REX ENERGY CORPORATION (NASDAQ:REXX) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item5.03
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Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
On April25, 2017, the Board of Directors (the Board) of Rex
Energy Corporation (the Company) approved an amendment to the
Companys Amended and Restated Bylaws, as previously amended (the
Bylaws), which is reflected in Amendment No.2 to the Bylaws
(Amendment No.2). Amendment No.2, which became effective
immediately upon approval by the Board, amended Section3.05 of
the Bylaws to provide that, except as otherwise provided by the
Delaware General Corporation Law, any director or the entire
Board may be removed from office at any time, with or without
cause, by the affirmative vote of the holders of a majority of
the shares of the then-outstanding capital stock of the Company
entitled to vote at an election of directors. Section3.05 of the
Bylaws previously provided that, except as otherwise provided by
a certificate of designations, any director or the entire Board
could be removed from office at any time, with or without cause,
by the affirmative vote of the holders of not less than 80% of
the total voting power of all classes of the then-outstanding
capital stock of the Company entitled to vote generally in the
election of directors at a special meeting duly called for such
purpose.
The foregoing summary of Amendment No.2 is qualified in its
entirety by reference to the text of Amendment No.2, a copy of
which is filed as Exhibit 3.1 to this Current Report.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
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Exhibit Number |
Exhibit Title |
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| 3.1 |
Amendment No.2 to the Amended and Restated Bylaws of Rex Energy Corporation. |
About REX ENERGY CORPORATION (NASDAQ:REXX)
Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling on its properties. The Company owns an interest in approximately 1,820 oil and natural gas wells. The Company produces an average of over 195.8 net millions of cubic feet equivalent (MMcfe) per day, composed of approximately 62.4% natural gas, over 9.5% oil and approximately 28.1% NGLs. In the Illinois Basin, the Company produces an average of approximately 1,998 barrels of oil per day (bopd). Including both developed and undeveloped acreage, the Company controls approximately 99,200 gross (over 79,700 net) acres in Illinois, Indiana and Kentucky. REX ENERGY CORPORATION (NASDAQ:REXX) Recent Trading Information
REX ENERGY CORPORATION (NASDAQ:REXX) closed its last trading session down -0.014 at 0.340 with 1,068,626 shares trading hands.