Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Shareholders held by Ramaco Resources, Inc. on June 26, 2024. The record date for the meeting was April 29, 2024, with 53,089,357 shares of common stock (Class A and Class B) outstanding and entitled to vote.
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 results.
Material Changes and Voting Results
Stockholders holding approximately 75.44% of outstanding shares were present, constituting a quorum. The following proposals were voted upon:
- Election of Directors: All three nominees (Peter Leidel, C. Lynch Christian, III, and Aurelia Skipwith Giacometto) were elected. Notably, C. Lynch Christian, III received a significant number of withheld votes (11,429,337) compared to the other nominees.
- Executive Compensation (Say-on-Pay): The advisory proposal to approve executive compensation was approved with 38,321,074 votes for and 646,272 votes against.
- Shareholder Proposal on Simple Majority Voting: This advisory proposal was not approved, receiving 14,957,027 votes for and 24,150,151 votes against.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, or contingencies beyond the voting results.
Key Facts for Investor Verification
- Verify the specific reasons for the high number of withheld votes for director nominee C. Lynch Christian, III.
- Confirm the implications of the rejection of the shareholder proposal regarding simple majority voting for future corporate governance.
- Review the Definitive Proxy Statement filed on April 29, 2024, for detailed context on the proposals and director biographies.