8-KFiled Aug 31, 8:00 PM ET
Earth Science Tech Reports 2026 Annual Meeting Vote Results
$ETST · Earth Science Tech, Inc.Research Summary
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Earth Science Tech Reports 2026 Annual Meeting Vote Results
What Happened
- Earth Science Tech, Inc. (ETST) held its annual shareholders meeting virtually on August 31, 2026 and filed an 8-K on September 1, 2026 announcing the results. All seven nominated directors were elected. Semple, Marchal & Cooper, LLP was ratified as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2027. Shareholders also voted on several non-binding advisory proposals, including allowing the board to propose purchasing Series B Preferred Stock, pursuing a reverse stock split to qualify for uplisting, and executive compensation matters.
Key Details
- Meeting date: August 31, 2026; 8-K filed and press release issued September 1, 2026.
- Director elections (FOR votes / withheld / broker non-votes): Giorgio R. Saumat 240,480,448 / 167,500 / 10,964,593; Mario G. Tabraue 240,467,447 / 167,500 / 10,964,593; Ernesto L. Flores 240,029,703 / 618,245 / 10,964,593; Victoria Losada 240,034,772 / 618,245 / 10,964,593; Yovan Sanchez 178,435,892 / 618,545 / 10,964,593; Emiliano Curia 240,049,204 / 618,545 / 10,964,593; Jeff P.H. Cazeau 240,049,504 / 618,245 / 10,964,593.
- Auditor ratification (Proposal 2): For 251,434,584; Against 117,281; Abstain 208,573.
- Reverse stock split advisory (Proposal 4): For 247,674,256; Against 3,924,655; Abstain 161,527 (non-binding).
- Say-on-Pay (Proposal 5): For 238,178,988; Against 1,487,021; Abstain 1,129,836 (non-binding). Say-on-Frequency (Proposal 6): majority favored a 3-year frequency (3 Years: 226,172,786 votes).
Why It Matters
- Binding items: the board’s directors were re-elected and the auditor was ratified, which affects governance and reporting continuity.
- Non-binding advisory votes signal shareholder views: strong support for pursuing a reverse stock split to seek uplisting and general approval of executive compensation (say-on-pay), while the advisory to allow purchase/retirement of Series B Preferred Stock drew a large number of abstentions, indicating mixed shareholder sentiment.
- For investors, these results highlight board continuity and management-backed strategic moves (uplisting effort via reverse split); advisory outcomes guide but do not compel the board’s actions.