Indonesia Energy Corp Ltd - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K reports on the Annual General Meeting of Shareholders held by Indonesia Energy Corporation Limited on December 28, 2022, in Jakarta, Indonesia. The record date for the meeting was November 23, 2022, with 10,142,694 ordinary shares 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 actions taken at the Annual General Meeting.
Material Changes
No material financial changes or operational updates were disclosed in this filing. The document details the outcomes of shareholder votes regarding board composition and auditor ratification.
Management Commentary and Governance Actions
Shareholders approved the following proposals:
- Election of Directors: The following individuals were elected to the Board of Directors: Dr. Wirawan Jusuf, Mirza F. Said, James J. Huang, Mochtar Hussein, Benny Dharmawan, Tamba P. Hutapea, and Michael L. Peterson.
- Auditor Ratification: The appointment of Marcum Bernstein & Pinchuk LLP as the independent registered public accounting firm for the year ending December 31, 2022, was ratified.
Voting Results Summary:
| Proposal | For | Against/Withheld | Abstain/Broker-Non Votes |
|---|---|---|---|
| Election of Directors (Individual Votes) | ~5.71 Million | ~20,000 - 23,500 | 1,432,055 |
| Ratification of Auditors | 6,974,573 | 158,115 | 32,323 |
Investor Verification Checklist
- Verify the official appointment of Marcum Bernstein & Pinchuk LLP as the independent auditor for the 2022 fiscal year.
- Confirm the composition of the Board of Directors following the election of the seven named individuals.
- Review the full proxy statement or annual report for the 2022 fiscal year to obtain financial performance data, as it is not included in this Form 6-K.
- Note the significant number of Broker-Non Votes (1,432,055) recorded for the director elections.