QUANTUMSPHERE, INC (OTCMKTS:QSIM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On January 20, 2017, Francis C. Poli voluntarily resigned from
the Board of Directors of QuantumSphere, Inc. (the Company),
effective immediately. There were no disagreements between Mr.
Poli and the Company or any officer or director of the Company
which led to Mr. Polis resignation. Mr. Poli served on the Board
of Directors since October 2006. With his resignation, Mr. Poli
also resigned from his role as chairman of the Audit,
Compensation, Governance and Nominating, and Strategic Planning
and Operations Committees. Kevin Maloney, Chief Executive Officer
and President, will assume the chairman role of the Audit,
Compensation, Governance and Nominating, and Strategic Planning
and Operations Committees.
On January 20, 2017, Gregory L. Hrncir voluntarily resigned as
Chief Strategy Officer, General Counsel and Secretary of the
Company, effective immediately. There were no disagreements
between Mr. Hrncir and the Company or any officer or director of
the Company which led to Mr. Hrncirs resignation. Mr. Hrncir has
served in various capacities with the Company since November
2004.
About QUANTUMSPHERE, INC (OTCMKTS:QSIM)
QuantumSphere, Inc. (QSI) has developed a process to manufacture metallic nanopowders with end-use application focused on the chemical sector. The Company’s principal activities include capital formation, research and development, and marketing of its metallic nanopowder products. The Company manufactures various metals, bi-metallic alloys and catalysts at the nanoscale, including iron, silver, copper, nickel and manganese. It offers custom dispersions and integrated catalytic solutions for the energy storage and chemical sectors, including nanoscale gold, palladium, aluminum and tin. The Company’s products include QSI-Nano Iron, QSI-Nano Silver, QSI-Nano Copper, QSI-Nano Nickel and QSI-Nano Manganese. As of June 30, 2015, the Company had 16 gas phase condensation reactors, which it utilizes in the manufacture of nanocatalysts. With 16 reactors, the Company’s capacity was approximately 300 kilograms per month at June 30, 2015. QUANTUMSPHERE, INC (OTCMKTS:QSIM) Recent Trading Information
QUANTUMSPHERE, INC (OTCMKTS:QSIM) closed its last trading session down -0.00170 at 0.00440 with shares trading hands.
