Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 20, 2022, AmpliTech Group, Inc. (the "Company") entered into director
agreements (the "Director Agreements") with each of Matthew Kappers, Andrew Lee
and Daniel Mazziota, current directors of the Company. The Director Agreements,
substantially in the form attached hereto as Exhibit 10.1, have a one year term
and provide, among other things, that each of the directors shall be entitled to
fees for attendance at virtual meetings, reimbursement of expenses for attending
meetings and a grant of 15,000 restricted stock units pursuant to the Company's
2020 Equity Incentive Plan. The Director Agreements also provide for
termination upon notice by either party.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.1 Form of Director Agreement, by and between the applicable director
and the Company, dated January 20, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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