Mammoth Energy Services, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2018 Annual Meeting of Stockholders held by Mammoth Energy Services, Inc. on June 7, 2018, in Oklahoma City, Oklahoma. The filing was submitted on June 12, 2018.
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 voting results.
Material Changes and Voting Results
Stockholders voted on two proposals at the Annual Meeting:
- Proposal 1 (Election of Directors): Six nominees were elected to serve until the 2019 Annual Meeting. All nominees received significant support, with vote counts ranging from approximately 38.3 million to 41.0 million "For" votes. James Palm received the highest number of "For" votes (41,012,311), while Matthew Ross received the lowest (39,073,095). Broker non-votes totaled 1,485,816 for each nominee.
- Proposal 2 (Ratification of Auditors): The appointment of Grant Thornton LLP as the independent auditor for the fiscal year ending December 31, 2018, was ratified. The vote was overwhelmingly in favor with 43,766,304 "For" votes versus 40,918 "Against" votes and 4,700 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that Grant Thornton LLP is the appointed independent auditor for the 2018 fiscal year.
- Verification of the board composition following the election of Marc McCarthy, Arty Straehla, Paul Heerwagen, Arthur Smith, James Palm, and Matthew Ross.
- Review of the definitive proxy statement filed on April 25, 2018, for detailed background on the proposals.