SEC Filing Summary: Houston American Energy Corp. (8-K)
Business Context and Reporting Period
This Form 8-K reports the results of the Annual Meeting of Stockholders held by Houston American Energy Corp. on June 13, 2011. The filing was submitted on June 15, 2011. A total of 28,753,229 shares, representing 92.4% of eligible shares, were present to establish a quorum.
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
The following matters were submitted to a vote of security holders:
- Proposal 1 (Election of Directors): Both nominees for Class C Director, John F. Terwilliger and O. Lee Tawes, were elected to serve until the 2014 Annual Meeting.
- John F. Terwilliger: 17,510,913 votes FOR; 134 WITHHELD; 492,627 ABSTAIN.
- O. Lee Tawes: 17,471,443 votes FOR; 134 WITHHELD; 532,097 ABSTAIN.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of GBH CPAs, P.C. as the independent registered public accounting firm for fiscal 2011.
- 28,676,935 votes FOR; 54,791 AGAINST; 21,503 ABSTAIN.
- Proposal 3 (Executive Compensation): Advisory approval of named executive officer compensation was granted.
- 17,943,251 votes FOR; 40,318 AGAINST; 20,105 ABSTAIN.
- Proposal 4 (Frequency of Compensation Vote): Stockholders voted on the frequency of future advisory votes on executive compensation.
- 12,958,400 votes for THREE YEARS; 4,813,665 votes for ONE YEAR; 220,508 votes for TWO YEARS.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for management guidance, future outlook, specific risks, contingencies, or unusual items. The document is limited to the disclosure of voting outcomes.
Key Facts for Investor Verification
- Verify the tenure of the newly elected Class C Directors (John F. Terwilliger and O. Lee Tawes) through the 2014 Annual Meeting.
- Confirm the engagement of GBH CPAs, P.C. as the independent auditor for fiscal 2011.
- Note that stockholders voted to approve executive compensation frequency every three years.
- Review the full Proxy Statement referenced in the filing for detailed executive compensation data and director biographies.