VAALCO Energy, Inc. (NYSE:EGY) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

8 years ago

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 electionwere elected for a term of office expiring at the Companys 2018Annual Meeting of Stockholders. Votes regarding the election of the directors nominated for election were as follows:


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 registered public accounting firm for 2017. The voting results were as follows:

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 basis, of the compensation of the Companys named executive officers was approved. The voting results were as follows:

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 advisory basis, of the frequency of executive compensation advisory votes was approved. The voting results were as follows:

21
1 YEAR	2 YEARS	3 YEARS	ABSTAIN
25,033,986	305,353	4,180,813	156,342

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.

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.