SEC Filing Summary: Tengasco, Inc. (Form 8-K)
Business Context and Reporting Period
This Form 8-K, dated June 20, 2011, reports on the Annual Meeting of Stockholders for Tengasco, Inc. The filing details the outcomes of three key proposals voted upon by shareholders. The record date for the meeting was April 5, 2011, with 60,687,413 shares of common stock issued and outstanding.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance and voting results rather than financial performance.
Material Changes and Voting Results
Three major items were submitted to a vote of security holders:
- Election of Directors: All five nominated directors were elected. Jeffrey R. Bailey received the highest number of "For" votes (25,847,947), while Matthew K. Behrent received the lowest (25,593,373). Withheld votes ranged from approximately 1.0 million to 1.4 million per director.
- Change of State of Incorporation: Shareholders approved the Agreement and Plan of Merger to change the company's state of incorporation from Tennessee to Delaware. The vote was 26,616,687 For, 159,014 Against, and 98,457 Abstain.
- Ratification of Auditors: Shareholders ratified the appointment of Rodefer Moss & Co, PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2011. The vote was 51,282,076 For, 824,377 Against, and 1,061,063 Abstain.
A quorum was established with 53,385,516 shares represented in person or by proxy.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is a procedural report of the Annual Meeting results.
Key Facts for Investor Verification
- Verify the completion of the legal process to change the state of incorporation from Tennessee to Delaware.
- Confirm the tenure and responsibilities of the newly elected Board of Directors.
- Review the upcoming 2011 fiscal year audit report prepared by Rodefer Moss & Co, PLLC.
- Note that the registrant name in the filing is Tengasco, Inc., distinct from the "Riley Exploration Permian, Inc." mentioned in the request metadata.