Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the Annual Meeting of Shareholders held by Matador Resources Company on June 13, 2024. The filing details the voting outcomes for four specific proposals submitted to security holders.
Key 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 and shareholder voting results.
Material Changes and Voting Results
On the record date of April 16, 2024, there were 124,780,249 shares of common stock outstanding. A total of 116,425,802 shares were represented at the meeting. The voting results were as follows:
- Proposal 1 (Election of Directors): Shareholders elected William M. Byerley, Monika U. Ehrman, and Kenneth L. Stewart as Class I directors (term expiring 2027) and Susan M. Ward as a Class II director (term expiring 2025). All nominees received majority support, though significant votes were cast against Byerley, Ehrman, and Stewart.
- Proposal 2 (Advisory Vote on 2023 Executive Compensation): The non-binding resolution approving 2023 executive compensation was approved by shareholders.
- Proposal 3 (Frequency of Future Advisory Votes): Shareholders voted in favor of holding future advisory votes on executive compensation annually ("1 Year").
- Proposal 4 (Ratification of Auditors): Shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2024.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the specific vote counts against the Class I director nominees (Byerley, Ehrman, Stewart), as they received over 10 million votes against each.
- Confirm the total number of broker non-votes (6,366,982) and their impact on the quorum and voting thresholds.
- Review the full proxy statement for details on the executive compensation package approved in Proposal 2.
- Check subsequent filings for any changes to the board composition or auditor appointment following this ratification.