SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 10, 2012
Save The World Air, Inc.
(Exact Name of Registrant as Specified in Charter)
Registrant’s telephone number, including area code: (805) 845-3581
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 5.02(d) Election of Directors
On December 7, 2012, the Board of Directors of Save The World Air, Inc. (the “Company”) appointed Ryan K. Zinke as a new director of the Company to serve as a member of the Company’s Board of Directors until the Company’s next annual meeting of shareholders or until his successor is elected and qualified. Mr. Zinke accepted the appointment of the Board on December 10, 2012, effective December 17, 2012.
There is no arrangement or understanding between Mr. Zinke and any other persons pursuant to which he was selected as a director of the Company. Furthermore, the Company has not been since the beginning of the last fiscal year, and is not currently proposed to be, a participant in any related party transaction with Mr. Zinke within the meaning of Item 404(a) of Regulation S-K.
Mr. Zinke, as a member of the Board of Directors of the Company, will be entitled to receive fees, stock options, warrants or stock which may be granted by the Company to its directors.
Additionally, Mr. Zinke’s affiliate, Continental Divide, LLC (“Continental”), is a party to an Independent Contractor Agreement (the “IC Agreement”) with the Company, pursuant to which Continental has agreed to provide the Company, through Mr. Zinke, services relating to finance, business development, business strategies, business opportunities and related matters. Continental is wholly-owned by Mr. Zinke and his wife. The IC Agreement’s term is one (1) year and provides for monthly compensation payable to Continental of $5,000.00.
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 thereunto duly authorized.
Date: December 12, 2012