Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Shareholders held by Matador Resources Company on June 5, 2020. The record date for the meeting was April 9, 2020, with 116,563,969 shares of common stock outstanding. A total of 101,525,688 shares were represented at the meeting.
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 voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Proposal 1: Election of Directors
- Monika U. Ehrman was elected as a Class I director (term expires 2021).
- Reynald A. Baribault, Joseph Wm. Foran, and Timothy E. Parker were elected as Class III directors (terms expire 2023).
- All nominees received majority support, though significant broker non-votes (22,280,322) were recorded for each.
- Proposal 2: Advisory Vote on 2019 Executive Compensation
- Shareholders approved the non-binding resolution approving 2019 executive compensation.
- Votes For: 75,441,798; Votes Against: 3,463,688.
- 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, 2020.
- Votes For: 101,015,512; Votes Against: 220,987.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the specific terms and expiration dates for the newly elected directors (Class I vs. Class III).
- Review the proxy statement for details on the 2019 executive compensation package approved by shareholders.
- Confirm the scope of services and fees associated with the ratification of KPMG LLP for the 2020 fiscal year.
- Note the high volume of broker non-votes (22,280,322) which did not count toward the total votes cast for director elections.