Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders for Tengasco, Inc. held on December 6, 2016. The filing details the election of directors and the ratification of independent auditors. Note: The request metadata references "Riley Exploration Permian, Inc.," but the filing text explicitly identifies the registrant as Tengasco, Inc.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses on corporate governance events rather than financial performance data.
Material Changes and Voting Results
The following corporate actions were completed at the Annual Meeting:
- Shareholder Participation: Of 6,097,723 shares outstanding, 5,275,289 shares were represented, constituting a quorum.
- Election of Directors: All four nominees were elected to the Board of Directors:
- Matthew K. Behrent (2,591,779 For; 63,072 Withheld)
- Hughree F. Brooks (2,522,388 For; 82,463 Withheld)
- Peter E. Salas (2,390,520 For; 214,331 Withheld)
- Richard M. Thon (2,522,988 For; 81,863 Withheld)
- Auditor Ratification: The appointment of Hein & Associates LLP as independent certified public accountants for Fiscal 2015 was approved (5,018,233 For; 89,832 Against; 177,750 Abstain).
Guidance, Outlook, and Risks
The filing references a presentation made by CEO Michael J. Rugen at the meeting (Exhibit 99.1), but the text of the presentation is not included in this report. Consequently, no specific guidance, outlook, management commentary, or risk factors are detailed in the provided text.
Investor Verification Checklist
- Verify the correct registrant name (Tengasco, Inc. vs. Riley Exploration Permian, Inc.) to ensure data alignment.
- Review Exhibit 99.1 (Presentation Made at Annual Shareholder's Meeting) for financial outlook and strategic commentary not included in the 8-K text.
- Confirm the fiscal year end for Tengasco, Inc. to contextualize the "Fiscal 2015" auditor ratification.
- Check subsequent filings for the actual financial statements for the period ending December 2016.