Carrizo Oil Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Carrizo Oil Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

(e) Carrizo Oil Gas, Inc. (the Company) held its annual meeting
of shareholders on May 16, 2017, at 9:00 a.m., Central time, in
Houston, Texas (the 2017 Annual Meeting). At the 2017 Annual
Meeting, the Companys shareholders approved the 2017 Incentive
Plan of Carrizo Oil Gas, Inc. (the 2017 Incentive Plan). The 2017
Incentive Plan became effective immediately upon shareholder
approval.
The 2017 Incentive Plan is described in proposal 5 of the
Companys annual proxy statement filed with the Securities and
Exchange Commission on April 18, 2017 (the 2017 Proxy). The
foregoing and the description of the 2017 Incentive Plan
contained in the 2017 Proxy do not purport to be complete and are
qualified in their entirety by reference to the full text of the
2017 Incentive Plan, which is attached as Exhibit 10.1 to this
report and incorporated by reference herein.
Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
On May 16, 2017, the Company filed Articles of Amendment to the
Companys Amended and Restated Articles of Incorporation with the
Secretary of State of the State of Texas, which became effective
upon filing. The Company included a proposal in the 2017 Proxy
seeking shareholder approval to amend the Companys Amended and
Restated Articles of Incorporation to increase the number of
authorized shares of the Companys common stock from 90,000,000 to
180,000,000. The Companys proposal was approved by the Companys
shareholders at the 2017 Annual Meeting.
A copy of the Articles of Amendment as filed with the Secretary
of State of Texas is filed as Exhibit 3.1 to this report and is
hereby incorporated by reference herein.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The certified results of the matters voted upon at the 2017
Annual Meeting, which are more fully described in the 2017 Proxy,
are as set forth below.
The following nominees for directors were elected to serve
one-year terms:>
Nominee
For
Withheld
Broker Non-Votes
S.P. Johnson IV
56,861,439
763,724
4,171,810
Steven A. Webster
55,872,072
1,753,091
4,171,810
F. Gardner Parker
54,176,251
3,448,912
4,171,810
Thomas L. Carter, Jr.
53,565,780
4,059,383
4,171,810
Robert F. Fulton
57,151,433
473,730
4,171,810
Roger A. Ramsey
56,621,041
1,004,122
4,171,810
Frank A. Wojtek
53,941,563
3,683,600
4,171,810
The shareholders approved, on a non-binding, advisory basis, the
compensation of the Companys named executive officers:
For
Against
Abstain
Broker Non-Votes
55,562,415
2,021,947
40,801
4,171,810
The shareholders indicated their preference, on a non-binding
advisory basis, to conduct future advisory votes on the Companys
executive compensation annually:
1 Year
2 Years
3 Years
Abstain
52,050,526
16,425
5,438,099
120,113
Based on these voting results, at this time, the Company will
maintain its current policy of holding an advisory vote on
executive compensation every year.
The shareholders approved the amendment to the Companys Amended
and Restated Articles of Incorporation to increase the number of
authorized shares of common stock from 90,000,000 to 180,000,000:
For
Against
Abstain
Broker Non-Votes
52,798,861
8,830,848
167,264
The shareholders approved the 2017 Incentive Plan:
For
Against
Abstain
Broker Non-Votes
55,191,077
2,388,824
45,262
4,171,810

The shareholders ratified the appointment of KPMG LLP as the
Companys independent registered public accounting firm for the
fiscal year ending December 31, 2017:
For
Against
Abstain
Broker Non-Votes
61,454,977
215,695
126,301


About Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)

Carrizo Oil & Gas, Inc. is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania. The Company has a total production of over 13.4 million barrels of oil equivalent (MMBoe) per year. The Company’s proved reserves of over 170.6 MMBoe are over 64% crude oil, 12% natural gas liquids (NGLs) and 24% natural gas. It operates over 90% of the wells in Eagle Ford in which it holds an interest. It holds an average interest of over 88% in these operated wells. It owns leases covering approximately 291,610 gross (165,470 net) acres in the Eagle Ford, Niobrara, Utica and the Delaware Basin areas. It operates over 70 gross wells drilled in the Eagle Ford.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) Recent Trading Information

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) closed its last trading session down -0.39 at 24.19 with 1,679,014 shares trading hands.