary ($) All Other Compensation ($) Total ($)
Lee Hamre, CEO & Chairman (1)

2020

2019

150,000

150,000

⸺

2,500

150,000

152,500

Hope Stone,

CFO

2020

2019

120,000

120,000

⸺

⸺

120,000

120,000

 

 

(1) Lee Hamre received $2,500 in compensation for attending Board of Directors meetings in 2019.

 

Other Compensation

 

As of the date of this Proxy Statement, we do not have any bonuses, option awards, non-equity incentive plan, nonqualified deferred compensation plan, annuity, pension, stock options, profit sharing retirement, or other similar benefit plans; however, we may adopt such plans in the future. In addition, there are no personal benefits available to our officers and directors and we do not currently have any plan that provides for the payment of retirement benefits (e.g., any tax-qualified defined benefit or contribution plans (401(k)), or any contract that provides payment to an executive officer in connection with their resignation, retirement or termination.

 

Outstanding Equity Awards at Fiscal Year-End

 

We do not currently have any arrangements or contracts pursuant to which our officers and directors are compensated for any services, including any additional amounts payable for committee participation or special assignments.

 

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

 

The following table sets forth, as of the Record Date, the number of shares of common stock owned of record and beneficially by (i) each of our named executive officers and directors; (ii) each person who owns beneficially more than 5% of each class of our outstanding equity securities; and (iii) all directors and officers as a group. Beneficial ownership is determined in accordance with the rules of the Securities Exchange Commission (“SEC”) and generally includes voting or investment power with respect to securities. Management is not aware of any arrangements which may, at a subsequent date, result in a change of control of the Company.

 

Unless otherwise indicated below, the address of each beneficial owner is c/o AmeraMex International, Inc., 3930 Esplanade, Chico, California 95973. Unless otherwise indicated below, we believe that each of the persons listed in the table (subject to applicable community property laws) has the sole power to vote and to dispose of the shares listed opposite the stockholder’s name. All calculations are based on 14,629,155 shares of common stock outstanding as of the Record Date. 

 

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Name and Address of
Beneficial Owner

Number of Shares of

Common Stock

Percent

of Class

Lee Hamre, President & Chairman 6,183,657 [42.2]%
Marty Tullio, Secretary & Director 916,667 [6.3]%
Hope Stone, Chief Financial Officer -0- -
Michael Maloney, Director 130,000 *
J. Jeffery Morris, Director 2,000 *
Brian Hamre, Director 60,000 *

All officers and directors

as a group (five persons)

7,422,324 [49.4]%

Warren Murphy (1)

12 Meza Luna Court

Henderson, NV 89011

 

1,358,100 [9.3]%

 

 

* Less than 1%

 

(1) Number of shares is based solely on a Schedule 13G filed with the SEC on August 20, 2019 on behalf of Warren Murphy, as revised to reflect the effect of the Company’s 1:50 reverse stock split on December 21, 2020.

 

RELATED PARTY TRANSACTIONS

 

Related Party Transactions

 

Except as described below, there were no transactions with any executive officers, directors, 5% stockholders and their families and affiliates since January 1, 2020. Any related party transactions must be approved by the Board of Directors.

 

We lease a building and real property in Chico, California from a trust whose trustee is Lee Hamre, our Chief Executive Officer, for monthly lease payments of $9,800. We are currently leasing the building and real property on a month-to-month basis. The total rent for 2020 was $139,600 and the total rent for 2019 was $117,600. 

 

We have a note payable to our Chief Executive Officer, Lee Hamre, for funds loaned for our operations. The note is interest bearing at 10% per annum, unsecured, and payable upon demand. The balance of the note at December 31, 2020 and 2019 was $226,659 and $334,794, respectively. During the years ended December 31, 2020 and 2019, we repaid $158,675 and $18,849, respectively, on the note. The note incurred $36,936 in interest in 2020 and $29,137 in interest in 2019.

