Business Context and Reporting Period
This Form 8-K filing by Halcón Resources Corporation (not Battalion Oil Corp) reports on the annual meeting of stockholders held on May 14, 2018. The registrant is incorporated in Delaware with principal executive offices in Houston, Texas.
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 during the annual meeting:
- Proposal 1: Election of Class B Directors
- William J. Campbell: Approved (62,973,146 For; 34,806,176 Withheld).
- James W. Christmas: Approved (63,253,720 For; 34,525,602 Withheld).
- Michael L. Clark: Approved (58,853,268 For; 38,926,054 Withheld).
- Ronald D. Scott: Approved (96,483,296 For; 1,296,026 Withheld).
Continuing directors include Thomas C. Fuller, Darryl L. Schall, Nathan W. Walton, and Floyd C. Wilson.
- Proposal 2: Ratification of Independent Accountants
- Deloitte & Touche LLP: Ratified for the fiscal year ending December 31, 2018 (119,614,034 For; 1,939,904 Against; 30,972 Abstentions).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the correct registrant name is Halcón Resources Corporation, not Battalion Oil Corp.
- Confirm the tenure of the newly elected Class B directors (until the 2021 annual meeting).
- Note the significant number of broker non-votes (23,805,588) on the director election proposals.
- Review the high "Withheld" vote counts for directors Campbell, Christmas, and Clark relative to the "For" votes.