Business Context and Reporting Period
This Form 8-K filing by New Concept Energy, Inc. (NYSE American: GBR) reports on the results of its Annual Meeting of Stockholders held on November 19, 2025. The company is incorporated in Nevada and maintains its principal executive offices in Dallas, Texas.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes and Voting Results
The filing details the outcomes of two primary proposals and subsequent board actions:
- Quorum and Participation: Proxies representing 3,162,693 shares (61.62% of outstanding shares) were cast, establishing a quorum. Outstanding shares included 5,131,934 Common Stock and 559 Series B Preferred Stock.
- Director Elections: All five nominees were elected. While all received majority support, the percentage of votes cast "For" each director ranged from 37.54% to 38.42% of the shares voted, with the remainder withheld.
- Accounting Firm Ratification: The appointment of Turner Stone & Company as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was approved with 3,153,186 votes FOR and 9,507 votes AGAINST.
- Board Leadership: Following the meeting, Gene S. Bertcher was re-elected as Chairman of the Board, President, Chief Executive Officer, and Chief Financial Officer.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on financial outlook, or specific risk factors. It strictly reports the procedural results of the shareholder vote and board re-election.
Investor Verification Checklist
- Verify the low percentage of "For" votes (approx. 38%) relative to total shares voted for directors, noting that the remainder was withheld rather than voted against.
- Confirm the re-election of Gene S. Bertcher to multiple executive roles (Chairman, President, CEO, CFO).
- Review the upcoming fiscal year-end of December 31, 2025, for which Turner Stone & Company has been ratified as the auditor.
- Check subsequent filings (e.g., 10-K or 10-Q) for the financial metrics absent in this governance report.