MAGNEGAS CORPORATION (NASDAQ:MNGA) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders.

On November 21, 2016, MagneGas Corporation (the Company) held its
annual meeting of stockholders (the Meeting). At the Meeting, the
stockholders voted on the following three (3) proposalsdescribed
in detail in the Companys definitive information statement for
the Meeting (the Information Statement) filed with the Securities
and Exchange Commission on October 28, 2016. As of the record
date for the Meeting, there were approximately 51,939,304 shares
of the Companys common stock, par value $0.001 per share, issued
and outstanding and entitled to one vote for each share held. As
of the record date for the Meeting there were 1,000,000 shares of
the Companys Series A Preferred Stock, par value $0.001 per
share, held by Global Alpha LLC (the Majority Holder) issued and
outstanding and entitled to 100,000,000,000 votes.The Majority
Holder was present at the Meeting.As a result, there were
1,636,719 shares of common stock and 1,000,000 shares of Series A
Preferred Stock present and the aggregate number of votes was
100,001,636,719, constituting a quorum.

Proposal 1 To elect the nominees named in the
Information Statement to the Board of Directors (the
Board).

Based on the votes set forth above, the above-named
individualswere duly electedto serve as directors of the
Companyfor a term expiring until the next annual meeting or until
their successors shall have been elected and qualified, or until
their earlier death, resignation or removal.

Proposal 2 To ratify the appointment of Marcum LLP as
the Companys independent registered public accounting firm for
2016.

The stockholders ratified the appointment of Marcum LLP as the
Companys independent registered public accounting firm for the
fiscal year ending December 31, 2016 with the following votes:

Proposal 3 To hold an advisory vote on executive
compensation as required by the Dodd-Frank Wall Street Reform and
Consumer Protection Act (the Dodd-Frank Act).

The stockholders approved, on a non-binding advisory basis, the
compensation of the Companys named executive officers with the
following votes:

About MAGNEGAS CORPORATION (NASDAQ:MNGA)

MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions. The Company also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste (the Plasma Arc Flow System). Its products include the fuel called MagneGas2 for the metal working industry, the equipment primarily known in the firefighting industry, known as MagneTote, and the machines that produce MagneGas2, known as Plasma Arc Flow refineries. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI), a Florida corporation. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania.

MAGNEGAS CORPORATION (NASDAQ:MNGA) Recent Trading Information

MAGNEGAS CORPORATION (NASDAQ:MNGA) closed its last trading session down -0.020 at 0.455 with 963,611 shares trading hands.