EQT CORPORATION (NYSE:EQT) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
On November9, 2017, EQT Corporation (the Company) held a special meeting of shareholders (the Special Meeting) to consider certain proposals related to the Agreement and Plan of Merger, dated as of June19, 2017 (as amended by Amendment No.1 dated October26, 2017, and as may be further amended from time to time, the Merger Agreement), by and among the Company, Eagle Merger Sub I,Inc., an indirect wholly owned subsidiary of the Company, and Rice Energy Inc. (Rice).
As of September25, 2017, the record date for the Special Meeting, there were approximately 173,832,392 shares of the Company’s common stock, no par value (Common Stock), outstanding, each of which was entitled to one vote for each proposal at the Special Meeting. At the Special Meeting, a total of 141,406,117 shares of Common Stock, representing approximately 81.3% of the outstanding shares of Common Stock entitled to vote at the Special Meeting, were present in person or by proxy, constituting a quorum to conduct business.
At the Special Meeting, the Company’s shareholders considered and voted upon the following proposals:
1. to approve the issuance of shares of Common Stock to stockholders of Rice in connection with the Merger Agreement (the Share Issuance Proposal);
2. to approve an amendment and restatement of the Company’s Restated Articles of Incorporation to provide that the number of members of the board of directors of the Company be not less than five nor more than fifteen (the Charter Amendment Proposal); and
3. to approve the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there were not sufficient votes to approve the Share Issuance Proposal (the Adjournment Proposal).
Each proposal was approved by the requisite vote of the Company’s shareholders. The final voting results are described below. For more information regarding the matters voted upon at the Special Meeting, see the Company’s definitive proxy statement filed with the Securities and Exchange Commission on October12, 2017.
Proposal1* |
SharesFor |
%Cast For |
Shares Against |
%Cast Against |
Shares Abstained |
||
Share Issuance Proposal |
118,410,283 |
83.74 |
% |
22,572,582 |
15.96 |
% |
423,252 |
Proposal2* |
Shares For |
%Cast For |
Shares Against |
%Cast Against |
Shares Abstained |
||
Charter Amendment Proposal |
118,487,728 |
83.79 |
% |
22,549,169 |
15.95 |
% |
369,220 |
Proposal3* |
Shares For |
%Cast For |
Shares Against |
%Cast Against |
Shares Abstained |
||
Adjournment Proposal |
110,140,364 |
77.89 |
% |
30,862,836 |
21.83 |
% |
402,917 |
* For purposes of the Share Issuance Proposal, any abstention will have the same effect as a vote against the proposal, and broker non-votes and the failure to vote are not votes cast and, accordingly, have no effect on the outcome of the proposal. For purposes of the Charter Amendment Proposal and the Adjournment Proposal, abstentions, broker non-votes and the failure to vote are not votes cast and, accordingly, have no effect on the outcome of such proposals.
Item 8.01. Other Events.
On November9, 2017, the Company issued a news release announcing the results of the Special Meeting. A copy of the news release is attached hereto as Exhibit99.1 and is incorporated in this Item 8.01 by reference.