Energen Corporation (NYSE:EGN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
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(b)
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In accordance with the Energen Corporation (Energen)
director retirement policy set forth in our Corporate Governance Guidelines, T. Michael Goodrich resigned from the Energen Board of Directors effective May 3, 2017. |
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ITEM 5.07
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Submission of Matters to a Vote of Security Holders
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We held our Annual Meeting of shareholders on May 3,
2017. There were 97,187,767 shares of common stock eligible to be voted at the Annual Meeting and 89,796,553 shares were represented in person or by proxy. Shareholders voted on the following proposals: |
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1.
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Three nominees for Director were elected for three-year
terms expiring 2020 as follows: |
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Kenneth W. Dewey
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For
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80,684,652
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Against
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2,355,220
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Abstain
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75,689
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Broker non-votes
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6,680,992
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M. James Gorrie
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For
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80,694,924
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Against
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2,335,255
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Abstain
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85,382
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Broker non-votes
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6,680,992
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James T. McManus, II
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For
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79,757,669
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Against
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3,244,634
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Abstain
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113,258
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Broker non-votes
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6,680,992
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One nominee for Director was elected for a one-year
term expiring in 2018. |
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Laurence M. Downes
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For
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80,890,898
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Against
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2,134,139
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Abstain
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90,524
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Broker non-votes
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6,680,992
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2.
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Proposal to ratify PricewaterhouseCoopers LLP as the
Companys independent registered public accountants – approved. |
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For
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89,350,607
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Against
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330,636
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Abstain
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115,310
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Broker non-votes
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3.
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Advisory vote on executive compensation – approved
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For
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79,580,632
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Against
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3,393,128
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Abstain
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141,801
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Broker non-votes
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6,680,992
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4.
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Advisory vote on the frequency of advisory votes on
executive compensation |
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1 year
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73,321,412
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2 years
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105,723
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3 years
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9,584,620
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Abstain
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103,806
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Broker non-votes
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6,680,992
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A majority of the shares voting on Proposal 4 voted
in favor of an annual frequency for say-on-pay votes. Consistent with the Boards prior recommendation and the advisory vote, the Board has approved an annual frequency for future say-on-pay votes. As a result, the Company expects that a say-on-pay vote will be held each year through 2023, when the next stockholder vote on the frequency of say-on-pay votes is required under the Exchange Act. |
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About Energen Corporation (NYSE:EGN)
Energen Corporation (Energen) is an oil and natural gas exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas properties and natural gas in the Permian Basin in west Texas and the San Juan Basin in New Mexico. It is focused on increasing its oil, natural gas liquids and natural gas production and proved reserves through active development and/or exploratory programs in the Permian Basin. All of its reserves are located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico. Its development activities have added over 300 million barrels of oil equivalent of reserves from the drilling of approximately 880 gross development, exploratory and service wells (including over one sidetrack well), and over 150 well recompletions and pay-adds. The Company’s operations are conducted through its subsidiary, Energen Resources Corporation (Energen Resources). Energen Corporation (NYSE:EGN) Recent Trading Information
Energen Corporation (NYSE:EGN) closed its last trading session up +0.44 at 52.03 with 1,214,421 shares trading hands.