Matador Resources Company (NYSE:MTDR) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
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Amendments to Articles of Incorporation or Bylaws; Change
in Fiscal Year. |
Matador Resources Company (the Company) amended the Amended and
Restated Bylaws of the Company (as so amended, the Bylaws) to
implement a majority voting standard in uncontested director
elections (the Amendment). to the Bylaws, in an election of
directors at a meeting of shareholders at which a quorum is
present, (i) if the number of nominees exceeds the number of
directors to be elected (a contested election), directors shall
be elected by a plurality of the votes cast by the holders of
shares present in person or represented by proxy and entitled to
vote on the election of directors at such meeting and (ii) in an
election of directors that is not a contested election (an
uncontested election), directors shall be elected by a majority
of the votes cast by the holders of shares present in person or
represented by proxy and entitled to vote on the election of
directors at such meeting. For purposes of the Bylaws, in an
uncontested election, a majority of the votes cast means that the
number of shares voted for a director must exceed the number of
votes cast against that director.
a plurality of the votes cast, whether or not the election was a
contested election.
entirety by reference to the terms of the Bylaws, a copy of which
is filed as Exhibit 3.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
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Item 8.01
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Other Events.
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the Board approved and adopted an amendment to the Companys
Corporate Governance Guidelines (as amended, the Guidelines) on
December 21, 2016 to implement a resignation policy for directors
who fail to receive the required number of votes in an
uncontested election in accordance with the Bylaws.
www.matadorresources.com, on the Corporate Governance page under
the Investors tab. Documents and information on the Companys
website are not incorporated by reference herein.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description of Exhibit
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3.1
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Amended and Restated Bylaws of Matador Resources
Company, as amended. |
About Matador Resources Company (NYSE:MTDR)
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segment is oil and natural gas exploration and production. The Company’s operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. The Company’s properties include approximately 39,000 gross (29,300 net) acres in the Eagle Ford shale play in Atascosa, DeWitt, Gonzales, Karnes, La Salle, Wilson and Zavala Counties in South Texas. The Company operates approximately two rigs in the Eagle Ford shale in South Texas. Matador Resources Company (NYSE:MTDR) Recent Trading Information
Matador Resources Company (NYSE:MTDR) closed its last trading session up +0.34 at 25.46 with 499,028 shares trading hands.
