American Resources Corp Files Definitive Proxy Statement

TL;DR

ARC proxy statement filed. Shareholders vote on company matters.

AI Summary

American Resources Corporation filed a definitive proxy statement (DEF 14A) on June 5, 2024. The filing pertains to the company's annual meeting and related matters. The company, formerly known as NATURAL GAS FUELING & CONVERSION INC., is incorporated in Florida and headquartered in Fishers, Indiana.

Why It Matters

This filing is crucial for shareholders as it outlines the agenda for the company's annual meeting, including any proposals to be voted on, which can impact corporate governance and future strategy.

Risk Assessment

Risk Level: low — This is a routine filing for a public company and does not contain new financial information or strategic announcements that would inherently increase risk.

Key Players & Entities

• American Resources Corporation (company) — Registrant
• NATURAL GAS FUELING & CONVERSION INC. (company) — Former company name
• 0001654954-24-007399 (filing_id) — Accession Number
• 20240605 (date) — Filing Date

FAQ

Filing Documents

• arec_def14a.htm (DEF 14A) — 348KB
• arec_pre14aimg1.jpg (GRAPHIC) — 6KB
• arec_pre14aimg2.jpg (GRAPHIC) — 7KB
• arec_pre14aimg3.jpg (GRAPHIC) — 7KB
• arec_pre14aimg4.jpg (GRAPHIC) — 3KB
• arec_pre14aimg6.jpg (GRAPHIC) — 3KB
• 0001654954-24-007399.txt ( ) — 384KB

: Election of Directors

Item 1: Election of Directors 10 Item 2: Selection of GBQ Partners LLC as our independent registered public accounting firm for the fiscal year ending December 31, 2024 13 Corporate Governance 14 Related Party Transactions 18 Director Compensation 19 Stock Ownership 21 Executive Officers 23

Executive Compensation Tables

Executive Compensation Tables 24 Report of the Audit Committee 26 Principal Accounting Firm Fees 27 General Information 28 7 Table of Contents American Resources Corporation 12115 Visionary Way, Suite 174 Fishers, Indiana 46038 (317) 855-9926 www.AmericanResourcesCorp.com Proxy Statement FREQUENTLY ASKED QUESTIONS ABOUT VOTING Where is the Annual Meeting? The Annual Meeting will be completely virtual. Shareholders can attend the virtual Annual Meeting by registering at http://viewproxy.com/ AREC/2024/htype.asp. Why is the Annual Meeting a virtual meeting? We have decided to hold our Annual Meeting virtually as we continue to be sensitive to the public health impact of the COVID-19 pandemic and travel concerns of our shareholders and employees and the protocols that federal, state and local governments may impose. We believe that hosting a virtual meeting will enable greater shareholder attendance and participation from any location around the world. On what am I voting? The Board of Director have set forth a description of each item in this Proxy Statement. In summary, the Board of Directors and the Audit Committee have called the following items to a vote: The election of the five nominees named in this Proxy Statement as directors. The ratification of the appointment of GBQ Partners LLC as our independent registered public accounting firm for the fiscal 2024. Who may vote? Shareholders recorded in our stock register at the close of business on May 23, 2024 may vote at the meeting. As of that date, there were 79,179,958 shares of our common stock outstanding. How many votes do I have? You have one vote for each share of our common stock you owned as of the record date for the meeting. How do I vote? Our proxy materials are available to shareholders on the Internet and by mail. You may read, print and download our 2023 Annual Report on Form 10-K, Proxy Statement and proxy card at http://viewproxy.com/AREC/2024 . On an on

: ELECTION OF DIRECTORS

ITEM 1: ELECTION OF DIRECTORS Our board of directors currently has 5 members. The board of directors has nominated all 5 directors for election at the Annual Meeting, to serve until the 2025 Annual Meeting of Shareholders or until their respective successor(s) have been elected and qualified. Four of the directors were elected at the 2023 Annual Meeting, and we have one new nominated director. We believe that our directors should satisfy a number of qualifications, including demonstrated integrity, a record of personal accomplishment, a commitment to participation in board activities, as well as other attributes. We also endeavor to have a board that represents a range of qualifications, skills, and depth of experience in areas that are relevant to and contribute to the board's oversight and the Company's overall activities. The board considers these key experiences, qualifications, skills, attributes, and the nominees' other qualifications in determining to recommend that they be nominated to the board. Board Diversity Matrix as of January 1, 2024 Board Size: Total Number of Directors 5 Gender: Female Male Non-Binary Gender Undisclosed Directors 1 4 0 0 Number of Directors who identify in any of the categories below: African American or Black 0 0 0 0 Alaskan Native or Natice American 0 0 0 0 Asian (other than South Asian) 0 0 0 0 South Asian 0 0 0 0 Hispanic or Latinx 1 0 0 0 Native Hawaiian Or Pacific Islander 0 0 0 0 White 0 4 0 0 Two or More Races Or Ethnicities 0 0 0 0 LGBTQ+ 0 10 Table of Contents Nominees for Directors Each of our directors will be elected at this year's meeting to a one-year term expiring at the Annual Meeting of Shareholders in 2025. If any nominee becomes unavailable for election, the Board of Directors can name a substitute nominee, and proxies will be voted for the substitute nominee pursuant to discretionary authority. Listed below are the biographies of each d

View Full Filing

View this DEF 14A filing on SEC EDGAR