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<P style="margin:0pt; text-indent:107.7pt; font-family:Times New Roman; font-size:12pt" align=justify>SECURITIES AND EXCHANGE COMMISSION</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:170.55pt; font-family:Times New Roman; font-size:12pt" align=justify>Washington, D.C. 20549</P>
<P style="margin:0pt; text-indent:230.4pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:202.6pt; font-family:Times New Roman; font-size:12pt" align=justify>FORM 8-K</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:177.9pt; font-family:Times New Roman; font-size:12pt" align=justify>CURRENT REPORT</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:148.7pt; font-family:Times New Roman; font-size:12pt" align=justify>Pursuant to Section 13 or 15(d) of</P>
<P style="margin:0pt; text-indent:142.5pt; font-family:Times New Roman; font-size:12pt" align=justify>the Securities Exchange Act of 1934</P>
<P style="margin:0pt; text-indent:228.9pt; font-family:Times New Roman; font-size:12pt" align=justify><U>&nbsp;</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center>Date of Report (Date of earliest event reported) September 9, 2009</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><U>QUALSEC</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><U>Wyoming</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center>(State or other jurisdiction of incorporation)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:108pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0-52907 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin:0pt; text-indent:339.8pt; font-family:Times New Roman; font-size:12pt" align=justify><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20-5776355 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(Commission File Number) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:295.3pt; font-family:Times New Roman; font-size:12pt" align=justify>(IRS Employer Identification No.)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><U><BR></U></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>1829 East Franklin Street, Chapel Hill, NC 27514</U></P>
<P style="margin:0pt; text-indent:427.8pt; font-family:Times New Roman; font-size:12pt" align=justify><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(Address of principal executive offices)</P>
<P style="margin:0pt; text-indent:407.75pt; font-family:Times New Roman; font-size:12pt" align=justify>(Zip Code)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>Registrant's telephone number, including area code: &nbsp;<U>(435) 713-0566</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify>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:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>[] Written communications pursuant to Rule 425 under the Securities Act</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</P>
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<BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>1</P>
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<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin-top:5pt; margin-bottom:-14pt; padding-left:-4.5pt; line-height:14pt; font-family:Times New Roman Bold; font-size:12pt" align=justify><B><U>Item 5.03</U>. </B></P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:-4.5pt; text-indent:76.5pt; line-height:14pt; font-family:Times New Roman Bold; font-size:12pt" align=justify><B><U>Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.</U></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify>A meeting of the shareholders was held on August 9, 2009, as set forth in an Information Statement mailed to shareholders of record on July 20, 2009. &nbsp;Shareholders holding 124,700,000 of the 170,000,000 outstanding shares approved the following actions, without absentions or votes in opposition:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-right:36pt; line-height:13.5pt; font-family:Times New Roman; font-size:12pt" align=justify><I>BE IT RESOLVED, that the Corporation amend its Articles of Incorporation to effect a reverse split of its common stock, at the rate of 1 new share for each 1,000 old shares by appending the following language at the end of Article Fourth of the Articles of Incorporation: &#147;Effective on the filing of this amendment with the Wyoming Secretary of State,, the Common Stock of the Corporation shall be reverse split, such that each holder of one thousand shares of the outstanding shares of Common Stock shall be entitled to receive one share of new Common Stock.</I></P>
<P style="margin:0pt; padding-left:18pt; padding-right:36pt; line-height:13.5pt; font-family:Times New Roman; font-size:12pt" align=justify><I><BR></I></P>
<P style="margin:0pt; padding-right:36pt; line-height:13.5pt; font-family:Times New Roman; font-size:12pt" align=justify><I>FURTHER RESOLVED, that the Board of Directors be, and the same hereby is, vested with discretion to reduce the reverse split ratio or to abandon the amendment.</I></P>
<P style="margin:0pt; padding-left:36pt; line-height:13.5pt; font-family:Times New Roman; font-size:12pt" align=justify><I><BR></I></P>
<P style="margin:0pt; line-height:13.5pt; font-family:Times New Roman; font-size:12pt" align=justify><I>RESOLVED, that a new Article NINTH is added to the Articles of Incorporation to read as follows in its entirety: &#147;NINTH: &nbsp;Any action required or permitted to be taken at a shareholders' meeting may be taken without a meeting, and without prior notice, if consents in writing setting forth the action so taken are signed by the holders of outstanding shares having not less than the minimum number of votes that would be required to authorize or take the action at a meeting at which all shares entitled to vote on the action were present and voted. &nbsp;The written consent shall bear the date of signature of the shareholder who signs the consent and be delivered to the corporation for inclusion in the minutes or filing with the corporate records.&#148;</I></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify>The Board of Directors exercised the discretion granted by the shareholders to reduce the reverse split ratio to 1-for-30. An amendment to the Articles of Incorporation was filed with the Wyoming Secretary of State on September 9, 2009, and is attached as an exhibit to this Current Report. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B><U>Item 8.01</U>.</B></P>
