GOODRICH PETROLEUM CORPORATION (OTCMKTS:GDPMQ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

GOODRICH PETROLEUM CORPORATION (OTCMKTS:GDPMQ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Item 5.02

Departure of Certain Directors or Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
(e) Second Amendment to the Companys Management Incentive Plan
As described in Item 5.07 below, on May 23, 2017 at the Annual
Meeting, the Companys stockholders approved the Second Amendment
(the Second Amendment) to the Companys amended Management
Incentive Plan (the Plan) in order to increase the number of
shares reserved for issuance under the Plan by 1,500,000 shares.
A summary of the Second Amendment is set forth in the Companys
first amendment to the definitive proxy statement filed with the
Securities and Exchange Commission on May 3, 2017 (the Amended
Proxy Statement). That summary and the above description of the
Second Amendment do not purport to be complete and are qualified
in their entirety by reference to the Plan, as amended by the
Second Amendment, the complete description of which is
incorporated herein by reference to the Amended Proxy Statement.
Item 5.07
Submission of Matters to a Vote of Security Holders
The Company held its Annual Meeting on May 23, 2017. At the
meeting, the Companys stockholders were requested to: (1) elect
two Class I directors to serve on the Companys Board for a term
of office expiring at the Companys 2020 Annual Meeting of
Stockholders, (2) ratify the selection of Hein Associates LLP as
the Companys independent registered public accounting firm for
the fiscal year ending December 31, 2017, (3) approve on an
advisory basis, the compensation of certain of the Companys
executive officers set forth in the Proxy Statement (Named
Executive Officers), (4) approve on an advisory basis, the
frequency of future say-on-pay proposals and (5) approve the
amendment to the Companys Management Incentive Plan. Each of
these items is more fully described in the Companys definitive
proxy statement filed on April 20, 2017 and the first amendment
thereto filed on May 3, 2017.
The certified results of the matters voted upon at the Annual
Meeting are as follows:
Proposal No. 1 Election of Class I Directors: The election of
each Class I director was approved as follows:
Nominee
For
Withheld
Broker Non-Votes
Timothy D. Leuliette
6,813,510
167,446
Steven J. Pully
6,813,333
167,446
Proposal No. 2 Ratification of the Selection of Hein Associates
LLP: The ratification of the selection of Hein Associates LLP was
approved as follows:
For
Against
Abstain
Broker Non-Votes
6,979,631
1,460
Proposal No. 3 Approval of Named Executive Officer Compensation:
The compensation of the Companys Named Executive Officers was
approved as follows:
For
Against
Abstain
Broker Non-Votes
6,812,047
1,576
167,446
Proposal No. 4 Approval, on an Advisory Basis, of the Frequency
of the Stockholder Vote on the Compensation of the Companys Named
Executive Officers>: The holding of the advisory vote on the
compensation of the Companys Named Executive Officers every year
was approved on an advisory basis as follows:
One Year
Two Years
Three Years
Abstain
Broker Non-Votes
6,610,399
170,817
199,362
In accordance with the stockholders recommendation, the Company
has determined that it will continue to hold an advisory vote on
the compensation of its named executive officers every year,
until the next stockholder advisory vote on the frequency of the
advisory vote on the compensation of the Companys named executive
officers.
Proposal No. 5 Approval of the Amendment to the Companys
Management Incentive Plan: The Amendment to the Companys
Management Incentive Plan was approved as follows:
For
Against
Abstain
Broker Non-Votes
6,371,370
410,376
199,362


About GOODRICH PETROLEUM CORPORATION (OTCMKTS:GDPMQ)

Goodrich Petroleum Corporation is an independent oil and natural gas company. The Company is engaged in the exploration, development and production of oil and natural gas on properties primarily in Southwest Mississippi and Southeast Louisiana, which includes the Tuscaloosa Marine Shale Trend (TMS); Northwest Louisiana and East Texas, which includes the Haynesville Shale Trend, and South Texas, which includes the Eagle Ford Shale Trend. It has interests in over 193 producing oil and natural gas wells located in over 43 fields in over eight states of the United States. It has estimated proved reserves of approximately 9.1 million barrels of oil equivalent (MMBoe), consisting of over 31.9 billion cubic feet (Bcf) of natural gas and approximately 3.8 million barrels (MMBbls) of oil and condensate. It also maintains ownership interests in acreage and wells in various other fields, including Longwood field in Caddo Parish, Louisiana and the Garfield Unit in Kalkaska County, Michigan.

GOODRICH PETROLEUM CORPORATION (OTCMKTS:GDPMQ) Recent Trading Information

GOODRICH PETROLEUM CORPORATION (OTCMKTS:GDPMQ) closed its last trading session at 0.00792 with shares trading hands.

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