Business Context and Reporting Period
This Form 8-K filing by DORCHESTER MINERALS, L.P. reports on the Annual Meeting of Limited Partners held on May 15, 2013. The filing details the outcomes of votes submitted to security holders regarding the election of managers and the appointment of an independent accounting firm.
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 events and does not contain financial performance data.
Material Changes and Voting Results
The following matters were voted upon and approved by the unitholders:
- Election of Managers: Three individuals were elected to the Board of Managers and appointed to the Advisory Committee to serve until the 2014 Annual Meeting. The voting results were:
| Manager | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Buford P. Berry | 14,474,222 | 125,908 | 11,453,638 |
| C.W. ("Bill") Russell | 14,467,881 | 132,249 | 11,453,638 |
| Ronald P. Trout | 14,467,309 | 132,821 | 11,453,638 |
- Appointment of Independent Auditor: The appointment of Grant Thornton LLP as the independent registered public accounting firm for the year ending December 31, 2013, was approved.
| Category | Count |
|---|---|
| Votes For | 25,906,658 |
| Votes Against | 94,261 |
| Abstentions | 52,849 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the tenure of the newly elected managers (Buford P. Berry, C.W. Russell, and Ronald P. Trout) on the Board of Managers and Advisory Committee.
- Confirm the engagement of Grant Thornton LLP for the fiscal year ending December 31, 2013.
- Note the significant number of broker non-votes (11,453,638) recorded for the election of managers.