<P style="margin:0pt; text-indent:72pt; font-family:Times New Roman; font-size:12pt" align=justify><B><U>Other Events.</U></B></P>
<P style="margin:0pt; font-family:Arial; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:40.25pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The 1-for-30 reverse split has not yet been reflected on the OTC Bulletin Board. The Registrant has submitted an application to the Financial Regulatory Authority so that the reverse split will be reflected on the OTB Bulletin Board, but such application is still pending. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B><U>Item 9.01</U>. &nbsp;<U>Financial Statements and Exhibits.</U></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><B><BR></B></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:36pt; text-indent:-18pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>(a)</U></P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman; font-size:12pt" align=justify><U>Financial Statements.</U></P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman; font-size:12pt" align=justify>Not Applicable. </P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>&nbsp;(b) Exhibits</U></P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>3.3 Amendment to Articles of Incorporation to effect the reverse stock split and permit shareholder consent actions.</P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:36pt; font-family:Times New Roman; font-size:12pt" align=justify><B><U><BR></U></B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:37.5pt; font-family:Times New Roman; font-size:12pt" align=justify>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 thereunto duly authorized.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify>Dated: September 18, 2009</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><B><BR></B></P>
<B><P style="margin:0pt; text-indent:223.9pt; font-family:Times New Roman; font-size:12pt" align=justify>QUALSEC</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; text-indent:223.9pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>By: <U>/s/ Learned J. Hand</U></P>
<P style="margin:0pt; text-indent:459.2pt; font-family:Times New Roman; font-size:12pt" align=justify><U><BR></U></P>
<P style="margin:0pt; text-indent:223.9pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Learned J. Hand</P>
<P style="margin:0pt; text-indent:223.9pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR>
<BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>2</P>
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Converted by EDGARwiz
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 9, 2009
QUALSEC
(Exact name of registrant as specified in its charter)
Wyoming
(State or other jurisdiction of incorporation)
0-52907
20-5776355
(Commission File Number)
(IRS Employer Identification No.)
1829 East Franklin Street, Chapel Hill, NC 27514
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(435) 713-0566
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:
[] Written communications pursuant to Rule 425 under the Securities Act
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
1
Item 5.03
.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
A meeting of the shareholders was held on August 9, 2009, as set forth in an Information Statement mailed to shareholders of record on July 20, 2009.  Shareholders holding 124,700,000 of the 170,000,000 outstanding shares approved the following actions, without absentions or votes in opposition:
BE IT RESOLVED, that the Corporation amend its Articles of Incorporation to effect a reverse split of its common stock, at the rate of 1 new share for each 1,000 old shares by appending the following language at the end of Article Fourth of the Articles of Incorporation: "Effective on the filing of this amendment with the Wyoming Secretary of State,, the Common Stock of the Corporation shall be reverse split, such that each holder of one thousand shares of the outstanding shares of Common Stock shall be entitled to receive one share of new Common Stock.
FURTHER RESOLVED, that the Board of Directors be, and the same hereby is, vested with discretion to reduce the reverse split ratio or to abandon the amendment.
RESOLVED, that a new Article NINTH is added to the Articles of Incorporation to read as follows in its entirety: "NINTH:  Any action required or permitted to be taken at a shareholders' meeting may be taken without a meeting, and without prior notice, if consents in writing setting forth the action so taken are signed by the holders of outstanding shares having not less than the minimum number of votes that would be required to authorize or take the action at a meeting at which all shares entitled to vote on the action were present and voted.  The written consent shall bear the date of signature of the shareholder who signs the consent and be delivered to the corporation for inclusion in the minutes or filing with the corporate records."
The Board of Directors exercised the discretion granted by the shareholders to reduce the reverse split ratio to 1-for-30. An amendment to the Articles of Incorporation was filed with the Wyoming Secretary of State on September 9, 2009, and is attached as an exhibit to this Current Report.
Item 8.01
.
Other Events.
The 1-for-30 reverse split has not yet been reflected on the OTC Bulletin Board. The Registrant has submitted an application to the Financial Regulatory Authority so that the reverse split will be reflected on the OTB Bulletin Board, but such application is still pending.
Item 9.01
.
Financial Statements and Exhibits.
(a)
Financial Statements.
Not Applicable.
(b) Exhibits
3.3 Amendment to Articles of Incorporation to effect the reverse stock split and permit shareholder consent actions.
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 thereunto duly authorized.
Dated: September 18, 2009
QUALSEC
By:
/s/ Learned J. Hand
Learned J. Hand
Chief Executive Officer
2