Q E P : Quarterly Report for the period ending November 30, 2021

Q.E.P. CO., INC.

a Delaware corporation

1001 Broken Sound Parkway, NW, Suite A

Boca Raton, FL 33487

Telephone: [phone]

Corporate Website:www.qepcorporate.com

SIC Code: 3420

Quarterly Report

For the period ending: November 30, 2021

(the "Reporting Period")

The number of shares outstanding of our Common Stock is 3,309,000 as of November 30, 2021. The number of shares outstanding of our Common Stock is 3,309,000 as of February 28, 2021.

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes:

No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:

Yes:

No: ☒

Indicate by check mark whether a change in control of the company has occurred over this reporting period:

Yes:

No: ☒

Q.E.P. Co., Inc.

Quarterly Report

For the Fiscal Quarter Ended November 30, 2021

All information contained in this Quarterly Report has been compiled to fulfill the disclosure requirements of OTC Markets Group, Inc. and Rule 15c2-11 under the Securities Exchange Act of 1934. The captions contained herein correspond to the sequential format as set forth in the applicable disclosure guidelines of OTC Markets Group, Inc. All dollar amounts are presented in thousands except par values.

Forward-Looking Statements

This Quarterly Report contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this Quarterly Report, other than statements of historical facts, may constitute forward-looking statements within the meaning of the federal securities laws. These statements can be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These forward- looking statements include, but are not limited to, statements regarding emergence of the world from the COVID- 19 pandemic and the Company's belief that it is positioned to respond to evolving uncertainties related thereto, the Company's shifting of its focus to new challenges presented by (i) scarcity and rising cost for raw materials and transcontinental freight, (ii) the weakening U.S. Dollar, (iii) shifts in global sourcing patterns and (iv) general inflationary pressures, economic conditions, sales growth, price increases, profit improvements, product development and marketing, operating expenses, cost savings, acquisition integration, operational synergy realization, global sourcing, political uncertainty, cash flow, debt and currency exchange rates. Any forward- looking statements contained herein are based on current expectations and beliefs, and are subject to a number of risks and uncertainties. Forward-looking statements may also be adversely affected by general market factors, competitive product development, product availability, federal and state regulations and legislation, manufacturing issues that may arise, patent positions and litigation, among other factors. The forward-looking statements contained in this Quarterly Report speak only as of the date the statements were made, and the Company does not undertake any obligation to update forward-looking statements, except as required by law.

PART A GENERAL COMPANY INFORMATION

Item 1:The exact name of the issuer and its predecessor (if any).

Q.E.P. Co., Inc. (the "Company", "we", "us", or "our")

Item 2 The address of the issuer's principal executive offices.

Principal Executive Offices:

1001 Broken Sound Parkway, NW, Suite A

Boca Raton, FL 33487

Telephone: [phone]

Facsimile: 561-994-1530

Corporate Website: www.qepcorporate.com

Investor Relations Representatives:

Enos Brown, Executive Vice President, Chief Financial Officer & Treasurer (Email: [e-mail]); or

Adam Morgan, Chief Legal & Administrative Officer (Email: [e-mail])

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Q.E.P. Co., Inc.

Quarterly Report

For the Fiscal Quarter Ended November 30, 2021

Q.E.P. Co., Inc.

1001 Broken Sound Parkway, NW, Suite A

Boca Raton, FL 33487

Telephone: [phone]

Facsimile: 561-994-1530

Item 3 The jurisdiction(s) and date of the issuer's incorporation or organization.

Jurisdiction of incorporation: Delaware (Active)

Date of incorporation: August 5, 1996

PART B SHARE STRUCTURE

Item 4 Exact title and class of securities outstanding.

1. Common Stock
   Title: Q.E.P. Co., Inc.
   Class: Common Stock, $.001 par value
   CUSIP: 74727K 102
   Trading Symbol: QEPC
2. Preferred Stock (authorized, but no shares outstanding)
   Title: Q.E.P. Co., Inc.
   Class: Preferred Stock, $1.00 par value
   CUSIP: n/a
   Trading Symbol: n/a

Item 5 Par or stated value and description of the security.

1. Par or Stated Value.
   Common Stock: $.001 par value
   Preferred Stock: $1.00 par value
2. Common or Preferred Stock.
   1. Common Stock dividend, voting and preemptive rights:
   Cash dividend: Cash dividends may be paid on Common Stock when and if declared by the Company's Board of Directors. Cash dividends are not declared with any defined regularity. The most recent cash dividend was 5 cents ($.05) per share, paid on August 18, 2021.
   Stock dividend: Stock dividends may be paid on Common Stock when and if declared by the
   Company's Board of Directors. Stock dividends are not declared with any defined regularity. The most recent stock dividend was a 5% stock dividend distributed on February 19, 2021.

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Q.E.P. Co., Inc.

Quarterly Report

For the Fiscal Quarter Ended November 30, 2021

Voting rights: Each share is entitled to one vote.

Preemptive Rights: None.

1. Preferred Stock dividend, voting, conversion and liquidation rights as well as redemption or sinking fund provisions.
   N/A-no Preferred Stock outstanding
2. Describe any other material rights of common or preferred stockholders. N/A
3. Describe any provision in the issuer's charter or by-laws that would delay, defer or prevent a change in control of the issuer.
   The Company has a classified (also known as "staggered") board of directors which currently consists of six members who are divided into three classes consisting of two Class I, two Class II and two Class III directors. The directors in each class serve for a three-year term, one class being elected each year by the Company's stockholders. This system of electing and removing directors may tend to discourage a third party from making a tender offer or otherwise attempting to obtain control of the Company because it generally makes it more difficult for stockholders to replace a majority of the directors.

Item 6 The number of shares or total amount of the securities outstanding for each classof securities authorized.

The following table sets forth information concerning the equity securities at the end of the Company's most recent fiscal quarter ended November 30, 2021 and the end of each of its last two fiscal years ended February 28, 2021 and February 29, 2020, respectively.

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Q.E.P. Co., Inc.

Quarterly Report

For the Fiscal Quarter Ended November 30, 2021

Securities Authorized and Outstanding

Class	As of	Number of	Number of	Freely	Total Number of	Total Number
		Shares	Shares	Tradable	Beneficial	of Stockholders
		Authorized	Outstanding	Shares	Stockholders(1)	of Record(2)
				(public float)
Common	Quarter	20,000,000	3,309,000	3,309,000	2,917	15
Stock	ended
	11/30/2021
Common	Year ended	20,000,000	3,309,000	3,309,000	2,917	15
Stock	2/28/2021
Common	Year ended	20,000,000	3,139,000	3,139,000	2,917	15
Stock	2/29/2020
Preferred	Quarter	2,500,000	0	0	0	0
Stock	ended
	11/30/2021
Preferred	Year ended	2,500,000	0	0	0	0
Stock	2/28/2021
Preferred	Year ended	2,500,000	0	0	0	0
Stock	2/29/2020

(1)

(2)

Estimate of individual participants represented by security position listings who beneficially own at least 100 shares of the Company's Common Stock.

Excludes holders who hold their shares in street name.

Item 7 Name and address of the transfer agent.

Mail correspondence:

Computershare Limited

c/o Computershare Investor Services P.O. Box 505000

Louisville, Kentucky 40233-5000

Overnight correspondence:

Computershare Limited

462 South 4th Street Suite 1600 Louisville, Kentucky 40202

Telephone:

Toll: 781-575-3120

Toll Free: 800-962-4284

TTD for Hearing impaired: 800.231.5469

Shareholder website: http://www.computershare.com/investor

Shareholder online inquiries: https://www-us.computershare.com/investor/contact

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