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

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

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Item 5.07 Submission of Matters to a Vote of Security Holders

On June 13, 2017, Qualstar Corporation (the Company) held
its 2017 Annual Meeting of Shareholders (the Annual Meeting). At
the Annual Meeting, 2,042,019 shares of our common stock were
outstanding and entitled to vote, and 1,751,717 shares (or
approximately 85.78% of the total voting shares) were represented
at the meeting in person or by proxy.

Immediately following the Annual Meeting, the Companys board of
directors was comprised of Steven N. Bronson, David J. Wolenski,
Leonard Hagan and Nicholas A. Yarymovych, all of whom were
elected by the requisite vote of shareholders at the Annual
Meeting.

The following summarizes vote results for those matters submitted
to the Companys shareholders for action at the Annual Meeting:

1.

Election of four directors by the holders of our common
stock.

Director

Total Shares

Voting on Matter

For

Withheld

Broker

Non-Votes

Steven N. Bronson

1,751,717

871,173

370,637

509,907

David J. Wolenski

1,751,717

871,153

370,657

509,907

Leonard Hagan

1,751,717

871,173

370,637

509,907

Nicholas A. Yarymovych

1,751,717

871,153

370,657

509,907

2.

Approval of the Companys 2017 Stock Option and Incentive
Plan.

Total Shares

Voting on

Matter

For

Against

Abstain

Broker

Non-Votes

1,751,717

834,891

381,214

25,705

509,907

3.

Ratification of the appointment of RBSM, LLP as our
independent registered public accounting firm for the
fiscal year ending December 31, 2017.

Total Shares

Voting on

Matter

For

Against

Abstain

Broker

Non-Votes

1,751,717

1,374,751

376,440

4.

Advisory vote on Executive Compensation (Say on Pay).

Total Shares

Voting on

Matter

For

Against

Abstain

Broker

Non-Votes

1,751,717

836,487

379,618

25,705

509,907

5.

Advisory vote on frequency of advisory vote on Executive
Compensation (Say on Pay).

Total Shares

Voting on

Matter

1 Year

2 Years

3 Years

Abstain

Broker

Non-Votes

1,751,717

804,157

3,381

103,953

330,319

509,907


About QUALSTAR CORPORATION (NASDAQ:QBAK)

Qualstar Corporation is a provider of data storage systems marketed under the Qualstar brand and of power solutions marketed under the N2Power brand. The Company’s segments include Power Supplies and Data Storage. Under the Power Supplies segment, it designs, manufactures and sells open frame switching power supplies. Under the Data Storage segment, it designs, manufactures and sells automated magnetic tape libraries used to store, retrieve and manage electronic data primarily in network computing environments. The Company offers switching power supplies that provide power solutions to original equipment manufacturers for a range of markets, including communications networking, industrial, gaming, test equipment, light emitting diode (LED)/lighting, and medical, as well as other market applications. Its storage products provide data protection and archive storage systems, which are used to record, retrieve and manage electronic data, primarily in networked computing environments.

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