GENIE ENERGY LTD. (NYSE:GNE) 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.
(b) Executive officers of Genie Energy Ltd. (the Registrant) are
appointed by its Board of Directors at each annual meeting of the
Board, to serve until the next annual meeting of the Board (or
their earlier resignation or removal). Mr. Ira A. Greenstein, who
had served as President of the Registrant, declined to stand for
re-election at the Registrants annual meeting of the Board held
on May 3, 2017.
Item 5.07 Submission of Matters to a Vote of Security
Holders.
(a) The Registrants Annual Meeting of Stockholders was held on
May 3, 2017 (the Meeting). Stockholders voted on the matter set
forth below.
(b) (1) A majority of the votes present or represented at the
Meeting by the holders of shares entitled to vote on the
following matter were voted in connection with the election of
each of the Board of Directors nominees named in the Proxy
Statement of the Registrant.
Elect Directors
The nominees for election to the Board of Directors were elected,
each for a one-year term, based upon the following votes:
| Nominee | Votes For | Votes Against | Abstentions | % Votes For | ||||||||||||
| James A. Courter | 5,970,116 | 269,616 | 95.68 | % | ||||||||||||
| Howard S. Jonas | 6,010,703 | 226,618 | 2,838 | 96.37 | % | |||||||||||
| W. Wesley Perry | 6,215,202 | 24,509 | 99.61 | % | ||||||||||||
| Alan B. Rosenthal | 6,220,155 | 19,323 | 99.69 | % | ||||||||||||
| Allan Sass | 6,219,862 | 19,430 | 99.69 | % | ||||||||||||
There were no broker held non-voted shares represented at the
Meeting with respect to this matter.
About GENIE ENERGY LTD. (NYSE:GNE)
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc. The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc. and Residents Energy, Inc., and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers. The Afek segment operates an oil and gas exploration project. The GOGAS segment is an oil and gas exploration company. The GOGAS segment consists of early-stage oil shale projects, including its interest in Genie Mongolia, Inc., an oil shale exploration project; American Shale Oil Corporation, which holds and manages an interest in AMSO, LLC, an oil shale development project, and Israel Energy Initiatives, Ltd., an oil shale development project. GENIE ENERGY LTD. (NYSE:GNE) Recent Trading Information
GENIE ENERGY LTD. (NYSE:GNE) closed its last trading session 00.00 at 7.25 with 59,061 shares trading hands.
