Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Shareholders held by Matador Resources Company on June 6, 2013. The filing details the voting results for three proposals submitted to security holders.
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 and shareholder voting outcomes.
Material Changes and Voting Results
As of the April 10, 2013 record date, there were 55,842,938 shares of common stock outstanding. A total of 47,557,490 shares were represented at the meeting. The results for the proposals were as follows:
- Proposal 1: Election of Directors
- Carlos M. Sepulveda, Jr. (Class I): Elected with 39,899,071 votes for.
- Gregory E. Mitchell (Class II): Elected with 39,830,259 votes for.
- Steven W. Ohnimus (Class II): Elected with 39,838,824 votes for.
- Broker non-votes totaled 7,587,235 for all director nominees.
- Proposal 2: Advisory Vote on Executive Compensation
- Approved with 39,459,876 votes for, 374,253 votes against, and 136,126 abstentions.
- Proposal 3: Ratification of Independent Auditor
- Grant Thornton LLP was ratified with 47,409,649 votes for, 14,586 votes against, and 133,255 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to the disclosure of voting results.
Important Facts for Investors to Verify
- Confirmation of the new director terms: Carlos M. Sepulveda, Jr. serves until 2015, while Gregory E. Mitchell and Steven W. Ohnimus serve until 2016.
- Verification that Grant Thornton LLP is the appointed independent auditor for the fiscal year ending December 31, 2013.
- Review of the significant number of broker non-votes (7,587,235) which did not impact the outcome of the director elections but indicate shares held in street name where instructions were not received.