EP ENERGY CORPORATION (NYSE:EPE) 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. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(the Company) appointed Alan R. Crain, Jr. to serve on the
Companys Board of Directors, effective as of May 9, 2017. Mr.
Crain will also serve on the Boards Audit, Compensation and
Governance and Nominating Committees. Mr. Crain was appointed as
a Class I director, with an initial term expiring at the Companys
2018 annual meeting of stockholders. Mr. Crain was selected for
appointment by certain affiliates of Apollo Global Management,
LLC (collectively, the Apollo Sponsor) to the Apollo Sponsors
director designation rights under the Companys Stockholders
Agreement, dated as of August 30, 2013, by and among the Company
and the holders party thereto. There are no material
relationships between Mr. Crain and any of the Companys
directors, executive officers, or the immediate family members of
any such person and there are no family relationships between Mr.
Crain and any of the Companys directors or executive officers.
program, Mr. Crain will receive an annual cash retainer of
$70,000 for his services on the Board plus $7,500 for his service
on the Audit Committee, $5,000 for his service on the
Compensation Committee and $5,000 for his service on the
Governance and Nominating Committee. Mr. Crain will also receive
an annual equity grant of restricted stock with a value of
$175,000.
purposes of the listing standards of the New York Stock Exchange.
Holders.>
(the Company) was held on May 8, 2017. A total of 227,213,457
shares of the Companys Class A common stock entitled to vote were
present or represented by proxy at the meeting constituting a
quorum for the transaction of business. At the meeting, the
following proposals were presented for a stockholders vote: (i)
the election of four Class III directors; (ii) an advisory vote
on the compensation of the Companys named executive officers (say
on pay); and (iii) the ratification of the appointment of Ernst
Young LLP as the Companys independent registered public
accounting firm for the fiscal year ending December 31, 2017.
elected for a three-year term with the following voting results:
|
Nominee
|
For
|
Withhold
|
Broker Non-Votes
|
||||
|
Gregory A. Beard
|
208,614,310
|
10,071,739
|
8,527,408
|
||||
|
Scott R. Browning
|
213,730,244
|
4,955,805
|
8,527,408
|
||||
|
Keith O. Rattie
|
216,242,579
|
2,443,470
|
8,527,408
|
||||
|
Brent J. Smolik
|
216,394,574
|
2,291,475
|
8,527,408
|
||||
|
Robert M. Tichio
|
213,918,171
|
4,767,878
|
8,527,408
|
of the Companys named executive officers was approved with the
following voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|||
|
218,160,218
|
467,877
|
57,954
|
8,527,408
|
Companys independent registered public accounting firm for the
fiscal year ending December 31, 2017 was ratified with the
following voting results:
|
For
|
Against
|
Abstain
|
Broker Non-Votes
|
|||
|
226,871,999
|
247,251
|
94,207
|
–
|
About EP ENERGY CORPORATION (NYSE:EPE)
EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana). In its operating areas, it has identified approximately 5,710 drilling locations (including over 860 drilling locations to which it has attributed proved undeveloped reserves). The Company has proved reserves of approximately 546.0 million barrels of oil equivalent (MMBoe) and it has an average net daily production of over 109,680 barrel of oil equivalent per day (Boe/d). EP ENERGY CORPORATION (NYSE:EPE) Recent Trading Information
EP ENERGY CORPORATION (NYSE:EPE) closed its last trading session down -0.17 at 4.37 with 471,121 shares trading hands.