BKF Capital Group Inc. (OTCQB: BKFG) today announced that it has sent a letter to Qualstar Corporation (NASDAQ: QBAK) demanding a special meeting of the shareholders of Qualstar to vote to remove the incumbent members of the board of directors, to fix the authorized number of directors and to elect new members to the board of directors. BKF owns 16.2% of Qualstar’s shares and is making the demand in accordance with Qualstar’s bylaws.
The text of the letter is set forth below:
BKF CAPITAL GROUP, INC.
225 N.E. Mizner Boulevard, Suite 400Boca Raton, Florida 33432 Tel. No. (561) 362-4199 April 30, 2012 VIA FACSIMILE TO (805) 583-7749 AND OVERNIGHT COURIER
|3990-B Heritage Oak Court|
|Simi Valley, CA 93603|
|Attention: Nidhi H. Andalon, Secretary|