Business Context and Reporting Period
This Form 8-K Current Report, filed on February 21, 2019, covers the Annual Meeting of Stockholders held by Energy Services of America Corporation on February 20, 2019. The filing details the results of shareholder votes on director elections, auditor ratification, and executive compensation matters.
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 rather than financial performance data.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors: All ten nominees were elected. Vote counts ranged from approximately 5.9 million to 6.2 million "For" votes, with "Withheld" votes ranging from approximately 39,000 to 372,000. There were 3,694,129 broker non-votes for all director candidates.
- Ratification of Auditors: Stockholders ratified the appointment of Arnett Carbis Toothman LLP as the independent registered public accounting firm for the year ending September 30, 2019. The vote was 9,689,657 "For," 4,118 "Against," and 273,650 "Abstain."
- Executive Compensation (Say-on-Pay): The advisory, non-binding resolution was approved with 6,193,160 "For," 38,719 "Against," and 41,417 "Abstain."
- Frequency of Say-on-Pay Votes: Stockholders voted to hold advisory votes on executive compensation annually. The vote was 5,811,200 for "One year," 78,245 for "Two years," 302,352 for "Three years," and 81,499 "Abstain."
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to reporting the outcomes of the shareholder meeting.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes cast versus total equity.
- Confirm the specific terms of the engagement with the newly ratified auditor, Arnett Carbis Toothman LLP.
- Review the Company's proxy statement for detailed biographies of the elected directors and the specific executive compensation plan approved.
- Check subsequent filings for the Company's financial results for the fiscal year ending September 30, 2019, as this 8-K does not contain financial data.