Company: AGSS
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001213900-25-091579
Chunk: 35

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-09-25
Form: 10-Q
Item: Item 2
Chunk 35
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 position of Chief Executive Officer of the Company, effective immediately, and
that the Board appointed as interim Chief Executive Officer Mr. Anderson, an independent director of the Board and member of the Audit
Committee and Compensation Committee.

On June 16, 2025, as previously reported on the
Company’s Current Report on Form 8-K filed on June 20, 2025, Mr. Garcia, pursuant to the Company’s bylaws, removed Mr. Anderson
and Russell Honore, an independent director of the Board and member of the Audit Committee and Compensation Committee, as board members
and appointed Wilhelm Cashen and Terry Slatic as board members to replace Messrs Anderson and Honore. On June 16, 2025, the Board also
removed Mr. Anderson from the position of Interim Chief Executive Officer, effective immediately, and appointed Mr. Garcia as Chairman
of the Board and Chief Executive Officer of the Company to assume such executive responsibilities effective immediately. The Board also
appointed Mr. Slatic and Mr. Cashen to be the members of the Audit Committee.

On June 17, 2025, the Company and Mr. Garcia filed
a Complaint in the District Court, Clark County, Case No. A-25-921392-B (Dept. 31) (the “Complaint”), against Mr. Anderson
and Mr. Honore. The Complaint seeks declaratory relief to declare that Mr. Garcia’s purported removal from the Company’s Board
of Directors on June 12, 2025, was in violation of the Company’s Bylaws and invalid; that Mr. Anderson and Mr. Honore are no longer
members of the Board, nor of any board committees; that the Board of Directors is comprised of three directors – Mr. Garcia, Mr.
Slatic, and Mr. Cashen; that Mr. Garcia is the Company’s Chief Executive Officer; and other relief. The Complaint also seeks damages
and injunctive relief against Mr. Anderson and Mr. Honore for conduct alleged to have been in violation of the Company’s Bylaws.

On June 23, 2025, Mr. Anderson and Mr. Honore,
on their own behalf and purportedly on behalf of the Company, filed an Answer and Counterclaim against Mr. Garcia, Mr. Cashen, Mr. Slatic,
and the Company’s Controller, Michael Goossen (“Mr. Goossen”). The Counterclaim alleges, among other things, that Mr.
Garcia failed to