 

  13  
 

PROPOSAL NO. 2

 

RATIFICATION OF THE SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

The independent registered public accounting firm of dbbmckennon, CPAs, served the Company as its independent registered public accountants and auditors for the fiscal years ended December 31, 2020 and 2019, at the direction of the Audit Committee and the Board of Directors of the Company. dbbmckennon, CPAs will not (i) be present at the annual stockholders meeting; (ii) have the opportunity to make a statement; or (iii) available to respond to questions. dbbmckennon, CPAs does not have any interest, financial or otherwise, in the Company.

 

AUDIT FEES

 

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the annual audit of our financial statements and review of financial statements included in our quarterly reports and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

 

    For the Fiscal Year Ended
    2020   2019
Audit Fees   $ 132,657     $ 156,672  
Audit-Related Fees   $ 5,213     $ 5,260  
Tax Fees   $ 7,100     $ 0  
All Other Fees   $ 24,657     $ 15,439  
Total   $ 169,626     $ 177,371  

 

Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditors

 

Our Audit Committee pre-approves all audit and permissible non-audit services. These services may include audit services, audit-related services, tax services and other services. Our Audit Committee approves these services on a case-by-case basis.

 

Vote Required

 

The ratification of the selection of dbbmckennon, CPAs as the Company’s independent registered public accountants requires approval of a majority of the total number of shares voting at the Meeting. If our stockholders do not ratify the selection of independent accountants, the Audit Committee will reconsider the appointment. However, even if our stockholders ratify the selection, the Audit Committee may still appoint new independent accountants at any time during the year if it believes that such a change would be in the best interests of the Company. If you hold your shares in your own name and abstain from voting on this matter, your abstention will have the same effect as a negative vote. If you hold your shares through a broker and you do not instruct the broker on how to vote on this proposal, your broker will have the authority to vote your shares.

  

  14  
 

Recommendation of Board of Directors

 

The Board of Directors recommends that stockholders vote “FOR” the ratification of the selection of dbbmckennon, CPAs as the Company’s independent registered public accountant for the fiscal year ended December 31, 2021.

 

Report of the Audit Committee

 

The Audit Committee has reviewed the Company’s audited financial statements for the fiscal year ended December 31, 2020 and has discussed these financial statements with the Company’s management and independent registered public accounting firm.

 

The Audit Committee has also received from, and discussed with, dbbmckennon, CPAs, the Company’s independent registered public accounting firm, various communications that the Company’s independent registered public accounting firm is required to provide to the Audit Committee, including the matters required to be discussed by Statement on Auditing Standards No. 61, as amended (AICPA, Professional Standards, Vol. 1. AU section 380), as adopted by the Public Company Accounting Oversight Board in Rule 3200T.

 

The Company’s independent registered public accounting firm also provided the Audit Committee with the written disclosures required by Public Company Accounting Oversight Board Rule 3526 (Communication with Audit Committees Concerning Independence). The Audit Committee has discussed with the independent registered public accounting firm their independence from the Company.

 

Based on the reports and discussions described in this report, and subject to the limitations on the role and responsibilities of the Audit Committee referred to above and in the Audit Committee charter, the Audit Committee recommended to the Board of Directors of the Company that the audited financial statements be included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

 

By the Audit Committee of the Board of Directors

 

J. Jeffery Morris

Marty Tullio

 

  15  
 

 PROPOSAL NO. 3

 

APPROVAL OF AMENDMENT TO AMENDED AND RESTATED ARTICLES OF INCORPORATION TO AUTHORIZE STOCKHOLDER ACTION BY WRITTEN CONSENT

 

Article 11 of our Amended and Restated Articles of Incorporation (“Amended and Restated Articles of Incorporation”) currently authorizes “any action required or permitted to be taken at a meeting of stockholders of the corporation without a meeting or a vote if either: (a) the action is taken by written consent of all stockholders entitled to vote on the action; or (b) so long as the corporation is not a public company, the action is taken by written consent of stockholders holding of record, or otherwise entitled to vote, in the aggregate not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote on the action were present and voted.”

