W&T Offshore, Inc. (NYSE:WTI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
|
Submission of Matters to a Vote of Security Holders. |
On May 3, 2017, WT Offshore, Inc. (the Company) held its 2017
Annual Meeting of Shareholders (the Annual Meeting) in Houston,
Texas.The proposals voted upon at the Annual Meeting and the
final voting results are indicated below.For additional
information on these proposals, please see the Companys
definitive proxy statement filed with the Securities and Exchange
Commission on March 24, 2017.
Proposal 1:To elect five directors to hold office until the 2018
Annual Meeting.All nominees were elected by the votes indicated.
|
Nominee |
Voted For |
Votes Withheld |
Abstentions |
Broker Non-Votes |
|
Ms. Virginia Boulet |
93,753,510 |
6,550,582 |
92,976 |
26,128,318 |
|
Mr. Stuart B. Katz |
99,044,791 |
1,254,210 |
98,067 |
26,128,318 |
|
Mr. Tracy W. Krohn |
99,249,412 |
1,056,398 |
91,258 |
26,128,318 |
|
Mr. S. James Nelson, Jr. |
94,140,367 |
6,165,023 |
91,678 |
26,128,318 |
|
Mr. B. Frank Stanley |
93,805,065 |
6,494,575 |
97,428 |
26,128,318 |
Proposal 2: To approve an amendment to the Companys Amended and
Restated Incentive compensation Plan, as amended, to increase the
number of authorized shares of common stock.The proposal was
approved by the votes indicated.
|
Voted For |
Voted Against |
Abstentions |
Broker Non-Votes |
|
93,196,309 |
7,076,563 |
124,196 |
26,128,318 |
Proposal 3: To approve an amendment to, and all material terms
of, the Companys Amended and Restated Incentive Compensation
Plan, as amended, for purposes of Section 162(m) of the Internal
Revenue Code.The proposal was approved by the votes indicated.
|
Voted For |
Voted Against |
Abstentions |
Broker Non-Votes |
|
99,558,861 |
687,665 |
150,542 |
26,128,318 |
Proposal 4: To ratify the appointment of Ernst Young LLP as the
Companys independent registered public accountants for the year
ended December 31, 2017. The proposal was approved by the votes
indicated.
|
Voted For |
Voted Against |
Abstentions |
Broker Non-Votes |
|
125,288,769 |
329,372 |
907,245 |
Proposal 5: To approve, on an advisory basis, the compensation of
our names executive officers.The proposal was approved by the
votes indicated.
|
Voted For |
Voted Against |
Abstentions |
Broker Non-Votes |
|
91,110,722 |
9,142,325 |
144,021 |
26,128,318 |
Proposal 6: To approve, on an advisory basis, the frequency of
future advisory votes on the compensation of our named executive
officers to occur every three years, every two years or every
year. The voting for the proposal indicated the frequency to be
one year by the votes indicated.
|
1 year |
2 years |
3 years |
Abstentions |
|
53,767,662 |
206,038 |
46,291,550 |
131,818 |
About W&T Offshore, Inc. (NYSE:WTI)
W&T Offshore, Inc. is an independent oil and natural gas producer. The Company is engaged in the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico. The Company owns a platform in the Gulf of Mexico located in a National Marine Sanctuary. The Company’s fields are located in federal and state waters in the Gulf of Mexico. The fields are found in water depths ranging from 10 feet to 7,200 feet. The Company’s fields include Ship Shoal 349 Field (Mahogany), Fairway Field, Miss. Canyon 243 (Matterhorn), Viosca Knoll 783 (Tahoe/SE Tahoe), Miss. Canyon 782 (Dantzler), Main Pass 108, Brazos A133, Ewing Bank 910, Miss. Canyon 698 (Big Bend) and Miss. Canyon 538/582 (Medusa). The Company sells its crude oil, natural gas liquids (NGLs) and natural gas to third-party customers. The Company’s subsidiary is W & T Energy VI, LLC. W&T Offshore, Inc. (NYSE:WTI) Recent Trading Information
W&T Offshore, Inc. (NYSE:WTI) closed its last trading session 00.00 at 1.91 with 2,039,883 shares trading hands.
