SEC Filing Summary: Tengasco, Inc. (Form 8-K)
Business Context and Reporting Period
This Form 8-K, dated October 17, 2013, reports on the Annual Meeting of Stockholders held by Tengasco, Inc. on that date. The filing details the outcomes of four proposals voted upon by shareholders, including the election of directors, ratification of auditors, and advisory votes on executive compensation. Note: The input metadata references "Riley Exploration Permian, Inc.", but the filing text explicitly identifies the registrant as "Tengasco, Inc."
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and shareholder voting results.
Material Changes and Voting Results
At the record date of August 20, 2013, there were 60,842,413 shares outstanding. A quorum was established with 52,813,755 shares represented. The following proposals were approved:
- Election of Directors: Matthew K. Behrent, Hughree F. Brooks, and Peter E. Salas were elected to the Board of Directors.
- Ratification of Auditors: Hein & Associates, LLP was ratified as the independent certified public accountants for Fiscal 2013.
- Executive Compensation (Say-on-Pay): Shareholders approved the compensation of executive officers via a non-binding advisory vote.
- Frequency of Compensation Votes: Shareholders voted to approve executive compensation every two years.
Guidance, Outlook, and Risks
The filing text does not contain management guidance, financial outlook, risk factors, contingencies, or unusual items. It serves strictly as a disclosure of the Annual Meeting results.
Key Facts for Investor Verification
- Verify the correct registrant name is Tengasco, Inc., not Riley Exploration Permian, Inc.
- Confirm the election of the three new directors: Matthew K. Behrent, Hughree F. Brooks, and Peter E. Salas.
- Note the shareholder preference for biennial (every two years) executive compensation votes.
- Review the attached exhibits (99.1 and 99.2) for the presentation and Chairman's comments referenced in the filing.