CARBON NATURAL GAS COMPANY (OTCMKTS:CRBO) 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
The annual meeting of the stockholders of Carbon Natural Gas
Company (Carbon) was held on June 22, 2017 (the Annual
Meeting), at which the stockholders voted on the following
matters:
| 1. |
The election of six (6) members (James H. Brandi, David H. Kennedy, Bryan H. Lawrence, Peter A. Leidel, Patrick R. McDonald and Edwin H. Morgens) to Carbons Board of Directors, each to serve until the next annual meeting of stockholders and until their successors have been elected and qualified; |
| 2. | Advisory vote on executive compensation; |
| 3. |
Advisory vote on the frequency of submitting executive compensation to an advisory vote of the stockholders; |
| 4. |
The appointment of EKSH LLLP, as Carbons independent registered accounting firm. |
Carbon did not solicit proxies with respect to the matters voted
upon at the Annual Meeting.The Board of Directors was re-elected
in its entirety and Carbon collected ballots reflecting the
approval (on an advisory basis) of its executive compensation as
follows:
|
Votes For |
Votes Against |
Abstained | ||||||||||
| Advisory vote on executive compensation | 3,223,012 | |||||||||||
Carbon also collected ballots reflecting the approval of
submitting executive compensation to an advisory vote of the
stockholders every three (3) years voted as follows:
| Every Year | Every 2 Years | Every 3 Years | ||||||||||
|
Advisory vote on frequency of submitting executive compensation to an advisory vote of the stockholders |
3,223,012 | |||||||||||
Carbon also collected ballots reflecting the approval of EKSH
LLLP as Carbons independent registered public accounting firm
voted as follows:
|
Votes For |
Votes Against |
Abstained | ||||||||||
| Appointment of independent registered public accounting firm | 3,223,012 | |||||||||||
About CARBON NATURAL GAS COMPANY (OTCMKTS:CRBO)
Carbon Natural Gas Company (Carbon) is a holding company. The Company owns and operates oil and natural gas and oil interests in the Appalachian and Illinois Basins of the United States. The Company produces and sells oil, natural gas, natural gas condensate and natural gas liquids. Carbon conducts its oil and natural gas operations through Nytis LLC. Carbon’s oil and gas properties are located in Illinois, Indiana, Kentucky, Ohio, Tennessee and West Virginia. Nytis LLC owns working interests in approximately 850 gross wells (over 570 net) and royalty interests located in Kentucky, Ohio, Tennessee and West Virginia, and has leasehold positions in approximately 17,000 net developed acres and over 184,800 net undeveloped acres. Nytis LLC owns working interests in approximately 60 gross (over 30 net) coalbed methane wells in the Illinois Basin, and has a leasehold position in approximately 1,700 net developed acres and over 66,700 net undeveloped acres.
