Item 5.02 Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Kenneth P. Mayeaux
Effective March 12, 2018,
the Board appointed Kenneth P. Mayeaux as a director of the Company. Mr. Mayeaux also serves as the Company’s Vice-President
of Operations, Secretary and Treasurer.
Kenneth P. Mayeaux, age
68, holds a Bachelor of Science in Analytical Management from the U.S. Naval Academy at Annapolis, MD and served as a U.S. Naval
Officer in engineering, operations and logistics positions for over six years. Following his naval service, Mr. Mayeaux completed
advanced business training at Louisiana State University and attended various Sales and Consulting training courses throughout
his career.
Educational background
and professional experience have culminated in Mr. Mayeaux, a results-oriented business executive, who brings over 25 years of
highly successful multi-manufacturing plant operations, project management, financial management, and consulting experience in
privately held building materials and chemical manufacturing, foreign owned, and Fortune 100 companies to Ameritek Ventures.
In his capacity as the
VP of Operations for Ameritek Ventures, Mr. Mayeaux brings his extensive plant operations, financial expertise, and management
expertise to the company management team. Further, Mr. Mayeaux brings his specialized skills in the areas of project oversight,
supply chain management, plant manufacturing operations, plant financial operations, compliance and legal oversight, to facilitate
the planned, strategic, and rapid expansion of Ameritek Ventures in the global, optical fiber marketplace.
Appointment of Jamie Mayeaux
Effective March 12, 2018,
the Board appointed Jamie Mayeaux as a director of the Company. Mrs. Mayeaux also serves as the Company’s Controller.
Jamie Mayeaux, age
59, holds a Bachelor of Arts from the University of South Florida in accounting and finance. Throughout her business career, Jamie
has owned and managed several successful privately held businesses, including real estate brokerages, an equipment leasing company,
a multi-specialty health clinic and a financial consulting business. Jamie is adept at identifying and structuring complex domestic
and international financial transactions and sourcing and creating investment opportunities using her extensive financial resources.
Jamie has come to
Ameritek Ventures as its Controller, utilizing her financial and management abilities to oversee all administrative functions of
the Company. She has the ability to develop intricate financial forecasts, evaluate new opportunities, prioritize company expenditures
and develop solid relationships with vendors and external financial service providers. She is adept in keeping management abreast
of the financial health of the company and keeping all regulatory reporting current.
