Ring Energy, Inc. (NYSEMKT:REI) 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.
On December 13, 2015, Ring Energy, Inc. (the Company) held its
2016 Annual Meeting of stockholders (the Annual Meeting), at
which the Companys stockholders voted on the following matters:
|
Election of six (6) directors to the Companys Board of Directors to serve until the 2016 Annual Meeting of the Stockholders; |
|
Non-binding, advisory vote to approve named executive officer compensation; and |
|
Ratifying the appointment of Eide Bailly LLP as the Companys independent registered public accounting firm. |
As of the record date of November 18, 2015, the Company had
41,917,061 shares of common stock outstanding. A total of
27,321,339 shares (65.17%) were present at the Annual Meeting by
proxy or in person.
All proposals were approved by the Companys stockholders. The
proposals are described in detail in the Companys definitive
proxy statement filed with the Securities and Exchange Commission
on November 25, 2016 (the Proxy Statement). The following tables
provide the results of each voting proposal:
Proposal 1
The Companys stockholders voted to re-elect Kelly Hoffman, David
A. Fowler, Lloyd T. Rochford, Stanley M. McCabe, Anthony B.
Petrelli, and Clayton E. Woodrum as directors of the Company. The
votes for each were as follows:
| Director | Votes For | Votes Against | Abstentions | Broker Non-Votes |
| Kelly Hoffman | 26,586,668 | 636,484 | 98,187 | |
| David A. Fowler | 26,845,943 | 377,144 | 98,252 | |
| Lloyd T. Rochford | 14,702,390 | 12,520,697 | 98,252 | |
| Stanley M. McCabe | 14,935,667 | 12,287,420 | 98,252 | |
| Anthony B. Petrelli | 25,845,043 | 378,044 | 98,252 | |
| Clayton E. Woodrum | 26,846,243 | 376,844 | 98,252 |
Proposal 2
The Companys stockholders approved, on a non-binding advisory
basis, the overall compensation of the Companys named executive
officers as disclosed in the Companys Proxy Statement. The
results of the proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 15,333,925 | 11,774,225 | 213,189 |
Proposal 3
The Companys stockholders ratified the appointment of Eide Bailly
LLP as the Companys independent registered public accounting firm
for 2016. The results of the proposal were as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 26,604,342 | 638,313 | 78,684 |
Item 7.01 Regulation FD
Disclosure.
to General Instruction B.2 of Form 8-K, the information in this
Item 7.01 of Form 8-K, including Exhibit 99.1, shall not be
deemed filed for the purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise be subject to the liabilities
of that section, and is not incorporated by reference into any
filing of the Company under the Securities Act of 1933, as
amended, or the Securities Exchange Act of 1934, whether made
before or after the date hereof, regardless of any general
incorporation language in such filing.
Item 8.01 Other Events.
As described in Item 5.07 of this Report, on December 13, 2015,
the Company held its Annual Meeting at which our stockholders
elected the directors listed above. At a Board of Directors
meeting immediately following the Annual Meeting, the Board made
the following committee assignments: Directors Woodrum, Petrelli,
and McCabe shall serve on the Audit Committee, with Mr. Woodrum
serving as Chairman. Directors Rochford and McCabe shall serve on
the Compensation Committee, with Mr. Rochford serving as
Chairman. Directors Rochford and McCabe shall serve on the
Nominating and Corporate Governance Committee, with Mr. Rochford
serving as Chairman. Directors Rochford and McCabe shall serve on
the Executive Committee.
About Ring Energy, Inc. (NYSEMKT:REI)
Ring Energy, Inc. (Ring) is an exploration and production company that is engaged in oil and natural gas acquisition, exploration, development and production activities. The Company’s exploration and production interests are focused on Texas and Kansas. Its operations are all oil and gas exploration and production related activities in the United States. Its drilling operations target the Central Basin Platform in Andrews County and Gaines County, Texas, and the Delaware Basin in Reeves County and Culberson County, Texas. Ring has over 30,660 gross (18,130 net) acres in Andrews and Gaines counties and over 19,980 gross (19,680 net) acres in Reeves and Culberson counties. It has over 17,630 gross (16,670 net) acres in Kansas. Ring’s proved reserves are approximately 24.4 million barrels of oil equivalent (BOE). Ring owns interests in a total of over 5,880 gross (5,170 net) developed acres and over 24,790 gross (12,960 net) undeveloped acres in Andrews and Gaines County, Texas. Ring Energy, Inc. (NYSEMKT:REI) Recent Trading Information
Ring Energy, Inc. (NYSEMKT:REI) closed its last trading session up +0.88 at 13.05 with 434,606 shares trading hands.