PROFIRE ENERGY, INC. (NASDAQ:PFIE) Files An 8-K Submission of Matters to a Vote of Security Holders

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PROFIRE ENERGY, INC. (NASDAQ:PFIE) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to Vote of Security Holders



The Company held its annual Shareholder Meeting (the “Meeting”)
on June 15, 2017 in Lindon, Utah. Of the 50,359,343 total shares
of common stock of the Company that were issued and outstanding
on April 21, 2017, the record date for the Meeting, 43,564,947
shares, constituting approximately 87% of the total outstanding
shares, were represented in person or by proxy at the Meeting.


The matters voted on and the results of the votes were as
follows:


1. The shareholders elected five directors to the Company’s
board of directors for the ensuing year or until their successors
are elected and qualified. The votes regarding this proposal were
as follows:

Nominee


FOR


AGAINST


WITHHOLD


BROKER

NON-VOTES


Brenton W. Hatch


32,412,296


1,411,496


9,741,155


Harold Albert


32,413,696


1,410,096


9,741,155


Daren J. Shaw


28,448,871


5,374,921


9,741,155


Ronald R. Spoehel


28,448,871


5,374,921


9,741,155


Arlen B. Crouch


28,457,731


5,366,061


9,741,155



2. The shareholders ratified the selection of Sadler, Gibb
Associates, LLC as the Company’s independent registered public
accounting firm for the 2017 fiscal year. The votes regarding
this proposal were as follows:

Auditor


FOR


AGAINST


ABSTAIN


BROKER

NON-VOTES


Sadler, Gibb Associates


43,425,608


58,912


80,427





3. The shareholders approved an amendment to the Company’s 2014
Equity Incentive Plan. The votes regarding this proposal were as
followed:

Equity Incentive Plan


FOR


AGAINST


ABSTAIN


BROKER

NON-VOTES


Amendment


32,617,977


1,167,197


38,618


9,741,155



About PROFIRE ENERGY, INC. (NASDAQ:PFIE)

Profire Energy, Inc. is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels. It offers burner-management systems, which help to ignite, monitor and manage the burner flame. Its solution, the PF3100, helps manage and synchronize custom applications helping oilfield producers meet deadlines through an off-the-shelf solution with dynamic customization. It also sells complementary oilfield products. Such products help manage fuel flow (such as valves and fuel trains), meter air flow (such as airplates), generate power on-site (such as solar packages), ignite and direct flame (such as flare stack igniter and nozzles), and other functions. In addition to the burner-management systems and complementary technologies, it also offers chemical-management systems.

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