Business Context and Reporting Period
This Form 8-K filing by Matador Resources Co. reports on the Annual Meeting of Shareholders held on June 4, 2014. The filing also includes a Regulation FD disclosure referencing a press release issued on June 5, 2014, which contains an operational update.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance events and shareholder voting results rather than financial performance data.
Material Changes and Voting Results
On the record date of April 9, 2014, there were 65,805,555 shares of common stock outstanding. A total of 56,514,119 shares were represented at the meeting. The following matters were voted upon:
- Proposal 1: Election of Directors - Shareholders elected Joseph Wm. Foran, David M. Laney, and Reynald A. Baribault as Class III directors for a three-year term. All nominees received significant support with minimal votes withheld.
- Proposal 2: Advisory Vote on Executive Compensation - Shareholders approved the non-binding advisory resolution regarding executive compensation. Approximately 96% of votes cast were in favor.
- Proposal 3: Ratification of Auditors - Shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2014. The proposal passed with overwhelming support.
Guidance, Outlook, and Risks
The filing references a press release (Exhibit 99.1) that provides an operational update, but the text of the press release is not included in this document. Consequently, no specific guidance, outlook, management commentary, or risk factors are detailed in the provided text.
Important Facts for Investors to Verify
- Review the attached press release (Exhibit 99.1) for the operational update mentioned in Item 7.01.
- Confirm the specific terms of the newly elected directors' three-year terms expiring in 2017.
- Verify the details of the executive compensation plan approved in the advisory vote.
- Check subsequent filings for the full financial results and operational metrics referenced in the June 5, 2014 press release.