UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of Earliest Event Reported): June 26, 2018

 

QUALSTAR CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

California	001-35810	95-3927330
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

 

 

130 West Cochran Street, Unit C 

Simi Valley, California     93065

(Address of Principal Executive Offices)     (Zip Code)

 

(805) 583-7744

(Registrant’s Telephone Number, Including Area Code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company     □

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          □

 

 

Item 5.07     Submission of Matters to a Vote of Security Holders

 

On June 26, 2018, Qualstar Corporation (the “Company”) held its 2018 Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, 2,048,118 shares of our common stock were outstanding and entitled to vote, and 1,897,787 shares (or approximately 92.66% of the total voting shares) were represented at the meeting in person or by proxy.

 

Immediately following the Annual Meeting, the Company’s board of directors was comprised of Steven N. Bronson, David J. Wolenski, Leonard A. 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 Company’s 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			1,897,787				940,755				119,456				837,576
David J. Wolenski			1,897,787				927,605				132,606				837,576
Leonard A. Hagan			1,897,787				940,755				119,456				837,576
Nicholas A. Yarymovych			1,897,787				940,555				119,656				837,576

 

 

2.

Ratification of the appointment of RBSM, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2018.

 

Total Shares Voting on Matter			For				Against				Abstain				Broker Non-Votes
1,897,787				1,889,038				4,960				3,789				-

 

3.

Advisory vote on Executive Compensation (Say on Pay).

 

Total Shares Voting on Matter			For				Against				Abstain				Broker Non-Votes
1,897,787				764,006				281,826				14,379				837,576

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	QUALSTAR CORPORATION
Date:     June 28, 2018	By:   /s/ Steven N. Bronson
	Steven N. Bronson, President and CEO