RSP PERMIAN, INC. (NYSE:RSPP) 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. |
Effective December21, 2016, the Board of Directors (the Board) of
RSP Permian, Inc. (the Company) approved an amendment to the
Companys Amended and Restated Bylaws (the Amended and Restated
Bylaws). The amendment establishes a majority voting and
resignation process for uncontested director elections. The
amendment requires a majority of the votes cast by stockholders
at any meeting for the election of uncontested directors at which
a quorum is present to elect a nominee to the Board. If a nominee
who is an incumbent director is not elected and no successor has
been elected at the meeting, then the nominee must promptly
tender his or her resignation for consideration by the Boards
Nominating and Governance Committee (the Committee). The
Committee will recommend to the Board the action to be taken with
respect to the resignation. The Board will act on the tendered
resignation, taking into account the Committees recommendation,
and publicly disclose its decision within 90 days from the date
of the certification of the election results. If the Board does
not accept the incumbent directors resignation, the director will
continue to serve until his or her successor is duly elected, or
his or her earlier resignation or removal.
The Amended and Restated Bylaws retains a plurality voting
standard in contested elections where the number of nominees
exceeds the number of directors to be elected.
A copy of the Amended and Restated Bylaws is attached to this
Current Report on Form 8-K as Exhibit 3.1 and is incorporated
herein by reference. The foregoing description of the Amended and
Restated Bylaws does not purport to be complete and is qualified
in its entirety by reference to the Amended and Restated Bylaws.
| Item9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
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ExhibitNo. |
Description |
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| 3.1 | Amended and Restated Bylaws of RSP Permian, Inc. |
About RSP PERMIAN, INC. (NYSE:RSPP)
RSP Permian, Inc. is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. The Company operates through the oil and natural gas exploration and production industry in the United States segment. The Company’s properties are located on contiguous acreage blocks in the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector and Glasscock. The Company has drilled Lower Spraberry horizontal well and a Middle Spraberry horizontal well in the Permian Basin. In addition, it has also drilled a Wolfcamp B horizontal well in the North Midland Basin. The Company’s estimated proved oil and natural gas reserves are approximately 159.2 million barrels of oil equivalent (MMBoe). Of the Company’s reserves, approximately 41% were classified as Proved developed producing. RSP PERMIAN, INC. (NYSE:RSPP) Recent Trading Information
RSP PERMIAN, INC. (NYSE:RSPP) closed its last trading session down -0.06 at 45.26 with 1,024,651 shares trading hands.