Business Context and Reporting Period
This Form 8-K reports on the 2017 Annual Meeting of Limited Partners for Black Stone Minerals, L.P., held on June 8, 2017, in Houston, Texas. The filing details the outcomes of shareholder votes regarding the election of directors and the ratification of the independent auditor.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
No material financial changes are reported in this filing. The document solely addresses the results of the annual meeting proposals.
Outlook, Risks, and Management Commentary
Proposal 1: Election of Directors
All twelve nominees for the Board of Directors of Black Stone Minerals GP, L.L.C. were duly elected. The nominees will serve until the 2018 annual meeting or until their successors are elected. Voting results showed strong support, with the highest number of votes withheld (1,217,539) cast against nominee William N. Mathis, while all other nominees received fewer than 261,000 withheld votes. Broker non-votes totaled 19,298,202 for all director nominees.
Proposal 2: Ratification of Auditor
Unitholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2017. The vote was overwhelmingly in favor, with 113,419,914 votes for, 20,508 against, and 4,457 abstentions.
Key Facts for Investor Verification
- Meeting Date: June 8, 2017.
- Director Election: All 12 nominees were elected; verify the specific vote counts for William N. Mathis, who received the highest number of withheld votes.
- Auditor Ratification: Ernst & Young LLP was ratified for the 2017 fiscal year.
- Financial Data: This filing contains no financial metrics; refer to the most recent 10-Q or 10-K for financial performance.
- Proxy Statement: Detailed descriptions of the proposals are available in the proxy statement filed on April 26, 2017.