RANGE RESOURCES CORPORATION (NYSE:RRC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 16, 2018, the Board of Directors of Range Resources Corporation (the “Company’) appointed Mr. Mark Scucchi to serve as Senior Vice President and Chief Financial Officer of the Company. As previously announced, Mr. Scucchi replaces Mr.RogerManny, who retired from the Company as its Chief Financial Officer, effective May 16, 2018. In connection with Mr.Scucchi’s promotion, his salary was increased to $415,000, effective May 16, 2018.
ITEM 5.07Submission of Matters to a Vote of Security Holders.
The annual stockholders meeting (the “Annual Meeting”) of the Company was held on Wednesday, May 16, 2018 at 8:00 a.m. Central Time at The Worthington Renaissance Hotel, Bur Oak Room, 200 Main Street in Fort Worth, Texas. As of March 23, 2018, the record date for the Annual Meeting, there were 249,236,194 shares of common stock issued and outstanding. A quorum of 221,898,633 shares of common stock was present or represented at the Annual Meeting.
The matters submitted to a vote of security holders at the Annual Meeting were as follows:
|
1. |
Stockholders elected each of the Company’s ten nominees for directors to serve a term of one year to expire at the 2019 Annual Meeting or until their successors are duly elected and qualified, as set forth below: |
|
Name |
Votes For |
% of Voted |
Votes Against |
Abstentions |
Broker Non-Votes |
|
Brenda A. Cline |
158,606,949 |
84.89% |
28,214,825 |
242,512 |
34,834,347 |
|
Anthony V. Dub |
126,705,593 |
67.77% |
60,237,385 |
121,308 |
34,834,347 |
|
Allen Finkelson |
119,319,689 |
63.82% |
67,616,270 |
128,327 |
34,834,347 |
|
James M. Funk |
159,992,888 |
85.63% |
26,837,957 |
233,441 |
34,834,347 |
|
Christopher A. Helms |
159,915,737 |
85.59% |
26,913,967 |
234,582 |
34,834,347 |
|
Robert A. Innamorati |
133,616,916 |
71.52% |
53,204,038 |
243,332 |
34,834,347 |
|
Greg G. Maxwell |
160,052,448 |
85.67% |
26,767,387 |
244,451 |
34,834,347 |
|
Kevin S. McCarthy |
120,170,880 |
64.28% |
66,767,608 |
125,798 |
34,834,347 |
|
Steffen E. Palko |
160,096,052 |
85.69% |
26,734,546 |
233,688 |
34,834,347 |
|
Jeffrey L. Ventura |
161,646,334 |
86.46% |
25,307,088 |
110,864 |
34,834,347 |
|
2. |
Stockholders approved, on an advisory basis, the compensation philosophy, policies and procedures of the Named Executive Officers. |
|
Votes For |
% of Voted |
Votes Against |
Abstentions |
Broker Non-Votes |
|
149,263,534 |
82.19% |
32,330,322 |
5,470,430 |
34,834,347 |
|
3. |
Stockholders ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm, as set forth below: |
|
Votes For |
% of Voted |
Votes Against |
Abstentions |
Broker Non-Votes |
|
215,698,941 |
97.26% |
6,073,699 |
125,993 |
|
4. |
The stockholder proposal requesting publication of a political spending report was not approved: |
|
Votes For |
% of Voted |
Votes Against |
Abstentions |
Broker Non-Votes |
|
66,723,752 |
35.87% |
119,280,427 |
1,060,107 |
34,834,347 |
|
5. |
The stockholder proposal requesting preparation of a report regarding methane emissions was approved: |
|
Votes For |
% of Voted |
Votes Against |
Abstentions |
Broker Non-Votes |
|
90,965,093 |
50.25% |
90,026,536 |
6,072,657 |
34,834,347 |
About RANGE RESOURCES CORPORATION (NYSE:RRC)
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States. The Company’s natural gas and oil operations are concentrated in the Appalachian region of the United States, primarily in the Marcellus Shale in Pennsylvania. Its reserves also include the Utica/Point Pleasant, Medina and Upper Devonian formations, which principally produce at depths ranging from 3,500 feet to 11,500 feet. Its other operations include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.
