PANHANDLE OIL AND GAS INC. (NYSE:PHX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers
As previously announced, on July 23, 2018, Robert O. Lorenz retired from Panhandle Oil and Gas Inc.’s board of directors after serving on the board since 2003.
ITEM 5.07Submission of Matters to a Vote of Security Holders
Panhandle Oil and Gas Inc. (the “Company”) held its annual meeting (the “The Annual Meeting”) of shareholders on March 5, 2019, at The Oklahoma History Center in Oklahoma City, Oklahoma.A quorum consisting of approximately 86% of the Company’s Class A Common Stock issued and outstanding was represented either in person or by proxy.At the Annual Meeting the Company’s shareholders voted on the following proposals: (1) election of Robert E. Robotti and Christopher T. Fraser as directors to serve three-year terms; (2) ratification of selection of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm for fiscal year ended September 30, 2019; and (3) advisory vote on executive compensation.Voting results of the proposals are as follows:
|
Proposal #1 – Election of two directors for a term of three years: |
|||||
|
For |
Against |
Withheld |
Abstentions |
Broker Non-Votes |
|
|
Robert E. Robotti |
11,662,977 |
N/A |
296,747 |
N/A |
2,482,154 |
|
Christopher T. Fraser |
11,555,491 |
N/A |
404,233 |
N/A |
2,482,154 |
|
Proposal #2 – Ratification of selection of Independent Registered Public Accounting Firm: |
|||||
|
For |
Against |
Withheld |
Abstentions |
Broker Non-Votes |
|
|
Totals |
14,296,877 |
102,375 |
N/A |
42,626 |
|
|
Proposal #3 – Advisory vote on executive compensation: |
|||||
|
For |
Against |
Withheld |
Abstentions |
Broker Non-Votes |
|
|
Totals |
11,486,441 |
358,097 |
N/A |
115,186 |
2,482,154 |
About PANHANDLE OIL AND GAS INC. (NYSE:PHX)
Panhandle Oil and Gas Inc. is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on its mineral and leasehold acreage. The Company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states. The Company’s oil, natural gas liquids (NGLs) and natural gas production is primarily from wells located in Arkansas, Oklahoma and Texas. As of September 30, 2015, the Company’s principal properties consisted of perpetual ownership of 255,411 net mineral acres, held principally in Arkansas, New Mexico, North Dakota, Oklahoma, Texas and six other states; leases on 19,575 net acres primarily in Oklahoma, and working interests, royalty interests, or both, in 6,195 producing oil and natural gas wells, and 65 wells in the process of being drilled or completed.
