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AMERICAN SANDS ENERGY CORP. FILES (8-K) Disclosing Change in Directors or Principal Officers, Submission of Matters to a Vote of Security Holders

August 22, 2014



Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers



Following the annual meeting of stockholders of American Sands Energy Corp. (the "Company") discussed in Item 5.07 of this report, below, the Board of Directors approved the issuance of options to purchase shares of the common stock of the Company to William C. Gibbs, Chief Executive Officer and a Director, Daniel F. Carlson, Chief Financial Officer, Robin Gereluk, Chief Operation Officer, and each of the non-employee directors, which are William H. Champion, Mark F. Lindsey, Gayle McKeachnie, and Justin Swift. The terms of the options are the same for each person. The option awarded to each person covers 125,000 shares of Company common stock, has an exercise price of $0.65 per share (the last price reported on the OTC BB on August 21, 2014), vests in three equal annual installments beginning August 21, 2014, and expires on August 21, 2019. The options were granted under the terms and conditions of the Company's 2011 Long-term Incentive Plan.

Item 5.07 Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Stockholders held on August 21, 2014, the stockholders voted on the following two proposals:

1. The election of each of the following five director nominees for a term of one year and until their respective successors are duly elected and qualified: William C. Gibbs, William H. Champion, Mark F. Lindsey, Gayle McKeachnie, and Justin Swift.

2. To ratify the appointment of Tanner, LLC as our independent registered public accounting firm for the year ending March 31, 2015.

The final votes cast on the two proposals are as follows:

Proposal No. 1 Election of Directors

Name Votes For Votes Withheld Abstained

William C. Gibbs 19,410,088 -0- -0- William H. Champion 19,410,088 -0- -0- Mark F. Lindsey 19,410,088 -0- -0- Gayle McKeachnie 19,410,088 -0- -0- Justin Swift 19,410,088 -0- -0-



Proposal No. 2 Ratification of Appointment of Independent Accounting Firm

Votes For Votes Withheld Abstained

19,410,088 -0- -0-


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Source: Edgar Glimpses


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