Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 383

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 6
Chunk 383
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 directors.

Payments to Directors totaled $135,000 for the
year ended December 31, 2024, and $120,000 for the year ended December 31, 2023.

17

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

Beneficial ownership is determined in accordance
with SEC rules and generally includes voting or investment power with respect to securities. All share ownership figures include shares
of our Common Stock issuable upon securities convertible or exchangeable into shares of our Common Stock within sixty (60) days of March
31, 2025 which are deemed outstanding and beneficially owned by such person for purposes of computing his or her percentage ownership,
but not for purposes of computing the percentage ownership of any other person.

    Name and Address 
    Beneficial Ownership  
    Percentage of Class(1) 
  
    Lawrence Garcia 
     80,578,125  
     86.47%
  
    Jason Bovell, CPA 
     1,000,000  
     1.05%
  
    Douglas Anderson* 
     3,515,625  
     3.70%
  
    Russel Honore’ 
     562,500  
     .59%
  
    All officers/directors as a group (4 people) 
     85,656,250  
     91.81%

    (1)
    Based on 94,918,292 shares of common stock outstanding as of December 31, 2024. 

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

Related Party Transactions

As of December 31, 2024, the subsidiary TransportUS
Inc., has a note receivable from AmeriGuard Security Systems, Inc. (SYS). SYS is a California Corporation, owned 100% by Lawrence Garcia,
the majority shareholder of AGSS. See financial statement Note 3 for additional information.

Independence of the Board of Directors

For a director to be “independent” under these standards, the Board must affirmatively determine that the director has no material relationship with us, either directly or as a partner, shareholder, or officer of an organization that has a relationship with us. Applying corporate governance standards, and all other applicable laws, rules and regulations, the Board of Directors has determined that one of our directors is independent. This does not constitute an independent