OASIS PETROLEUM INC. (NYSE:OAS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 of Form 8-K its decision following its annual meeting of stockholders as to the frequency with which it will include a stockholder vote on the compensation of executives in its annual meeting proxy materials until the next required vote on the frequency of stockholder votes on the compensation of executives. This Amendment No. 1 does not otherwise amend or modify the May 9, 2017 Form 8-K in any way.

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Company’s Annual Meeting of Stockholders held on May 4, 2017, the Company’s stockholders voted on, among other things, an advisory proposal concerning the frequency of future advisory votes on executive compensation. As reported in the Company’s Current Report on Form 8-K dated May 9, 2017, at the meeting, consistent with the recommendation of the Company’s Board of Directors, stockholders cast the highest number of votes for an annual frequency instead of a biennial (every two years) or a triennial (every three years) frequency. In light of this vote and other factors, the Company’s Board of Directors has determined that the Company will hold an annual advisory vote on executive compensation. Accordingly, the Company will include an advisory vote on executive compensation every year in its future proxy materials until the next stockholder vote on the frequency of such votes. The Company will re-evaluate the determination in connection with its next stockholder advisory vote regarding the frequency of future advisory votes on executive compensation.

About OASIS PETROLEUM INC. (NYSE:OAS)

Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA. The Company’s projects include Williston Basin, West Williston and East Nesson. It also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).