American Resources Corp 8-K

What Happened

• American Resources Corporation announced on April 15, 2026 that the Board appointed Mark LaVerghetta (age 52) as a director and member of the Board’s Nominating Committee. He will receive the company’s standard non‑employee director compensation and has a BA in Economics from the University of Virginia.
• On the same date, Thomas Sauve stepped down from the Board effective immediately. Mr. Sauve had previously resigned as President and officer on December 25, 2025 but remains employed by the company in a non‑officer business strategy and development role. The filing states his board departure was not due to any disagreement with the company.
• Also on April 15, 2026 the company held its Annual Meeting of Stockholders and elected five directors and ratified its independent auditor.

Key Details

• Director elections: All five nominees were elected to serve until the 2027 annual meeting. Vote totals:
  • Mark C. Jensen: 31,790,540 for (98.14%), 602,885 withheld
  • Mark J. LaVerghetta: 25,058,326 for (77.36%), 7,335,098 withheld
  • Courtenay O. Taplin: 25,115,601 for (80.62%), 6,277,824 withheld
  • D. Joshua Hawes: 25,868,348 for (79.86%), 6,525,077 withheld
  • Dr. Gerardine G. Botte: 26,488,480 for (81.77%), 5,904,943 withheld
• Auditor ratification: Stockholders ratified GreenGrowth CPAs as the company’s independent registered public accounting firm for fiscal 2026 (61,770,593 for; 585,525 against; 721,513 abstentions).
• The company reported no related-party arrangements or transactions requiring disclosure concerning Mr. LaVerghetta.

Why It Matters

• Board composition and committee membership changes can influence corporate governance and strategic direction; Mark LaVerghetta’s appointment and committee role add new experience in strategy, capital markets and communications to the Board.
• Thomas Sauve’s transition from director (and earlier from President/officer) to a non‑officer strategy role means he remains involved operationally but without board voting duties.
• The auditor ratification provides continuity for financial reporting oversight for fiscal 2026. Investors should note the vote margins on director elections as an indicator of shareholder support levels.