Latest Qualstar Corporation Stories

SIMI VALLEY, Calif., June 20, 2012 /PRNewswire/ -- Qualstar Corporation (Nasdaq: QBAK) today announced that, based on preliminary voting results, BKF Capital Group did not obtain the required votes and thus failed in its attempt to take over the Qualstar board. Certified voting results are expected from the independent inspector within the next 5 days. "We thank our shareholders for their support and confidence in our board and management team to continue to execute our turnaround...

SIMI VALLEY, Calif., June 14, 2012 /PRNewswire/ -- Qualstar Corporation (Nasdaq: QBAK) today announced that proxy advisory firm, Egan-Jones Proxy Services ("Egan-Jones"), has joined proxy advisory firm, Glass Lewis & Co. ("Glass Lewis"), in recommending that Qualstar shareholders follow the unanimous recommendation of Qualstar's Board to vote AGAINST BKF's proposal on the WHITE proxy card. After reviewing the proxy materials provided by both sides, Egan-Jones cites the...

SIMI VALLEY, Calif., June 14, 2012 /PRNewswire/ -- Qualstar Corporation (Nasdaq: QBAK) today responded to the communications coming from BKF Capital Group, which is attempting to take complete control of Qualstar's board with industry outsiders, including Steven Bronson, BKF's controlling shareholder and CEO. In support of their take-over attempt, BKF and Bronson are omitting material facts and making inaccurate and misleading statements that are critical for shareholders to...

SIMI VALLEY, Calif., June 13, 2012 /PRNewswire/ -- Qualstar Corporation (QBAK) today announced that Glass Lewis & Co. ("Glass Lewis") rejected BKF's attempt to oust the current Qualstar Board, including its CEO, and replace it with the five dissident nominees put forth by BKF Capital Group, a firm led by Steven Bronson. Qualstar issued the following statement: Glass Lewis rejected all of the BKF Group's nominees by recommending that shareholders vote AGAINST BKF's effort to...