AMERIGUARD Reports Material Agreement, Officer Changes

Ticker: AGSS · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1514443

Ameriguard Security Services, Inc. 8-K Filing Summary
FieldDetail
CompanyAmeriguard Security Services, Inc. (AGSS)
Form Type8-K
Filed DateJan 16, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Key Dollar Amounts$412,500, $565,125, $17,660, $736,000, $800,000
Sentimentmixed

Complexity: simple

Sentiment: mixed

Topics: material-agreement, executive-change, compensatory-arrangements

TL;DR

**Ameriguard just announced a new major deal and executive shake-up, watch for strategic shifts.**

AI Summary

AMERIGUARD SECURITY SERVICES, INC. filed an 8-K on January 16, 2024, reporting events from December 7, 2023. The filing indicates the company entered into a material definitive agreement and experienced changes in its directors or officers, including compensatory arrangements. This matters to investors because significant agreements and executive changes can impact the company's strategic direction, financial health, and future performance, potentially affecting stock value.

Why It Matters

Changes in material agreements and executive leadership can signal shifts in company strategy or financial stability, directly influencing investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — Executive changes and new material agreements introduce uncertainty regarding future company direction and performance, warranting a medium risk assessment.

Analyst Insight

Investors should monitor subsequent filings for details on the material definitive agreement and the specific changes in directors/officers and their compensatory arrangements to assess the impact on AMERIGUARD SECURITY SERVICES, INC.'s future operations and financial health.

Key Players & Entities

  • AMERIGUARD SECURITY SERVICES, INC. (company) — the registrant filing the 8-K
  • December 7, 2023 (date) — date of the earliest event reported
  • January 16, 2024 (date) — date the 8-K was filed

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on December 7, 2023.

What specific items were reported under Item Information in this 8-K?

The 8-K reported 'Entry into a Material Definitive Agreement', 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', and 'Financial Statements and Exhibits'.

What is the business address of AMERIGUARD SECURITY SERVICES, INC.?

The business address of AMERIGUARD SECURITY SERVICES, INC. is 5470 W. Spruce Avenue, Suite 102, Fresno, CA.

What is the Commission File Number for AMERIGUARD SECURITY SERVICES, INC.?

The Commission File Number for AMERIGUARD SECURITY SERVICES, INC. is 333-173039.

Has AMERIGUARD SECURITY SERVICES, INC. had any former names?

Yes, AMERIGUARD SECURITY SERVICES, INC. was formerly known as HEALTH REVENUE ASSURANCE HOLDINGS, INC., HEALTH REVENEUE ASSURANCE HOLDINGS, INC., and ANVEX INTERNATIONAL, INC.

Filing Stats: 842 words · 3 min read · ~3 pages · Grade level 9.7 · Accepted 2024-01-16 14:05:30

Key Financial Figures

  • $412,500 — "VCG"), pursuant to which AGSS received $412,500 from VCG, for a purchase amount of $565
  • $565,125 — ,500 from VCG, for a purchase amount of $565,125. The purchased interest percentage was
  • $17,660 — was 8.48%. AGSS committed to paying VCG $17,660 weekly. On December 20, 2023, AGSS ent
  • $736,000 — "TVT"), pursuant to which AGSS received $736,000 from TVT, for a purchase price of $800,
  • $800,000 — 6,000 from TVT, for a purchase price of $800,000 and a purchased receivables amount of $
  • $1,199,200 — 0 and a purchased receivables amount of $1,199,200. The purchased interest percentage was
  • $49,966.67 — as 14.87%. AGSS committed to paying VCG $49,966.67 weekly. On January 2, 2024, AGSS enter
  • $504,000 — edar"), pursuant to which AGSS received $504,000 from Cedar, for a purchase price of $52
  • $525,000 — 000 from Cedar, for a purchase price of $525,000 and a purchased receivables amount of $
  • $719,250 — 0 and a purchased receivables amount of $719,250. The purchased interest percentage was
  • $22,476.56 — e was 12%. AGSS committed to paying VCG $22,476.56 weekly. Prior to the date of the respe

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On December 18, 2023, Ameriguard Security Services Inc. ("AGSS") entered into a revenue purchase agreement with Velocity Capital Group LLC ("VCG"), pursuant to which AGSS received $412,500 from VCG, for a purchase amount of $565,125. The purchased interest percentage was 8.48%. AGSS committed to paying VCG $17,660 weekly. On December 20, 2023, AGSS entered into a standard merchant cash advance agreement with TVT CAP ("TVT"), pursuant to which AGSS received $736,000 from TVT, for a purchase price of $800,000 and a purchased receivables amount of $1,199,200. The purchased interest percentage was 14.87%. AGSS committed to paying VCG $49,966.67 weekly. On January 2, 2024, AGSS entered into a standard merchant cash advance agreement with Cedar Advance LLC ("Cedar"), pursuant to which AGSS received $504,000 from Cedar, for a purchase price of $525,000 and a purchased receivables amount of $719,250. The purchased interest percentage was 12%. AGSS committed to paying VCG $22,476.56 weekly. Prior to the date of the respective agreement, AGSS had no relationship or dealings with VCG, TVT, nor Cedar.

02 Departure of Directors or Certain

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 7, 2023, the Board of Directors of AGSS resolved to appoint Jason Bovell as the Chief Financial Officer of AGSS and reassign Mike Goossen from Chief Financial Officer to Senior Controller. Accordingly, Mike Goossen, will cease to be AGSS' Chief Financial Officer but will be Senior Controller. There were no disagreements between Mike Goossen and AGSS. Mr. Jason Bovell, 42 is the new CFO of AmeriGuard Security Services, Inc. From 2013 to 2023, he was a Managing Director at Bovell Financial a full-service accounting firm and provided services such as Advisory, CFO Services, and Tax services to businesses, funds, and governmental agencies. From 2012 to 2013, he served as a Controller for an energy company (SEEA) in which he was tasked with building out the accounting department and creating a new accounting system that met the Department of Energy's approval. From 2010 to 2012, Mr. Bovell worked for the Center for Disease Control as a Senior Auditor & Cost Analyst. Prior to this, he worked for Cox Enterprises as a Tax Senior in 2006. Prior to this, Mr. Bovell worked for PricewaterhouseCoopers, in the tax practice with stints on the audit side as well. Mr. Bovell received a Bachelor of Arts degree in Business Administration with a concentration in Accounting from Morehouse College and a Master of Arts degree in Taxation from the University of Denver. 1

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1 Revenue purchase agreement, by and between Velocity Capital Group LLC and Ameriguard Security Services Inc., dated December 18, 2023. 10.2 Standard merchant cash advance agreement, by and between TVT CAP and Ameriguard Security Services Inc., dated December 20, 2023. 10.3 Standard merchant cash advance agreement, by and between Cedar Advance LLC and Ameriguard Security Services Inc., dated January 2, 2024. 99.1 Resolutions of the Board of Directors, dated December 7, 2023 2

SIGNATURES

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. January 16, 2024 Ameriguard Security Services Inc. /s/ Lawrence Garcia By: Lawrence Garcia Title: President 3

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