Amplify Energy Corp. Announces 2024 Annual Meeting of Stockholders on May 15
Ticker: AMPY · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 1533924
Sentiment: neutral
Topics: Amplify Energy, DEF 14A, Annual Meeting, Proxy Statement, Stockholder Proposals
TL;DR
<b>Amplify Energy Corp. will hold its 2024 Annual Meeting of Stockholders virtually on May 15, 2024, to vote on director elections, executive compensation, equity plans, and a potential company sale.</b>
AI Summary
Amplify Energy Corp. (AMPY) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. The 2024 Annual Meeting of Stockholders for Amplify Energy Corp. will be held virtually on May 15, 2024. Key proposals include the election of seven directors, ratification of Deloitte & Touche LLP as independent auditors, and advisory approval of executive compensation. Stockholders will also vote on the Amplify Energy Corp. 2024 Equity Incentive Plan. A stockholder proposal requesting a sale, merger, or liquidation within three years will be considered. The meeting will be conducted via live audio webcast, with registration required by May 14, 2024.
Why It Matters
For investors and stakeholders tracking Amplify Energy Corp., this filing contains several important signals. The virtual format and registration deadline emphasize the need for timely shareholder engagement. The inclusion of a stockholder proposal for sale or liquidation signals potential strategic shifts or shareholder activism.
Risk Assessment
Risk Level: low — Amplify Energy Corp. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would significantly alter the risk profile.
Analyst Insight
Shareholders should review the proposals, particularly the equity incentive plan and the stockholder-initiated sale/merger/liquidation proposal, to inform their voting decisions.
Key Numbers
- May 15, 2024 — Annual Meeting Date (2024 Annual Meeting of Stockholders.)
- 7 — Directors to Elect (To elect seven directors to the board.)
- 2024 — Fiscal Year for Auditors (Fiscal year ending December 31, 2024, for which Deloitte & Touche LLP is proposed as auditor.)
- 2024 — Equity Incentive Plan Year (Amplify Energy Corp. 2024 Equity Incentive Plan.)
- 3 — Years for Sale/Merger/Liquidation (Stockholder proposal requesting sale, merger, or liquidation in three years or less.)
Key Players & Entities
- Amplify Energy Corp. (company) — Registrant and filer of the proxy statement.
- Deloitte & Touche LLP (company) — Proposed independent registered public accounting firm.
- May 15, 2024 (date) — Date of the Annual Meeting of Stockholders.
- May 14, 2024 (date) — Registration deadline for the virtual meeting.
- 7 (dollar_amount) — Number of directors to be elected.
FAQ
When did Amplify Energy Corp. file this DEF 14A?
Amplify Energy Corp. filed this Proxy Statement (DEF 14A) with the SEC on April 5, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Amplify Energy Corp. (AMPY).
Where can I read the original DEF 14A filing from Amplify Energy Corp.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Amplify Energy Corp..
What are the key takeaways from Amplify Energy Corp.'s DEF 14A?
Amplify Energy Corp. filed this DEF 14A on April 5, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Amplify Energy Corp. will be held virtually on May 15, 2024.. Key proposals include the election of seven directors, ratification of Deloitte & Touche LLP as independent auditors, and advisory approval of executive compensation.. Stockholders will also vote on the Amplify Energy Corp. 2024 Equity Incentive Plan..
Is Amplify Energy Corp. a risky investment based on this filing?
Based on this DEF 14A, Amplify Energy Corp. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would significantly alter the risk profile.
What should investors do after reading Amplify Energy Corp.'s DEF 14A?
Shareholders should review the proposals, particularly the equity incentive plan and the stockholder-initiated sale/merger/liquidation proposal, to inform their voting decisions. The overall sentiment from this filing is neutral.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings.
- Stockholder Proposal on Sale/Merger/Liquidation [medium — financial]: A stockholder proposal seeks a sale, merger, or liquidation within three years, which could impact future financial strategy and operations.
- Virtual Meeting Logistics [low — operational]: Ensuring smooth operation of the virtual annual meeting and timely registration for stockholders.
