Torchlight Energy Resources, Inc. (NASDAQ:TRCH) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
On August 17, 2017, we held our Annual Meeting of Stockholders for the following purposes:
(1) To elect nominees to our Board of Directors, including John Brda, Gregory McCabe, E. Scott Kimbrough, R. David Newton, Alexandre Zyngier and Michael J. Graves;
(2) To ratify the selection of Briggs & Veselka Co. as our independent registered public accounting firm for the fiscal year ending December 31, 2017;
(3) To approve an amendment to our Articles of Incorporation to increase our authorized shares of common stock from 100,000,000 shares to 150,000,000 shares; and
(4) To transact such other business as may properly come before the meeting.
Based on the votes received in person and by proxy, all of the above named nominees to the Board were elected; the selection of Briggs & Veselka was ratified; and the amendment to our Articles of Incorporation was approved. There were no other matters presented for action at the Annual Meeting.The exact results of the stockholder vote are as follows:
|
Total Votes Outstanding as of the Record Date, October 12, 2016: |
59,287,374 |
|
Total Votes Present Either by Proxy or in Person: |
48,693,476 |
Item 1:
Election of Directors
|
John A. Brda |
29,459,717 |
582,632 |
|
Gregory McCabe |
29,643,112 |
399,237 |
|
E. Scott Kimbrough |
30,011,436 |
30,913 |
|
R. David Newton |
30,012,436 |
29,913 |
|
Alexandre Zyngier |
29,425,805 |
616,544 |
|
Michael J. Graves |
29,888,293 |
154,056 |
Additionally, there was a total of 18,651,127 broker non-votes for this item.
Item 2:
Ratification of selection of Briggs & Veselka Co. as the independent registered public accounting firm for the fiscal year ending December 31, 2017
|
Votes for: |
48,549,290 |
|
Votes against: |
15,570 |
|
Votes abstained: |
128,616 |
Item 3:
To approve an amendment to our Articles of Incorporation to increase our authorized shares of common stock from 100,000,000 shares to 150,000,000 shares
|
Votes for: |
42,176,335 |
|
Votes against: |
5,639,692 |
|
Votes abstained: |
161,097 |
Additionally, there was a total of 716,352 broker non-votes for this item.
We filed the Certificate of Amendment for the above amendment to our Articles of Incorporation with the Secretary of State of Nevada on August 18, 2017.
Item 8.01 Other Events.
On August 18, 2017, we filed certificates of withdrawal with the Secretary of State of Nevada to withdraw the certificates of designation of our Series A Convertible Preferred Stock, Series B Convertible Preferred Stock and Series C Convertible Preferred Stock. No shares of any of these series of stock are outstanding.
About Torchlight Energy Resources, Inc. (NASDAQ:TRCH)
Torchlight Energy Resources, Inc. (Torchlight) is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company focuses on drilling and working interest programs within the United States. The Company has interests in approximately four oil and gas projects: the Marcelina Creek Field Development in Wilson County, Texas; the Ring Energy Joint Venture in Southwest Kansas; Hunton wells in partnership with Husky Ventures in Central Oklahoma, and the Orogrande Project in Hudspeth County, Texas. The Company also operates through two other subsidiaries, including Torchlight Energy Operating, LLC, a Texas limited liability company, and Hudspeth Oil Corporation, a Texas corporation. The Marcelina Creek Field Development is located over the Austin Chalk, Buda and Eagle Ford Formations.
