VAALCO Energy, Inc. (NYSE:EGY) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submission of Matters to a Vote of Security Holders.
On June 1, 2017, VAALCO Energy, Inc. (the Company) held its
2017Annual Meeting of Stockholders (the Annual Meeting). At the
Annual Meeting, the Companys stockholders were requested to: (1)
elect six directors, to serve on the Companys Board of Directors
for a term of office expiring at the Companys 2018 Annual Meeting
of Stockholders; (2)ratify the appointment of BDO USA, LLP as the
Companys independent registered public accounting firm for
2017;(3)approve, on an advisory basis, the compensation of the
Companys named executive officers; and (4) approve, on a
non-binding advisory basis, the frequency of executive
compensation advisory votes.The following are the final voting
results on proposals considered and voted upon at the meeting,
each of which is more fully described in the Companys proxy
statement filed on April 19, 2017:
|
1. |
Each of the directors nominated by the Board for |
|
NOMINEE |
VOTES FOR |
WITHHELD |
BROKER NON-VOTES |
|
Cary Bounds |
24,237,210 |
5,439,284 |
19,545,917 |
|
Andrew L. Fawthrop |
23,159,794 |
6,516,700 |
19,545,917 |
|
John J. Myers, Jr. |
23,151,963 |
6,524,531 |
19,545,917 |
|
Michael Keane |
28,369,223 |
1,307,271 |
19,545,917 |
|
A. John Knapp, Jr. |
23,310,138 |
6,366,356 |
19,545,917 |
|
Steven J. Pully |
23,325,763 |
6,350,731 |
19,545,917 |
|
2. |
BDO USA, LLP was ratified as the Companys independent |
|
21 |
|||
|
VOTES FOR |
VOTES AGAINST |
VOTES ABSTAINED |
BROKER NON-VOTES |
|
48,609,546 |
116,838 |
496,027 |
0 |
|
3. |
The Board proposal seeking approval, on an advisory |
|
21 |
|||
|
VOTES FOR |
VOTES AGAINST |
VOTES ABSTAINED |
BROKER NON-VOTES |
|
21,907,284 |
7,505,488 |
263,722 |
19,545,917 |
|
4. |
The Board proposal seeking approval, on a non-binding |
|
21 |
|||
|
1 YEAR |
2 YEARS |
3 YEARS |
ABSTAIN |
|
25,033,986 |
305,353 |
4,180,813 |
156,342 |
2
In accordance with these results and its previous recommendation,
the Board of Directors determined that future advisory votes on
named executive compensation will be held every year until the
next required advisory vote on the frequency of stockholder votes
on the compensation of named executive officers.
In addition, the Nominating and Governance Committee of the Board
of Directors nominated Mr. Knapp to serve as the Audit Committee
Chairman for the 2017-2018 year and the Board ratified the change
as of the date of the Annual Meeting.
3
About VAALCO Energy, Inc. (NYSE:EGY)
VAALCO Energy, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and natural gas. Its segments include Gabon, Angola, Equatorial Guinea, the United States, and Corporate and other, which includes corporate and operations support. It owns producing properties and conducts exploration activities as an operator in Gabon, West Africa; conducts exploration activities as an operator in Angola, West Africa, and participates in exploration and development activities as a non-operator in Equatorial Guinea, West Africa. In the United States, it operates unconventional resource properties in North Texas and hold undeveloped leasehold acreage in Montana. It also owns minor interests in conventional production activities as a non-operator in the United States. Its Etame Marin block is located offshore the Republic of Gabon. It owns over 640-acre lease in the Hefley field (Granite Wash formation) in North Texas.
