---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-067690"
form_type: "8-K"
ticker: null
cik: "0001534155"
company_name: "Ameri Metro, Inc. (formerly Yellowwood)"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:01:56.827640+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ameri Metro removes CFO Philip Hicks for alleged unethical/illegal behavior; appoints interim CFO Frank Worrell

## Summary
- Philip M. Hicks removed from all positions effective immediately for unprofessional and unethical behavior, including self-dealing, false commitments, and misrepresentation.
- Specific allegations include excessive personal gain, unauthorized disclosures, and attempts to inflict reputational damage on officers.
- Frank E. Worrell appointed interim CFO; he is a CPA, CFF, former FBI Special Agent focused on corporate fraud, and CFO of GIFDA.
- No financial impact disclosed; company leadership cites illegal and unethical conduct.

## SEC filing metadata
- accession: 0001213900-24-067690
- form_type: 8-K
- cik: 0001534155
- company_name: Ameri Metro, Inc. (formerly Yellowwood)
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534155/000121390024067690/0001213900-24-067690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534155/000121390024067690/ea0211150-8k_ameri.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-067690
- JSON: https://secwatch.observer/filing/0001213900-24-067690.json
- Plain text: https://secwatch.observer/filing/0001213900-24-067690.txt

## Key facts
- Executive change
  Frank E. Worrell was named as Chief Financial Officer at Ameri Metro, Inc. (formerly Yellowwood).
  - Action: named
  - Role: Chief Financial Officer
  source text: Mr. Frank E. Worrell, CPA, CFF has been named interim Chief Financial Officer for Ameri Metro, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534155/000121390024067690/0001213900-24-067690-index.htm
- Executive change
  Philip M. Hicks was removed as Chief Financial Officer at Ameri Metro, Inc. (formerly Yellowwood).
  - Action: removed
  - Role: Chief Financial Officer
  source text: Effective immediately, Philip M. (“Marty”) Hicks has been removed from all positions in Ameri Metro, Inc. due to unprofessional and unethical behavior concerning Ameri Metro, Inc., related entities, and their operations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534155/000121390024067690/0001213900-24-067690-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.