PDC Energy,Inc. (NASDAQ:PDCE) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07. Submission of Matters to a Vote of Security Holders.
PDC Energy,Inc. (the Company) held its annual meeting of
stockholders on May30, 2017 (the Annual Meeting). Holders of
65,782,611 shares of the Companys common stock outstanding at the
close of business on the record date of March30, 2017 were
entitled to vote at the meeting, of which 58,615,114 shares, or
approximately 89% of those entitled to vote, were represented in
person or by proxy at the annual meeting.
The certified results of the matters voted upon at the annual
meeting, which are more fully described in the Companys proxy
statement, are as follows:
PROPOSAL # 1 Election of ClassI Directors
|
David C. Parke |
For: |
53,719,139 |
|
|
Withheld: |
3,323,182 |
||
|
BrokerNon-Votes: |
1,572,793 |
||
|
Jeffrey C. Swoveland |
For: |
55,364,673 |
|
|
Withheld: |
1,677,648 |
||
|
BrokerNon-Votes: |
1,572,793 |
PROPOSAL # 2 Ratification of the appointment of
PricewaterhouseCoopers LLP as the Companys independent registered
public accounting firm for the fiscal year ending December31,
2017
|
For: |
57,990,578 |
|
|
Against: |
603,947 |
|
|
Abstain: |
20,589 |
PROPOSAL # 3 Approve, on an advisory basis, the
compensation of the Companys Named Executive Officers
|
For: |
54,457,548 |
|
|
Against: |
2,379,385 |
|
|
Abstain: |
205,388 |
|
|
Broker Non-Votes: |
1,572,793 |
PROPOSAL # 4 Approve, on an advisory basis, the frequency
(every one, two or three years) of future advisory votes on the
compensation of the Companys Named Executive Officers
|
One Year: |
48,744,729 |
|
|
Two Years: |
10,298 |
|
|
Three Years: |
8,249,618 |
|
|
Abstain: |
37,676 |
|
|
Broker Non-Votes: |
1,572,793 |
With respect to Proposal #4 and after consideration of the
advisory vote of the Company’s stockholders at the Annual
Meeting, the Companys Board of Directors has determined to
continue to hold the advisory stockholder vote on the
compensation of the Companys Named Executive Officers on an
annual basis.
About PDC Energy, Inc. (NASDAQ:PDCE)
PDC Energy, Inc. is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Company’s Oil and Gas Exploration and Production segment includes all of its crude oil and natural gas properties. The Company’s Gas Marketing segment purchases, aggregates and resells natural gas. The Company’s operations in the Wattenberg Field are focused on the horizontal Niobrara and Codell plays. Its Delaware Basin operations are focused in the Wolfcamp zones and its Ohio operations are focused in the Utica Shale play. As of December 31, 2016, the Company owned an interest in approximately 2,900 productive gross wells. PDC Energy, Inc. (NASDAQ:PDCE) Recent Trading Information
PDC Energy, Inc. (NASDAQ:PDCE) closed its last trading session up +0.52 at 50.18 with 914,576 shares trading hands.