U.S. ENERGY CORP. (NASDAQ:USEG) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Shareholders
U.S. Energy Corp. (the “Company”) held its annual meeting of shareholders on Monday, June 17, 2017, at 8:30 a.m. Mountain Time in Denver, Colorado. The certified results of the matters voted upon at the meeting, which are more fully described in the Company’s definitive proxy statement relating to the meeting, filed with the Securities and Exchange Commission on June 6, 2017 (the “Proxy Statement”), are as set forth below:
The following nominee for director was elected to serve until the 2020 annual meeting of shareholders and until his successor is elected or appointed and qualified:
| Name of Director | Votes For | Withheld | Broker Non-Votes |
| Javier F. Pico | 1,006,478 | 107,278 | 3,380,712 |
The shareholders voted to ratify the appointment of Hein & Associates LLP as independent auditors for the 2017 fiscal year:
| Votes For | Votes Against | Abstain |
| 4,463,965 | 18,346 | 12,157 |
The result of the shareholders’ advisory vote on executive compensation (“say-on-pay”) was as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes |
| 879,537 | 224,878 | 9,341 | 3,380,712 |
The shareholders vote on the frequency of a vote on approval of executive compensation was as follows:
| 1 Year | 2 Years | 3 Years | Abstain |
| 495,220 | 365,949 | 245,511 | 7,076 |
The shareholders also voted to approve the issuance of shares of common stock as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes |
| 900,521 | 199,132 | 14,103 | 3,380,712 |
The shareholders also voted to approve an amendment to the U.S. Energy Corp. Amended and Restated 2012 Equity and Performance Incentive Plan as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes |
| 642,134 | 441,562 | 30,060 | 3,380,712 |
Item 9.01. Financial Statements and Exhibits
(d)
US ENERGY CORP ExhibitEX-10.1 2 s106867_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 U.S. Energy Corp. Amended and Restated 2012 Equity and Performance Incentive Plan Adopted By the Board: April 24,…To view the full exhibit click here
About U.S. ENERGY CORP. (NASDAQ:USEG)
U.S. Energy Corp. (U.S. Energy) is an independent energy company focused on the acquisition and development of oil and gas producing properties in the continental United States. The Company’s business activities are focused on South Texas and the Williston Basin in North Dakota. The Company operates through Oil and Gas segment. The Company participates in oil and gas projects primarily as a non-operating working interest owner through exploration and development agreements with various oil and gas exploration and production companies. The Company is also pursuing acquisitions of exploration, development and production-stage oil and gas properties or companies. The Company holds a geographically and geologically diverse portfolio of oil-weighted prospects in varying-stages of exploration and development. The Company engages in the prospect stages either for its own account or with prospective partners to enlarge its oil and gas lease ownership base.