Matador Resources Company (NYSE:MTDR) Files An 8-K Submission of Matters to a Vote of Security Holders

Matador Resources Company (NYSE:MTDR) 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.

Matador Resources Company (the “Company”) held its Annual Meeting of Shareholders (the “Annual Meeting”) on June 7, 2018. On the April 13, 2018 record date, there were 109,263,103 shares of the Company’s common stock outstanding with each such share being entitled to one vote.

A total of 99,637,806 shares of the Company’s common stock were represented in person or by proxy at the Annual Meeting. The number of votes cast for, against or withheld, as well as abstentions and broker non-votes, as applicable, with respect to each matter is set forth below.

Proposal 1: Election of Directors

The shareholders elected William M. Byerley, Julia P. Forrester and Kenneth L. Stewart as Class I directors of the Company for a term expiring at the Annual Meeting of Shareholders in 2021 or the earlier death, retirement, resignation or removal of such director. The shareholders elected Timothy E. Parker and David M. Posner as Class III directors of the Company for a term expiring at the Annual Meeting of Shareholders in 2020 or the earlier death, retirement, resignation or removal of such director.

Nominee

VotesFor

VotesAgainst

Votes Abstained

Broker Non-Votes

William M. Byerley

82,916,745

6,088,105

12,218

10,620,738

Julia P. Forrester

80,400,604

8,605,871

10,593

10,620,738

Timothy E. Parker

88,179,817

825,333

11,918

10,620,738

David M. Posner

83,246,702

5,759,400

10,966

10,620,738

Kenneth L. Stewart

82,841,735

6,163,265

12,068

10,620,738

Proposal 2: Advisory Vote on Executive Compensation

The shareholders approved the non-binding advisory resolution approving the compensation of the Company’s named executive officers.

Votes For

VotesAgainst

VotesAbstained

BrokerNon-Votes

63,691,780

25,296,129

29,159

10,620,738

Proposal 3: Advisory Vote on the Frequency of Holding Future Advisory Votes on Executive Compensation

The shareholders voted in favor of “1 Year” as their preferred frequency for holding future advisory votes to approve the compensation of the Company’s named executive officers.

1 Year

2 Years

3 Years

VotesAbstained

BrokerNon-Votes

87,392,758

274,921

755,378

594,011

10,620,738

In light of these results and consistent with the recommendation of the Company’s Board of Directors (the “Board”) on this matter, the Board has determined that the Company will hold advisory votes to approve the compensation of its named executive officers every year until the next required advisory vote on the frequency of advisory votes approving executive compensation.

Proposal 4: Proposal to Ratify the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the Year Ending December 31, 2018

The shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2018.

Votes For

VotesAgainst

VotesAbstained

99,606,273

15,775

15,758


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.

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