Indonesia Energy Corp Ltd - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated December 23, 2020, reports on the Annual Meeting of Shareholders held by Indonesia Energy Corporation Limited on December 21, 2020, in Jakarta, Indonesia. The record date for the meeting was November 16, 2020, with 7,407,955 shares outstanding and entitled to vote.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance actions taken at the Annual Meeting.
Material Changes
No material financial changes versus the prior comparable period are disclosed in this filing. The document details the outcomes of shareholder votes regarding board composition and auditor ratification.
Management Commentary and Corporate Actions
Shareholders approved the following proposals:
- Election of Directors: Dr. Wirawan Jusuf, Mirza F. Said, James J. Huang, Mochtar Hussein, Benny Dharmawan, Tamba P. Hutapea, and Roderick de Greef were elected. Votes were overwhelmingly in favor, with "For" votes ranging from 6,065,604 to 6,065,762 and "Withheld" votes ranging from 2,993 to 3,151.
- Ratification of Auditors: Marcum Bernstein & Pinchuk LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2020. The vote count was 6,066,689 "For", 66 "Against", and 2,000 "Abstain".
Key Facts for Investor Verification
- Verify the official appointment of Marcum Bernstein & Pinchuk LLP as the independent auditor for the 2020 fiscal year.
- Confirm the composition of the Board of Directors following the election of the seven named individuals.
- Note that this filing contains no financial performance data; investors should refer to the Form 20-F for financial statements.
- Check the total share count of 7,407,955 as of the November 16, 2020 record date.