 

The Board of Directors is recommending that the stockholders enact an amendment to effectuate the following action:

 

To authorize stockholder action taken by written consent of stockholders holding of record, or otherwise entitled to vote, in the aggregate not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote on the action were present and voted while the Company is public.

 

The Board of Directors recommends that the stockholders authorize our Board of Directors, at their election, to file such amendment to the Amended and Restated Articles of Incorporation. The proposed form of amendment to our Amended and Restated Articles of Incorporation to effect the above action is attached as Appendix A to this Proxy Statement (the “Amendment”).

 

If approved by our stockholders, the Amendment will become effective upon the filing of the amendment with the Nevada Secretary of State, which filing is expected to occur promptly after the Meeting.

 

Reasons for the Proposed Amendment

 

Currently, so long as the Company is public, the Amended and Restated Articles of Incorporation require any action to be taken by written consent of all stockholders entitled to vote on the action if such action is taken without a meeting. Practically, this prevents the stockholders from acting by written consent without a meeting. The primary benefit of the Amendment to the Amended and Restated Articles of Incorporation is to allow stockholders to act by written consent, which will help the Company reduce fees associated with holding annual and special meetings.

 

Vote Required

 

Under the Company’s Amended and Restated Articles of Incorporation, an amendment of the Articles of Incorporation must be approved by a majority of the votes in each voting group entitled to be cast on the matter. If you hold your shares in your own name and abstain from voting on this matter, your abstention will have the same effect as a negative vote. If you hold your shares through a broker and you do not instruct the broker on how to vote on this proposal, your broker will not have the authority to vote your shares. Broker non-votes will have no effect.

 

  16  
 

Recommendation of Board of Directors

 

The Board of Directors recommends that stockholders vote “FOR” the approval of the Amendment to the Amended and Restated Articles of Incorporation to authorize stockholder action by written consent.

 

ANNUAL REPORT

 

The Annual Report of the Company containing audited financial statements for the fiscal year ended December 31, 2020 is being mailed or made available electronically to stockholders simultaneously with this Proxy Statement.

 

WEBSITE

 

Information regarding the Company may be obtained from the Company’s website at https://ammx.net/investor-relations/sec-filings/#b2iSecScrollTo. Copies of the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and Section 16 reports by Company insiders, including exhibits and amendments thereto, are available free of charge on the Company’s website as soon as they are published by the Securities and Exchange Commission through a link to the reporting system maintained by the Securities and Exchange Commission. You may also request, without charge, a copy of the Company’s Annual Report on Form 10-K upon written request to the Company’s Corporate Secretary, Marty Tullio, AmeraMex International Inc., at 3930 Esplanade, Chico, California 95973.

 

 

STOCKHOLDER PROPOSALS

 

We intend to hold our 2022 Annual Meeting of Stockholders on November 4, 2022. The deadline for stockholders to submit proposals for inclusion in the Proxy Statement and form of proxy for the 2022 Annual Meeting of Stockholders is July 31, 2022. The proposals must be in a form compliant with our Bylaws and applicable law. Management of the Company will have discretionary authority to vote proxies obtained by it in connection with any stockholder proposal not submitted on or before the deadline. All proposals should be submitted by Certified Mail - Return Receipt Requested, to Marty Tullio, Secretary, AmeraMex International Inc., at 3930 Esplanade, Chico, California 95973. For any proposal that is not submitted for inclusion in next year’s Proxy Statement (as described in the preceding paragraph), but is instead sought to be presented directly at next year’s annual meeting, SEC rules permit management to vote proxies in its discretion if the Company (a) receives notice of the proposal before the close of business on August 1, 2022 and advises stockholders in next year’s Proxy Statement about the nature of the matter and how management intends to vote on the matter, or (b) does not receive notice of the proposal prior to the close of business on August 1, 2022.

