DELTA NATURAL GAS COMPANY, INC. (NASDAQ:DGAS) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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DELTA NATURAL GAS COMPANY, INC. (NASDAQ:DGAS) 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
A Special Meeting of Shareholders was held on June 1, 2017. At
that meeting, of the 7,133,022 shares outstanding and entitled to
vote, there were 4,888,968 shares of common stock, or 68.5%,
present in person or by proxy, which constituted a quorum. The
matters voted upon and the results of the vote are set forth
below.
Proposal One: Approval of the Agreement and Plan of Merger
Shareholders approved the Agreement and Plan of Merger, dated
February 20, 2017, with PNG Companies LLC, and Drake Merger Sub
Inc., a direct, wholly-owned subsidiary of PNG Companies LLC, and
the plan of merger set forth therein.
Voted For
Voted Against
Abstain
4,732,132
114,361
42,475
Proposal Two: Non-Binding Advisory Vote to Approve Compensation
Payable to the Executive Officers in Connection with the Merger
Shareholders approved the compensation that may be paid or may
become payable to our executive officers in connection with, or
following, the consummation of the merger.
Voted For
Voted Against
Abstain
3,201,602
1,616,994
70,372
Proposal Three: Approval of the Adjournment of the Special
Meeting, if necessary
Shareholders approved the adjournment of the special meeting, if
necessary.
Voted For
Voted Against
Abstain
4,486,772
348,501
53,695


About DELTA NATURAL GAS COMPANY, INC. (NASDAQ:DGAS)

Delta Natural Gas Company, Inc. distributes or transports natural gas to approximately 36,000 customers. The Company’s segments include regulated segment and non-regulated segment. Through regulated segment, the Company distributes natural gas to its retail customers in approximately 23 rural counties. Its three service areas are Nicholasville, Corbin and Berea, Kentucky. The non-regulated segment includes the Company’s three subsidiaries, Delta Resources, Inc. and Delgasco, Inc. (Delgasco), which purchase natural gas in the open market, including natural gas from Kentucky producers, and Enpro, Inc. (Enpro), which produces natural gas that is sold to Delgasco for resale in the open market. The Company owns approximately 2,600 miles of natural gas gathering, transmission, distribution and storage lines. These lines range in size over 12 inches in diameter. It also holds leases for the storage of natural gas under approximately 8,000 acres located in Bell County, Kentucky.

DELTA NATURAL GAS COMPANY, INC. (NASDAQ:DGAS) Recent Trading Information

DELTA NATURAL GAS COMPANY, INC. (NASDAQ:DGAS) closed its last trading session up +0.32 at 30.47 with 14,083 shares trading hands.