ISRAMCO, INC. (NASDAQ:ISRL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders
On June 19, 2017, Isramco, Inc. (the Company) held its 2017
Annual Meeting of Stockholders (the Annual Meeting). The
following matters were voted on by the stockholders: (i) election
of six directors to hold office until the next annual meeting of
the shareholders and until their respective successors shall have
been duly elected and qualified, (ii) approval, by non-binding
advisory vote, compensation of the Companys executives as
disclosed in the proxy statement furnished to stockholders in
connection with the Annual Meeting (the Proxy Statement), (iii) a
non-binding advisory vote on the frequency of future non-binding
advisory votes to approve compensation of the Companys
executives, and (iv) the ratification of the appointment of
Malone Bailey, LLP (Malone) as the Companys auditors for the
Companys fiscal year ending December 31, 2017. Stockholders
representing 1,768,320 out of a total of 2,717,648 shares of
Common Stock appeared at the meeting in person or by proxy,
representing a quorum for the transaction of all business to be
considered at the meeting.
At the meeting, (i) Joseph From, Max Pridgeon, Nir Hasson, Haim
Tsuff, Frans Sluiter, and Asaf Yarkoni were re-elected as
directors, (ii) by non-binding advisory vote, the compensation
of the Companys executives, as disclosed in the Proxy
Statement, was approved, (iii) by non-binding advisory vote, a
majority of the Companys stockholders elected to hold future
non-binding advisory votes to approve the compensation of the
Companys executives every three years, and (iv) the appointment
of Malone as the Companys auditors for the Companys fiscal year
ending December 31, 2017 was ratified.
The final vote tallies were as follows:
1. Proposal to elect directors to serve until the 2018 Annual
Meeting of Stockholders.
|
Name |
Votes For |
Votes Withheld |
Broker Non-Vote |
|||||||||
|
Joseph From |
1,660,244 |
62,384 |
45,692 |
|||||||||
|
Max Pridgeon |
1,663,303 |
59,325 |
45,692 |
|||||||||
|
Nir Hasson |
1,720,616 |
2,012 |
45,692 |
|||||||||
|
Haim Tsuff |
1,717,452 |
5,176 |
45,692 |
|||||||||
|
Frans Sluiter |
1,720,629 |
1,999 |
45,692 |
|||||||||
|
Asaf Yarkoni |
1,720,116 |
2,512 |
45,692 |
2. Proposal to approve, by non-binding advisory vote,
compensation of the Companys executives as disclosed in the Proxy
Statement.
|
FOR |
AGAINST |
ABSTAIN |
Broker Non-Vote |
|||||||||||
|
1,719,788 |
2,214 |
45,692 |
3. Non-binding advisory vote on the frequency of future
non-binding advisory votes to approve compensation of the
Companys executives.
|
Every 1 Year |
Every 2 Years |
Every 3 Years |
ABSTAIN |
Broker Non-Vote |
||||||||||||||
|
66,044 |
1,655,138 |
45,692 |
4. Proposal to ratify the appointment of Malone as the Companys
auditors for the Companys fiscal year ending December 31, 2017.
|
FOR |
AGAINST |
ABSTAIN |
Broker Non-Vote |
|||||||||||
|
1,764,922 |
3,220 |
About ISRAMCO, INC. (NASDAQ:ISRL)
Isramco, Inc., together with its subsidiaries, is an independent oil and natural gas company. The Company is engaged in the exploration, development and production of oil and natural gas properties located onshore in the United States and offshore Israel. The Company also operates a production services company that provides a range of onshore production services to oil companies, and independent oil and natural gas production companies conducting operations in the United States. The Company operates through two segments: Oil and Gas Exploration and Production Segment, and Production services Segment. The Oil and Gas Exploration and Production Segment is engaged in the exploration and production of natural gas, crude oil, condensate and natural gas liquids (NGLs). The Production services Segment is engaged in rig-based and workover services, well completion and recompletion services, plugging and abandonment of wells and other ancillary oilfield services.