 

OTHER MATTERS

 

The Board of Directors knows of no other matters, which will be brought before the Meeting, but if such matters are properly presented to the Meeting, proxies solicited hereby will be voted in accordance with the discretion of the persons holding such proxies. All shares represented by duly executed proxies will be voted at the Meeting and at any and all postponements or adjournments thereof in accordance with the terms of such proxies.

 

 

Dated: October 12, 2021   AMERAMEX INTERNATIONAL, INC.
     
  By: /s/ Lee Hamre
  Lee Hamre
    President & CEO

 

 

  17  
 

APPENDIX A

 

AMENDMENT TO

AMENDED AND RESTATED ARTICLES OF INCORPORATION of

ameramex international, inc.

 

ARTICLE 11 of the Amended and Restated Articles of Incorporation of AmeraMex International Inc. shall be amended to read in its entirety as follows:

 

ARTICLE 11. SHAREHOLDER ACTION BY WRITTEN CONSENT

 

Any action required or permitted to be taken at a meeting of shareholders of the corporation may be taken without a meeting or a vote if the action is taken by written consent of shareholders holding of record, or otherwise entitled to vote, in the aggregate not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote on the action were present and voted. To the extent the Nevada Revised Statutes requires prior notice of any such action to be given to nonconsenting or nonvoting shareholders, such notice shall be given before the date on which the action becomes effective. The notice shall be in the form of a record and shall contain or be accompanied by the same material that, under the Nevada Revised Statutes, would have been required to be delivered to nonconsenting or nonvoting shareholders in a notice of meeting at which the proposed action would have been submitted for shareholder action. Such notice shall be provided in the same manner as the Bylaws or these Amended and Restated Articles of Incorporation require or permit other notices to shareholders to be provided.

 

 

 

 

 

 

 

 

 

 

 

 

  18  
 

 

 

*** Exercise Your Right to Vote ***
Important Notice Regarding the Availability of Proxy
Materials for the Shareholder Meeting to Be Held on
December 2, 2021.

 

Meeting Information

Meeting Type: Annual Meeting

For holders as of: October 12, 2021

Date: December 2, 2021 Time: 2:00 p.m.., Local Time

Location: 3930 Esplanade, Chico, CA 95973

You are receiving this communication because you hold shares in AmeraMex International, Inc. (the “Company”).

 

This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at http://annualgeneralmeetings.com/AmeraMex/ or easily request a paper copy.

 

We encourage you to access and review all of the important information contained in the proxy materials before voting. Your Proxy Card will be automatically mailed to you in a separate mailing.

 

 

Before You Vote

How to Access the Proxy Materials

How to View Online:

Visit: http://annualgeneralmeetings.com/AmeraMex/

How to Request and Receive a PAPER or E-MAIL Copy:

If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO

charge for requesting a copy. Please choose one of the following methods to make your request:

1)    BY E-MAIL*: info@pacificstocktransfer.com

2)    BY TELEPHONE: 1-800-785-7782

 

* If requesting materials by e-mail, please put AmeraMex International, Inc. Annual Meeting in the subject line.

 

Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed above on or before November 17, 2021 to facilitate timely delivery.

 

  19  
 

How To Vote

Please Choose One of the Following Voting Methods

Vote In Person: Many shareholder meetings have attendance requirements including, but not limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance. At the meeting, you will need to request a ballot to vote your shares.

Vote By Internet: To vote by Internet, go to https://ipst.pacificstocktransfer.com/pxlogin. Have the control ID on your Proxy Card ready and follow the instructions.

 

Vote By Mail: You can vote by mail by requesting a paper copy of the materials, which will include a proxy card.

 

Voting Items

 

The Board of Directors recommends you vote FOR the following:

 

1.      Election of Directors

2.      Ratification of independent registered accounting firm, dbbmckennon, CPAs, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021

3.      To amend the Company’s Amended and Restated Articles of Incorporation to permit stockholder action by written consent by stockholders holding not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote on the action were present and voted.

  

 

  20  
 

 



AMERAMEX INTERNATIONAL, INC.

