<SUBMISSION>
<ACCESSION-NUMBER>0001179350-08-000012
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20071231
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20080401
<DATE-OF-FILING-DATE-CHANGE>20080401
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMERITYRE CORP
<CIK>0000945828
<ASSIGNED-SIC>3011
<IRS-NUMBER>870535207
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-50053
<FILM-NUMBER>08729798
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1501 INDUSTRIAL ROAD
<CITY>BOULDER CITY
<STATE>NV
<ZIP>89005
<PHONE>7022931930
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1501 INDUSTRIAL ROAD
<CITY>BOULDER CITY
<STATE>NV
<ZIP>89005
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>AMERICAN TIRE CORP
<DATE-CHANGED>19951117
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>kapralvpsalesform8kv14108.htm
<DESCRIPTION>AMTY FORM 8-K KAPRAL 4-1-08
<TEXT>
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<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
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<META NAME="date" CONTENT="03/31/2008">
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<DIV style="width:624px"><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center>Washington, D.C. &nbsp;20549</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Date of Report (Date of earliest event reported): <B>March 31, 2008</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:24px; margin:0px; font-size:21.333px" align=center><B><U>AMERITYRE CORPORATION</U></B></P>
<P style="margin:0px" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=212.8></TD><TD width=212.8></TD><TD width=212.8></TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0px" align=center><B><U>NEVADA</U></B></P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center><B><U>000-50053</U></B></P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center><B><U>87-0535207</U></B></P>
</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0px" align=center>(State or other jurisdiction</P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center>(Commission File Number)</P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center>(IRS Employer ID No.)</P>
</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0px" align=center>of incorporation)</P>
</TD><TD valign=top width=212.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=212.8><P style="font-size:2pt">&nbsp;</P></TD></TR>
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<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B><U>1501 Industrial Road, Boulder City, Nevada &nbsp;89005</U></B></P>
<P style="margin:0px" align=center>(Address of principal executive office)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Registrant's telephone number, including area code<B>: <U>(702) 294-2689</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Copies to:</P>
<P style="margin:0px" align=center>John C. Thompson, Esq.</P>
<P style="margin:0px" align=center>John C. Thompson, LLC</P>
<P style="margin:0px" align=center>1371 East 2100 South, #202</P>
<P style="margin:0px" align=center>Salt Lake City, Utah 84105</P>
<P style="margin:0px" align=center>Phone: (801) 363-4854</P>
<P style="margin:0px" align=center>Fax: (801) 606-2855</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">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 (see General Instruction A.2. below):</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0px">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0px">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0px">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><B>Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">Amerityre Corporation today announced that it has hired Michael Kapral, effective March 31<SUP>st</SUP> as its Vice President of Marketing. &nbsp;The press release announcement is attached hereto as an exhibit.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">Mr. Kapral brings to Amerityre a broad range of capabilities acquired during an extensive 25 year career in the tire and tire products industry. &nbsp;From 2001 to 2008, he has been the General Manager of the Tire Division at Carpenter Company in Richmond, Virginia. &nbsp;Prior to that, from 1995 to 2001, he was Territory Manager for Bridgestone Firestone Tire. Mr. Kapral&#146;s experience includes tire fill material manufacture and sales, retread manufacturing operations and consumer retail tire sales in tire product areas ranging from medium truck tires to off-the-road tires. &nbsp;He began his career working for his father in their retread shop, later moving into retail sales in their four store tire business located in Southern New York State. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">In connection with Mr. Kapral&#146;s employment, we have entered into an employment agreement that includes a base salary of $150,000 per year, with a potential cash performance bonus of up to 50% of his base salary based on the Company meeting or exceeding certain financial performance targets. &nbsp;The agreement also includes an award of 75,000 options for the purchase of shares of our common stock exercisable at $2.02 for five years, with 25,000 of the options vesting on March 31, 2009, 25,000 options vesting on March 31, 2010 and 25,000 options vesting on March 31, 2011. &nbsp;The term of the agreement is three years.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">There are no arrangements or understandings between Mr. Kapral and any other person pursuant to which he was selected as Vice President of Marketing. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 9.01 Financial Statements and Exhibits</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">Exhibit 99 - Press Release dated April 1, 2008</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Dated: &nbsp;April 1, 2008</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>AMERITYRE CORPORATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">By: /S/ Gary N. Benninger</P>
<P style="margin:0px">Gary N. Benninger</P>
<P style="margin:0px">Chief Executive Officer</P>
<P style="margin:0px"><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>f08apr01amtypressreleasemike.htm
<DESCRIPTION>KAPRAL PRESS RELEASE 4-1-08
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<DIV style="width:624px"><P style="line-height:18.667px; margin:0px; padding-left:48px; text-indent:-48px; font-size:16px" align=center><B>Amerityre Hires Michael Kapral as Vice President of Marketing</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><B>Boulder City, Nevada (April 1, 2008</B>) &#150; Amerityre Corporation (NASDAQ: AMTY), a leading developer of polyurethane tire technologies, today announced it has hired Michael Kapral, effective March 31<SUP>st</SUP> as its Vice President of Marketing. &nbsp;Mr. Kapral was most recently employed by the Carpenter Company, a privately held manufacturer of polyurethane materials and products, where he was General Manager of the Tire Products Division. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">&#147;We are pleased to have someone with Mike&#146;s knowledge of the tire and tire product markets on the Amerityre Management Team,&#148; commented Dr. Gary N. Benninger Amerityre&#146;s President and CEO. &nbsp;&#147;Mike will prove invaluable as we continue moving forward in the process of marketing and commercializing the technologies we have developed,&#148; he added. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Kapral brings to Amerityre a broad range of capabilities acquired during an extensive 25 year career in the tire and tire products industry. &nbsp;His experience includes tire fill material manufacture and sales, retread manufacturing operations, retail tire sales ranging from medium truck tires to off-the-road tires. &nbsp;Mike began his career working for his father in their retread shop, later moving into retail sales in their four store tire business located in Southern New York State. &nbsp;Before joining Carpenter, Kapral worked as the Medium Truck Territory Manager for Bridgestone/Firestone in Pennsylvania and Virginia.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">&#147;I am confident Amerityre polyurethane technologies will revolutionize the tire industry. &nbsp;I am very excited to have the opportunity to play a role in bringing this technology to the marketplace,&#148; commented Kapral.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">For more information on Amerityre, visit its website at <FONT COLOR=#0000FF><U>www.amerityre.com</U></FONT></P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px"><I>This release may contain statements that are forward-looking. Such statements, including those related to the prospects for and/or the benefits of Amerityre&#146;s polyurethane tire business are made based upon current expectations that are subject to risks and uncertainties. Such risks and uncertainties include the factors discussed in our Annual Report on Form 10-K for the year ended June 30, 2007, as well as subsequent Forms 10-Q and other filings with the Securities and Exchange Commission. Amerityre does not undertake to update forward-looking statements in this news release to reflect actual results of and changes in assumptions or changes in other factors affecting such forward-looking information.</I></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Company Contact:</P>
<P style="line-height:18.667px; margin:0px; font-size:16px">David P. Martin</P>
<P style="line-height:18.667px; margin:0px; font-size:16px; color:#0000FF"><FONT COLOR=#0000FF><U>dpmartin@amerityre.com</U></FONT><FONT COLOR=#000000> </FONT></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><FONT COLOR=#000000>(702) 293-1930 x121</FONT></P>
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