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): ~~September~~December 1314, 2010

HQ Sustainable Maritime Industries, Inc.

(Exact name of registrant as specified in charter)

Delaware

001-33473

62-1407522

(State or other jurisdiction

of incorporation)

(Commission

file number)

(IRS employer

identification no.)

Melbourne Towers, 1511 Third Avenue, Suite 788, Seattle, WA

(Address of principal executive offices)

98101

(Zip code)

206-621-9888

Registrant’s telephone number, including area code

Not applicable

(Former name or former address, if changed since last report)

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~~1 3e-4(c) under the Exchange Act (17 CFR 240.~~13e~~1 3e-4(c))

~~ITEM~~Item 75.0102. ~~REGULATION~~Departure FDof ~~DISCLOSURE~~Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

OnAt ~~September~~the Annual Meeting of Stockholders of HQ Sustainable Maritime Industries, Inc. (the “Company”) held on December 1314, 2010, the Company’s stockholders approved the HQ Sustainable Maritime Industries, Inc. 2010 Stock Incentive Plan (the “~~Company~~2010 Plan”). ~~issued~~The a2010 ~~press~~Plan ~~release~~authorizes ~~announcing~~the ~~that~~Company ~~the~~to grant equity awards to directors, ~~Company~~employees ~~will~~(including beexecutive ~~participating~~officers), consultants and other service providers, as more fully described and summarized in the ~~Rodman &~~Company’s ~~Renshaw~~Proxy ~~Annual~~Statement, ~~Global~~which ~~Investment~~was ~~Conference~~included in ~~New~~the ~~York~~Schedule ~~City~~14A filed with the Securities and Exchange Commission on November 19, 2010. The ~~presentation~~2010 toPlan, bewhich ~~used~~was atincluded as Annex A to the ~~conference~~Proxy Statement, is ~~furnished~~incorporated ~~herewith~~herein asby ~~Exhibit 99~~reference.1 ~~and~~Copies aof ~~copy~~the Form of Incentive Stock Option Agreement, the ~~press~~Form ~~release~~of isNon-Qualified ~~furnished~~Stock Option Agreement and the ~~herewith~~Form of Restricted Stock Award Agreement are attached hereto as Exhibit 9910.2, ~~both~~Exhibit of10.3 ~~which~~and Exhibit 10.4, respectively, and are incorporated herein by reference.

~~The information contained in this~~ Item ~~7.01~~ is not “filed” for purposes of the Securities Exchange Act of 1934, as amended, and is not deemed incorporated by reference by any general statements incorporating by reference this report or future filings into any filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except to the extent the Company specifically incorporates the information by reference5. ~~By including this Item 7~~07.01 ~~disclosure~~Submission ~~in the filing~~ of ~~this~~ ~~Current~~Matters ~~Report on Form 8-K and furnishing this information, the Company makes no admission as~~ to ~~the~~a ~~materiality~~Vote of ~~any~~Security ~~information in this report that is required to be disclosed solely by reason of Regulation FD~~Holders.

~~ITEM~~The 9Company held its Annual Meeting of Stockholders on December 14, 2010.01 Proxies for the meeting were solicited pursuant to Section 14(a) of the Securities Exchange Act of 1934, and there was no solicitation in opposition to the board’s solicitation. There ~~FINANCIAL~~were ~~STATEMENTS~~three ~~AND~~matters ~~EXHIBITS~~acted upon at the meeting: (i) a proposal to elect seven directors for terms expiring at the 2011 Annual Meeting of Stockholders, (ii) a proposal to ratify the appointment of Schwartz Levitsky Feldman LLP, as the Company’s independent registered public accounting firm and (iii) a proposal to approve and adopt the HQ Sustainable Maritime Industries, Inc. 2010 Stock Incentive Plan. All three proposals were approved by the Company’s stockholders pursuant to the voting results set forth below.

(1)	Proposal to elect seven directors for terms expiring at the 2011 Annual Meeting of Stockholders


Nominee	For		Withheld
Norbert Sporns		105,428,813		925,231
Lillian Wang Li		105,350,451		1,003,593
Harry Wang Hua		105,425,738		928,306
Fred Bild		106,224,894		129,150
Kevin M. Fitzsimmons		106,230,144		123,900
Andrew Intrater		106,229,144		124,900
Daniel Too		106,226,344		127,700

(2)	Proposal to ratify the appointment of Schwartz Levitsky Feldman LLP, as the Company’s independent registered public accounting firm

For

Against

Abstain

Broker

Non-Votes

113,002,300

262,812

343,617

(3)	Proposal to approve and adopt the HQ Sustainable Maritime Industries, Inc. 2010 Stock Incentive Plan

For

Against

Abstain

Broker

Non-Votes

105,831,254

428,181

94,609

7,254,685

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Presentation Materials for the Rodman & Renshaw Annual Global Investment Conference.
10.1		HQ Sustainable Maritime Industries, Inc. 2010 Stock Incentive Plan (incorporated herein by reference to Annex A to the Company’s Proxy Statement, which was included in the Schedule 14A filed with the Securities and Exchange Commission on November 19, 2010)
99.2		Press Release issued on September 13, 2010.
10.2		Form of Incentive Stock Option Agreement
10.3		Form of Non-Qualified Stock Option Agreement
10.4		Form of Restricted Stock Award Agreement

SIGNATURES

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.

		HQ Sustainable Maritime Industries, Inc.	~~HQ Sustainable Maritime Industries, Inc.~~
	Date: September 14, 2010		By:	/s/ Norbert Sporns
Date: December 20, 2010		By:	/s/ Norbert Sporns
		Name:	~~Name:~~Norbert Sporns	~~Norbert Sporns~~
		Title:	~~Title:~~Chief Executive Officer and President	~~Chief Executive Officer~~

EXHIBIT INDEX

Exhibit No.		Description
99.1		Presentation Materials for the Rodman & Renshaw Annual Global Investment Conference.
10.1		HQ Sustainable Maritime Industries, Inc. 2010 Stock Incentive Plan (incorporated herein by reference to Annex A to the Company’s Proxy Statement, which was included in the Schedule 14A filed with the Securities and Exchange Commission on November 19, 2010)
99.2		Press Release issued on September 13, 2010.
10.2		Form of Incentive Stock Option Agreement
10.3		Form of Non-Qualified Stock Option Agreement
10.4		Form of Restricted Stock Award Agreement

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