Matador Resources Co. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated June 9, 2023, details the results of Matador Resources Company's Annual Meeting of Shareholders held on that date. The company is incorporated in Texas and its common stock trades on the New York Stock Exchange under the symbol MTDR.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is strictly a report on shareholder voting outcomes.
Material Changes and Voting Results
On the record date of April 12, 2023, there were 119,183,914 shares of common stock outstanding. A total of 109,784,648 shares were represented at the meeting. The following matters were submitted to a vote:
- Proposal 1: Election of Directors
- Joseph Wm. Foran, Reynald A. Baribault, and Timothy E. Parker were elected as Class III directors (term expires 2026).
- Shelley F. Appel was elected as a Class II director (term expires 2025).
- All nominees received majority support, though Reynald A. Baribault and Timothy E. Parker received significant "Against" votes (approximately 9.1 million and 12.5 million respectively).
- Proposal 2: Advisory Vote on 2022 Executive Compensation
- Shareholders approved the non-binding resolution approving 2022 executive compensation.
- Votes For: 99,672,347; Votes Against: 3,517,704.
- Proposal 3: Ratification of Independent Auditor
- Shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2023.
- Votes For: 109,111,250; Votes Against: 548,792.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The report is limited to the procedural outcomes of the shareholder meeting.
Key Facts for Investor Verification
- Verify the specific reasons for the elevated "Against" votes for directors Reynald A. Baribault and Timothy E. Parker, which exceeded 9 million and 12 million votes respectively.
- Confirm the terms of office for the newly elected directors (Class III expiring 2026; Class II expiring 2025).
- Note that KPMG LLP has been ratified as the auditor for the fiscal year ending December 31, 2023.
- Review the company's subsequent filings (e.g., 10-Q or 10-K) for the financial metrics absent from this 8-K.