 

3930 ESPLANADE

CHICO, CA 95973



Proxy for: AMERAMEX INTERNATIONAL, INC.

Meeting date: December 2, 2021

 

Voting Instructions

 

You can vote by Internet
Instead of mailing your proxy, you may choose to vote on the Internet. Validation details including Control ID are located on this form.

Please vote immediately. Your vote is important.

Log on to the Internet and go to

https://ipst.pacificstocktransfer.com/pxlogin

 

See your Control ID below.

Follow the steps outlined on this secured Website.

Meeting Information

The Annual Meeting of Stockholders of AmeraMex International, Inc. will be held in person at 3930 Esplanade, Chico, CA 95973 and remotely via telephone at 1-201-689-8560 on December 2, 2021. The notice of materials and proxy card are being mailed to all stockholders eligible to vote at the Annual Meeting.

 

 

 

 

 

 

 

 

CONTROL ID: [●]
(For Internet Voting)

PROXY #: [●]

(For Mail In Voting)

 

*REGISTRAR MUST RECEIVE YOUR VOTING INSTRUCTIONS PRIOR TO 11:59PM PT ON DECEMBER 1*

     

 

PROXY CARD: RETURN ENTIRE PAGE IF MAILING IN

This Proxy will be voted in accordance with the directions given herein. If no direction is given, this proxy will be voted per the Board of Directors' recommendation. VOTING ITEMS CONTINUED ON BACK SIDE OF PROXY CARD.

A. Voting Items (Fill in only one box per nominee or item in black or blue ink)

 

*The Board of Directors recommends a vote FOR each of the matters and nominees listed below.

 

  1. Election of Directors (see Proxy Statement)

 

  *Lee Hamre   For □ Against  □ Abstain □   *J. Jeffery Morris For □ Against  □ Abstain □
                   
  *Marty Tullio   For □ Against  □ Abstain □   *Brian Hamre For □ Against  □ Abstain □
                   
            *Michael Maloney For □ Against  □ Abstain □
                   

 

2. Ratification of the appointment of auditors, dbbmckennon, CPAs, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021.

For □      Against □      Abstain □

3. To amend the Company’s Amended and Restated Articles of Incorporation to permit stockholder action by written consent by stockholders holding not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote on the action were present and voted.

For □     Against □      Abstain □

 

  21  
 

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting:

The Notice, Proxy Statement and Annual Report are available at http://annualgeneralmeetings.com/AmeraMex/

How to Request and Receive a PAPER or E-MAIL Copy:

If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a copy. Please choose one of the following methods to make your request:

1)        BY E-MAIL: info@pacificstocktransfer.com

2)        BY TELEPHONE: 1-800-785-7782 

     

 

PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

FOR THE ANNUAL MEETING OF SHAREHOLDERS ON DECEMBER 2, 2021

 

The undersigned hereby appoints Lee Hamre and Marty Tullio, agent and proxy, with full power of substitution, to represent the undersigned and to vote all shares of stock of AmeraMex International, Inc. that the undersigned is entitled to vote at the Annual Meeting of Stockholders of the Corporation to be held on December 2, 2021, and any adjournments thereof, upon all matters that may properly come before the annual meeting.

This Proxy, when properly executed, will be voted in the manner herein specified by the undersigned shareholder and at the discretion of the above-named Proxy upon such other matters as may properly come before the annual meeting. If no direction is made, this Proxy will be voted “FOR” the election of all proposals.

 

     

B. Authorized Signatures - This section must be completed for your vote to be counted.

Date and Sign Below.

Please sign exactly as your name or names appear on this Proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give the full titles as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign as partnership’s name by authorized person.

Signatures and Date:    ☐ I plan to attend the meeting on December 2, 2021
     
     

 

     

 ADDRESS CHANGE - This section is to write in an address change.

 

       If voting by mail, you must complete Sections A & B and mail in the provided envelope.

 

  22  

 

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