Earth Science Tech shareholders approved pursuing a reverse stock split, with 247,674,256 votes cast in favor, valid for 12 months if needed to meet national exchange minimum bid requirements. The vote also supports negotiations to retire Series B Preferred Stock and maintain cash-only executive compensation to protect Shareholder Equity from dilution.

Key Highlights

  • Earth Science Tech shareholders authorized an independent Special Committee to negotiate retirement of the Series B Preferred Stock.
  • All seven director nominees were re-elected, including Giorgio R. Saumat, Mario G. Tabraue and Yovan Sanchez.
  • Semple, Marchal & Cooper, LLP was ratified as independent registered public accounting firm for the fiscal year ending March 31, 2027.

Earth Science Tech, Inc. (OTC: ETST) shareholders approved pursuing a reverse stock split, with 247,674,256 votes cast in favor, subject to a 12-month authorization. Shareholders also voted on Series B Preferred Stock retirement negotiations, executive compensation and director elections at the virtual annual meeting held Aug. 31, 2026.

Reverse Split Gets 12-Month Window

The Reverse Stock Split proposal received 247,674,256 votes for, 3,924,655 against and 161,527 abstentions. The vote was advisory and allows the board to pursue the reverse split if the stated condition is met. The company’s Sept. 1, 2026 announcement described the measure as part of its uplisting strategy.

Series B Retirement Talks Approved

The proposal received 115,345,214 votes for, 316,580 against, 125,134,051 abstentions and 10,964,593 broker non-votes. The vote authorizes negotiations rather than completing the retirement.

Cash Pay and Board Results

The non-binding Say-on-Pay proposal received 238,178,988 votes for, 1,487,021 against, 1,129,836 abstentions and 10,964,593 broker non-votes. Shareholders approved a cash-only executive compensation structure and a three-year review cycle. Earth Science Tech said the structure relies exclusively on performance-based cash bonuses and is intended to protect shareholder equity from stock dilution. The Say-on-Frequency proposal established the three-year review cycle for future non-binding executive compensation votes. All seven director nominees were re-elected. Giorgio R. Saumat received 240,480,448 votes for, 167,500 votes withheld and 10,964,593 broker non-votes, while Mario G. Tabraue received 240,467,447 votes for, 167,500 withheld and 10,964,593 broker non-votes. Ernesto L. Flores received 240,029,703 votes for, 618,245 withheld and 10,964,593 broker non-votes. Victoria Losada received 240,034,772 votes for, 618,245 withheld and 10,964,593 broker non-votes. Yovan Sanchez received 178,435,892 votes for, 618,545 withheld and 10,964,593 broker non-votes. Emiliano Curia received 240,049,204 votes for, 618,545 withheld and 10,964,593 broker non-votes, while Jeff P.H. Cazeau received 240,049,504 votes for, 618,245 withheld and 10,964,593 broker non-votes.

Auditor Ratification Confirmed

Shareholders ratified Semple, Marchal & Cooper, LLP as Earth Science Tech’s independent registered public accounting firm for the fiscal year ending March 31, 2027. The auditor proposal received 251,434,584 votes for, 117,281 against and 208,573 abstentions, with zero broker non-votes.