PetroQuest Energy, Inc. (OTCMKTS:PTQEP) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k
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PetroQuest Energy, Inc. (OTCMKTS:PTQEP) 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.

PetroQuest Energy, Inc. (the “Company”) held its 2018 Annual Meeting of Stockholders on May16, 2018. The following proposals were submitted to the holders of the Company’s common stock (the “Common Stock”) for a vote:

1. The election of six nominees to the Board of Directors;
2. The adoption of the amended and restated 2016 Long Term Incentive Plan (the “2016 Incentive Plan”);
3. The ratification of the appointment of Ernst& Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018; and
4. An advisory vote on the Company’s executive compensation.

The results of such votes were as follows:

1. The following votes were cast in the election of six nominees to the Board of Directors:

Name of Nominee

Number of Votes

Voted For

Number of Votes

Withheld

Number of

Broker

Non-Votes

Charles T. Goodson

 8,299,808 906,845 10,657,265

William W. Rucks, IV

 8,298,164 908,489 10,657,265

E. Wayne Nordberg

 8,313,291 893,362 10,657,265

J. Gerard Jolly

 8,314,028 892,625 10,657,265

W. J. Gordon, III

 8,241,232 965,421 10,657,265

Charles F. Mitchell, II, M.D

 8,301,789 904,864 10,657,265
2. The following votes were cast in the adoption of the 2016 Incentive Plan:

Number of Votes

Voted For

Number of Votes

Voted Against

Number of Votes

Abstaining

Number of

Broker

Non-Votes
8,003,996 1,114,420 88,237 10,657,265

3. The following votes were cast in the ratification of the appointment of Ernst& Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2018:

Number of Votes

Voted For

Number of Votes Voted Against

Number of Votes Abstaining

Number of Broker

Non-Votes
18,895,495 950,442 17,981

4.The following advisory (non-binding) votes were cast to approve the compensation paid to the Company’s named executive officers, as disclosed to Item402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and narrative discussion in the 2018 Proxy Statement:

Numberof

Votes VotedFor

Number of

Votes VotedAgainst

NumberofVotes Abstaining

Number of Broker

Non-Votes

8,226,162

 866,670 113,821 10,657,265
Item 5.07 Financial Statements and Exhibits


PETROQUEST ENERGY INC Exhibit
EX-10.1 2 d591242dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION AMENDED AND RESTATED PETROQUEST ENERGY,…
To view the full exhibit click here

About PetroQuest Energy, Inc. (OTCMKTS:PTQEP)

PetroQuest Energy, Inc. is an oil and gas company. The Company is engaged in exploratory, development and acquisition activities. The Company has approximately 30 gross exploratory wells and over 30 gross development wells. The Company has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford. Its annual production from East Texas area is approximately 114.1 billions of cubic feet equivalent (Bcfe); Gulf Coast Basin is over 43.9 Bcfe, and Oklahoma Woodford is approximately 20.0 Bcfe. The net production from its East Texas assets averages over 30.4 millions of cubic feet equivalent (MMcfe) per day. Production from Gulf Coast Basin area totals approximately 37.8 MMcfe per day. The average daily production from its Oklahoma-Woodford properties totals over 25 MMcfe per day. The Company sells its oil and natural gas production under fixed or floating market contracts.