Ranger Energy Services, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the 2024 Annual General Meeting of Stockholders held by Ranger Energy Services, Inc. on May 10, 2024. The filing details the voting outcomes for director elections, auditor ratification, and executive compensation.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report regarding shareholder voting results.
Material Changes and Voting Results
Of the 23,595,876 shares eligible to vote, 16,155,749 shares were represented at the meeting. The following proposals were approved:
- Proposal 1 (Director Election): Brett T. Agee and Carla Mashinski were reelected as Class II directors for a three-year term.
- Brett T. Agee: 9,973,102 votes FOR; 4,292,701 votes WITHHOLD.
- Carla Mashinski: 13,615,021 votes FOR; 650,782 votes WITHHOLD.
- Proposal 2 (Auditor Ratification): Stockholders ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
- 16,012,405 votes FOR; 101,019 votes AGAINST; 42,325 votes WITHHOLD.
- Proposal 3 (Executive Compensation): Stockholders approved the non-binding advisory vote on the executive compensation program.
- 13,673,200 votes FOR; 367,694 votes AGAINST; 224,909 votes WITHHOLD.
Guidance, Outlook, and Risks
The filing does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly reports the administrative results of the shareholder vote.
Key Facts for Investor Verification
- Confirm the tenure of the newly reelected directors (Brett T. Agee and Carla Mashinski) extends until the 2027 Annual Meeting.
- Verify the appointment of Grant Thornton LLP as the independent auditor for the fiscal year ending December 31, 2024.
- Note the significant number of "Withhold" votes for Brett T. Agee (4,292,701) compared to Carla Mashinski (650,782), indicating varying levels of shareholder support for individual nominees.
- Review the 2024 Proxy Statement filed on March 27, 2024, for details on the executive compensation program approved in Proposal 3.