QS Energy, Inc. (OTCMKTS:QSEP) Files An 8-K Submission of Matters to a Vote of Security Holders

QS Energy, Inc. (OTCMKTS:QSEP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders

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The Registrant solicited the written consent of its stockholders on August 9, 2017, to approve a proposal to amend Registrant’s Articles of Incorporation to increase Registrant’s authorized shares of common stock from 300 million to 500 million and to create a new class of preferred stock and authorize the Registrant to issue up to 100 million shares of preferred stock (the “Proposal”), requiring approval of a majority of Registrant’s issued and outstanding shares of common stock.

The Registrant closed its consent solicitation on October 5, 2017, at which time the Proposal was approved by the written consent of a majority of Registrant’s issued and outstanding shares of common stock.

230,914,605 shares of Registrant’s common stock were entitled to vote on the Proposal as of the record date of August 7, 2017. The following summarizes consent results for the Proposal:

Proposal to amend Registrant’s Articles of Incorporation to increase Registrant’s authorized shares of common stock from 300 million to 500 million, and to create a new class of preferred stock and authorize the Registrant to issue up to 100 million shares of preferred stock.

For: Against: Abstain:
123,487,021 2,425,488 333,076


About QS Energy, Inc. (OTCMKTS:QSEP)

QS Energy, Inc., formerly Save The World Air, Inc., develops and commercializes energy efficiency technologies. The Company provides the energy industry with industrial equipment that are designed to deliver measurable performance improvements to crude oil pipelines. The Company’s primary technology is called Applied Oil Technology (AOT), a commercial-grade crude oil pipeline transportation flow-assurance product. AOT is used to manage the energy efficiency of oil pipeline pump stations. The AOT product has transitioned from the research and development stage to initial commercial production for the midstream pipeline marketplace. QS Energy Pool, Inc., a subsidiary of the Company, serves as a vehicle for the Company to explore, review and consider acquisition opportunities.

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