Legacy Reserves LP (NASDAQ:LGCY) 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.
Legacy Reserves LP (the Partnership) was held on Tuesday, May 16,
2017 with respect to all proposals submitted to unitholders for
vote. At the Annual Meeting, the following four items were
submitted to unitholders for vote: (i) the election of nine
nominees to serve on the board of directors of Legacy Reserves
GP, LLC, the Partnerships general partner (the Board), during
2017 and until our next annual meeting, (ii) an advisory
(non-binding) vote on executive compensation, (iii) an advisory
(non-binding) vote on the frequency of future unitholder advisory
votes on executive compensation, and (iv) the ratification of the
appointment of BDO USA, LLP as independent registered public
accounting firm of the Partnership for the fiscal year ending
December 31, 2017. Out of a total of 72,624,954 units outstanding
and entitled to vote, 60,320,239 units (83.06%) were present at
the meeting in person or by proxy.
our general partner and each of the members were reelected. The
final results of the voting with respect to each nominee to the
board were as follows:
|
Nominee
|
For
|
Withheld
|
Broker Non-Votes
|
||||
|
Paul T. Horne
|
26,520,585
|
1,217,610
|
32,582,044
|
||||
|
Kyle D. Vann
|
27,022,340
|
715,855
|
32,582,044
|
||||
|
Cary D. Brown
|
26,436,599
|
1,301,596
|
32,582,044
|
||||
|
Dale A. Brown
|
26,473,181
|
1,265,014
|
32,582,044
|
||||
|
William R. Granberry
|
27,020,064
|
718,131
|
32,582,044
|
||||
|
G. Larry Lawrence
|
27,021,058
|
717,137
|
32,582,044
|
||||
|
Kyle A. McGraw
|
26,518,600
|
1,219,595
|
32,582,044
|
||||
|
Dwight D. Scott
|
26,544,224
|
1,193,971
|
32,582,044
|
||||
|
William D. Sullivan
|
27,040,092
|
698,103
|
32,582,044
|
||||
Compensation.
(non-binding) resolution approving executive compensation were as
follows:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|
23,665,981
|
2,130,785
|
1,941,429
|
32,582,044
|
Executive Compensation.
(non-binding) vote on the frequency of future unitholder advisory
votes on executive compensation were as follows:
|
For 3 Years
|
For 2 Years
|
For 1 Year
|
Abstain
|
Broker Non-Votes
|
|
11,295,717
|
417,560
|
14,171,838
|
1,853,080
|
32,582,044
|
unitholder input and will carefully review and consider these
results in setting the frequency of future advisory votes on
executive compensation.
Independent Registered Public Accounting Firm for the Fiscal Year
ending December 31, 2017
appointment of BDO USA, LLP as our independent registered public
accounting firm for the fiscal year ending December 31, 2017 were
as follows:
|
For
|
Against
|
Abstain
|
||||
|
57,743,421
|
847,295
|
1,729,523
|
About Legacy Reserves LP (NASDAQ:LGCY)
Legacy Reserves LP (Legacy) is a master limited partnership company. The Company is focused on the acquisition and development of oil and natural gas properties located in the Permian Basin, Rocky Mountain and Mid-Continent regions of the United States. The Company has proved reserves of approximately 164.2 million barrels of crude oil equivalent (MMBoe), of which over 73% are natural gas, approximately 27% are oil and natural gas liquids (NGLs) and over 97% are classified as proved developed producing. The Company has completed approximately 140 acquisitions of oil and natural gas properties. It owns interests in producing oil and natural gas properties in over 720 fields in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. Legacy’s fields and regions include East Texas, Spraberry/War San, Piceance Basin, Lea, Texas Panhandle, Deep Rock, Shafter Lake, Jalmat, Winchester and Denton. Legacy Reserves LP (NASDAQ:LGCY) Recent Trading Information
Legacy Reserves LP (NASDAQ:LGCY) closed its last trading session up +0.05 at 2.09 with 89,853 shares trading hands.
