Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 6, 2020, Richard DiBartolomeo was provided sixty (60) days' notice
of the termination of his employment with Amesite Inc. Further, effective as of
November 6, 2020, Mr. DiBartolomeo has been designated as the Vice President of
Finance, and Ann Marie Sastry, Ph.D., has been appointed as the Interim Chief
Financial Officer of the Company. Dr. Sastry will serve as the Interim Chief
Financial Officer during the transition period and until such time as the
Company has appointed a new Chief Financial Officer.
Set forth below is the biographical information of Dr. Sastry, as required by
Item 401 of Regulation S-K
Dr. Sastry has been the President, Chief Executive Officer, and Chairman of
Amesite Inc. since the Company's incorporation in November 2017. From April 2008
to October 2015, Dr. Sastry served as the President, Chief Executive Officer,
member of the board of directors and co-founder of Sakti3, recognized as one of
the Massachusetts Institute of Technology's 50 Smartest Companies in 2015.
Backed by a global team of venture capitalists Sakti3 was sold to Dyson Ltd. in
2015 for $90 million. Dr. Sastry was invited to the White House in 2015 to be
recognized for her technology entrepreneurship, and meet with President Barack
Obama. From October 2015 to November 2017, Dr. Sastry continued on with Dyson as
head of the global solid state battery team, focusing on technology strategy and
advancement, staff and organizational growth, and partnership development. Her
technology and business work have been featured in the WSJ, Fortune, Forbes, the
Economist, USA Today, the New York Times and on the cover of Inc.
Prior to starting her companies, Dr. Sastry was a professor of engineering at
the University of Michigan. Dr. Sastry was named an Arthur F. Thurnau Professor
(UM's highest teaching honor) in 2008. Tenured and promoted early, Sastry was
recognized with some of the highest honors in her scientific fields over her 17
year academic career, including the ASME Frank Kreith Energy Award (2011) and
NSF's Presidential Early Career Award for Scientists and Engineers (1997). She
founded two academic research centers in intracellular signaling (Keck
Foundation) and advanced automotive batteries (GM / Department of Energy), and a
global graduate program in Energy Systems Engineering. She has co-authored over
100 publications and 100 patents and filings, and has delivered over 100 invited
lectures and seminars globally on a range of scientific and technology topics,
spanning mathematics, physics, bioscience and battery technology. Dr. Sastry is
active in philanthropy and business mentorship, with a focus on education and
poverty alleviation. She holds Ph.D. and M.S. degrees from Cornell University,
and a B.S. from the University of Delaware, all in mechanical engineering.
On November 12, 2020, the Company entered into a Severance Agreement and Release
with Mr. DiBartolomeo (the "DiBartolomeo Agreement") pursuant to which, among
other things, the Company agreed to pay Mr. DiBartolomeo four (4) months of
salary and COBRA health benefit payments in addition to his employment agreement
requirements in exchange for a general release.
The foregoing description of the DiBartolomeo Agreement is not intended to be
complete and is qualified in its entirety by reference to the full text of the
DiBartolomeo Agreement, a copy of which will be filed as an exhibit to the
Company's quarterly report on Form 10-Q for the quarter ended December 31, 2020.
Item 8.01 Other Events.
On November 12, 2020, the Company issued a press release announcing the
expansion of its sales and business team. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibits
Exhibit No. Description
99.1 Press release, dated November 12, 2020
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AMESITE INC. 
