California Resources Corporation (NYSE:CRC) 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
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(a)
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California Resources Corporation 2017 Annual Meeting of
Stockholders (the Annual Meeting) was held on May 10, 2017. |
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(b)
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The following actions were taken at the Annual Meeting, for
which proxies were solicited to Regulation 14A under the Securities Exchange Act of 1934, as amended, and the final number of votes cast for, against or withheld, abstain and broker non-votes for each matter are set forth below: |
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1.
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The three nominees to be Class I directors proposed by the
Board of Directors were elected by the following votes: |
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Nominee
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For
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Against
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Abstentions
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Broker None-Votes
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||||||
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William E. Albrecht
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22,422,098
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314,563
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38,508
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14,134,990
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||||||
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Richard W. Moncrief
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22,535,542
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199,192
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40,435
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14,134,990
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||||||
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Todd A. Stevens
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22,550,659
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187,541
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36,969
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14,134,990
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2.
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The ratification of the selection of KPMG as our
independent registered public accounting firm for fiscal 2017 was approved. The proposal received 36,654,723 votes for; 175,625 votes against; and 79,811 abstentions. |
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3.
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The advisory vote to approve named executive officer
compensation was approved. The proposal received 19,396,610 votes for; 3,307,909 votes against; 70,650 abstentions and 14,134,990 broker non-votes. |
About California Resources Corporation (NYSE:CRC)
California Resources Corporation is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produces approximately 160 thousand barrels of oil equivalent per day (MBoe/d). It has net proved reserves of over 640 million barrels of oil equivalent (MMBoe). It operates approximately three drilling rigs across the state with over two located in the San Joaquin basin (steamflood activities) and approximately one in the Los Angeles basin (waterflood activities). It has drilled over 290 gross development wells with over 250 wells in the San Joaquin basin and approximately 30 wells in the Los Angeles basin. It has also drilled approximately three exploration wells in the San Joaquin basin. Its operations include approximately 140 fields with over 9,070 gross active wellbores. It sells its crude oil, natural gas and natural gas liquids production to marketers, California refineries and other purchasers. California Resources Corporation (NYSE:CRC) Recent Trading Information
California Resources Corporation (NYSE:CRC) closed its last trading session down -0.31 at 13.48 with 2,212,762 shares trading hands.
