QS Energy, Inc. (OTCMKTS:QSEP) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
The Registrant held its annual meeting of stockholders on July 14, 2017, at which time the following individuals were elected to the following classes of Registrant’s Board of Directors:
| Class I: | Eric Bunting, M.D. |
| Thomas Bundros | |
| Class II: | Don Dickson |
| William Green | |
| Class III: | Jason Lane |
| Gary Buchler | |
| Richard Munn |
The appointment of Registrant’s independent auditors, Weinberg & Co., P.A., to serve as Registrant’s auditors for the year ending December 31, 2017, was ratified.
The proposal to amend Registrant’s Articles of Incorporation to increase the Company’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, requiring approval of a majority of Registrant’s issued and outstanding shares of common stock, was not approved.
On a non-binding advisory basis, the compensation and compensation program for the Registrant’s named executive officers was approved.
205,706,106 shares of Registrant’s common stock were entitled to vote. There were 143,222,717 shares of the Registrant’s common stock present in person and by proxy at the annual meeting, and a quorum was represented at the annual meeting in person and by proxy. The following summarizes vote results for those matters submitted to the Registrant’s stockholders for action at the annual meeting:
1.Proposal to elect seven (7) members of Registrant’s Board of Directors.
| Director: | For: | Against: | Abstain: |
| Garv Buchler | 84,509,087 | 352,000 | 389,263 |
| Thomas Bundros | 79,056,905 | 352,000 | 5,841,445 |
| Eric Bunting | 84,490,487 | 352,000 | 407,863 |
| Don Dickson | 79,053,408 | 352,000 | 5,844,942 |
| William Green | 84,486,590 | 352,000 | 411,760 |
| Jason Lane | 79,068,438 | 352,000 | 5,829,912 |
| Richard W. Munn | 84,492,487 | 352,000 | 405,863 |
2.Proposal to ratify the appointment of Weinberg & Co., P.A. as Registrant’s independent accountants for the year ending December 31, 2017.
| For: | Against: | Abstain: |
| 140,718,471 | 1,664,123 | 840,123 |
3. Proposal to amend Registrant’s Articles of Incorporation to increase the Company’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: |
| 80,210,073 | 4,074,221 | 966,056 |
4. Proposal, on a non-binding advisory basis, to approve the compensation and compensation program for the Registrant’s named executive officers.
| For: | Against: | Abstain: |
| 74,842,669 | 6,826,718 | 3,580,963 |
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.
