QUALSTAR CORPORATION (NASDAQ:QBAK) 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 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 |
|
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 |
|
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 |
|
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 |
|
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.
