Camber Energy, Inc. (NYSEMKT:CEI) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
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Submission of Matters to a Vote of Security Holders. |
At the Annual Meeting of Stockholders of Camber Energy, Inc. (the
Company) on March 22, 2017, six directors were elected for a term
expiring on the date of the annual meeting for the year ended
March 31, 2017. As to the nominee for director, the results of
the voting were as follows:
| Name of Nominee | For | Against* | ||||
| Richard N. Azar, II | 12,662,432 | 26,517 | ||||
| Anthony C. Schnur | 12,670,433 | 18,616 | ||||
| Alan W. Dreeben | 12,669,612 | 19,437 | ||||
| J. Fred Hofheinz | 11,705,419 | 983,530 | ||||
| Fred S. Zeidman | 11,721,268 | 967,681 | ||||
| Robert D. Tips | 12,671,028 | 17,921 | ||||
The result of the vote on the amendment to the Companys Articles
of Incorporation to increase the number of authorized shares of
common stock from 100,000,000 to 200,000,000 was as follows:
| For | Against | Abstain* | |||
| 12,421,092 | 266,879 |
The result of the vote on the amendment to the Companys Amended
and Restated 2014 Incentive Plan to increase the number of shares
available for issuance from 95,000 to 1,000,000 was as follows:
| For | Against | Abstain* | |||
| 11,586,054 | 1,109,651 |
The result of the vote on the ratification of GBH, CPAs, PC as
the Companys independent registered public accounting firm for
the year ended March 31, 2017 was as follows:
| For | Against | Abstain* | |||
| 12,767,905 | 6,270 | 13,159 |
The result of the advisory vote on the compensation of the
executive officers of the Company for the year ended March 31,
2016 was as follows:
| For | Against | Abstain* | |||
| 12,565,447 | 58,660 | 25,336 |
* There were no Broker Non-Votes on these proposals.
About Camber Energy, Inc. (NYSEMKT:CEI)
Camber Energy, Inc., formerly Lucas Energy, Inc., is an independent oil and natural gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas. As of March 31, 2016, the Company had leasehold interests (working interests) in approximately 8,395 gross acres or 8,309 net acres. Its total net developed and undeveloped acreage as measured from the surface to the base of the Austin Chalk formation is approximately 8,310 net acres. In deeper formations, it had approximately 1,909 net acres in the Eagle Ford oil window. As of March 31, 2016, the Company had produced an average of approximately 61 net barrels of oil equivalent per day (Boepd) from 26 active well bores. Camber Energy, Inc. (NYSEMKT:CEI) Recent Trading Information
Camber Energy, Inc. (NYSEMKT:CEI) closed its last trading session up +0.018 at 0.490 with 196,834 shares trading hands.