MAMMOTH ENERGY SERVICES, INC. current report, 12 June 2017

Full document

SEC Filing Summary: Mammoth Energy Services, Inc. (8-K)

Business Context and Reporting Period

This Form 8-K, dated June 12, 2017, reports on the results of the Company's first Annual Meeting of Stockholders held on June 8, 2017. The meeting took place following the Company's initial public offering in October 2016. The filing details the voting outcomes for director elections and the ratification of independent auditors.

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 matters and does not contain financial performance data.

Material Changes

There are no material financial changes reported in this filing. The primary event is the successful completion of the Annual Meeting where stockholders voted on two proposals.

Guidance, Outlook, and Voting Results

Management commentary and financial guidance are not included in this filing. The key outcomes of the stockholder vote were as follows:

  • Proposal 1 (Election of Directors): Six nominees were elected to serve until the 2018 Annual Meeting. All nominees received significant support, with "For" votes ranging from approximately 30.7 million to 33.6 million. Votes withheld ranged from approximately 2.5 million to 5.4 million per nominee.
  • Proposal 2 (Ratification of Auditors): The appointment of Grant Thornton LLP as independent auditors for the fiscal year ending December 31, 2017, was ratified. The vote count was 36,862,817 For, 4,471 Against, and 2,020 Abstentions.

Key Facts for Investor Verification

  • Verify the tenure of the newly elected directors, which extends until the 2018 Annual Meeting.
  • Confirm the engagement of Grant Thornton LLP as the independent auditor for the 2017 fiscal year.
  • Note that this filing contains no financial results; investors should refer to the Company's 10-K or 10-Q filings for financial performance data.
  • Review the definitive proxy statement filed on April 28, 2017, for detailed background on the proposals.