Key Dates
- 2024-05-15: Annual Meeting of Stockholders — To elect directors, ratify auditors, approve executive compensation, and vote on equity plans and a strategic proposal.
- 2024-05-14: Registration Deadline — Deadline for stockholders to register to attend the virtual annual meeting.
Glossary
- DEF 14A
- Definitive Proxy Statement filed with the SEC. (This filing type indicates the company is providing official notice and details for its annual shareholder meeting.)
- Proxy Statement
- A document providing information to shareholders about matters to be voted on at a company meeting. (Essential for shareholders to understand the issues and make informed voting decisions.)
- Named Executive Officers (NEOs)
- The top executive officers of a company whose compensation is disclosed in SEC filings. (Shareholders are asked to vote on the compensation of these key individuals.)
Filing Stats: 4,836 words · 19 min read · ~16 pages · Grade level 11.8 · Accepted 2024-04-05 16:05:05
Key Financial Figures
- $25,000 — amount that we estimate will not exceed $25,000, plus expenses. In addition to solicita
Filing Documents
- tm242828-1_def14a.htm (DEF 14A) — 1004KB
- sg_ericmwillis-bw.jpg (GRAPHIC) — 7KB
- bc_directorage-4c.jpg (GRAPHIC) — 7KB
- bc_directortenure-4c.jpg (GRAPHIC) — 8KB
- bc_directorgender-4c.jpg (GRAPHIC) — 6KB
- ic_tick-4c.gif (GRAPHIC) — 1KB
- ic_cross-4c.gif (GRAPHIC) — 1KB
- pc_chiefexecuti-4c.jpg (GRAPHIC) — 17KB
- pc_othernamedexec-4c.jpg (GRAPHIC) — 17KB
- pc_quantitative-4c.jpg (GRAPHIC) — 32KB
- bc_actualpaidtsr-4c.jpg (GRAPHIC) — 46KB
- bc_netincome-4c.jpg (GRAPHIC) — 47KB
- lc_stockhold-4clr.jpg (GRAPHIC) — 46KB
- px_24amplfyproxy1pg01-bw.jpg (GRAPHIC) — 248KB
- px_24amplfyproxy1pg02-bw.jpg (GRAPHIC) — 207KB
- 0001104659-24-044250.txt ( ) — 1922KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 38 DELINQUENT SECTION 16(A) REPORTS 39 PROPOSAL 1—ELECTION OF DIRECTORS 40 PROPOSAL 2—RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 41 PROPOSAL 3—ADVISORY (NON-BINDING) VOTE APPROVING COMPENSATION OF NAMED EXECUTIVE OFFICERS 43 PROPOSAL 4—APPROVAL OF AMPLIFY ENERGY CORP. 2024 EQUITY INCENTIVE PLAN 44 PROPOSAL 5—STOCKHOLDER PROPOSAL REQUESTING THE COMPANY TO TAKE THE NECESSARY STEPS TO ACHIEVE A SALE, MERGER, OR ORDERLY LIQUIDATION IN THREE YEARS OR LESS 53 STOCKHOLDER PROPOSALS; IDENTIFICATION OF DIRECTOR CANDIDATES 56 ADDITIONAL INFORMATION 58 This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current facts, including statements regarding our plans and goals, made in this document are forward-looking. We use words such as anticipates, believes, expects, future, intends, and similar expressions to identify forward-looking statements. Forward-looking statements reflect management's current expectations and are inherently uncertain. Actual results could differ materially for a variety of reasons. Risks and uncertainties that could cause our actual results to differ significantly from management's expectations are described in our Annual Report on Form 10-K dated March 6, 2024. i TABLE OF CONTENTS AMPLIFY ENERGY CORP. 500 Dallas Street, Suite 1700 Houston, Texas 77002 PROXY STATEMENT 2024 ANNUAL MEETING OF STOCKHOLDERS We have furnished this proxy statement (this "Proxy Statement") to you because the Board of Directors (the "Board") of Amplify Energy Corp., a Delaware corporation (referred to herein as the "Company," "Amplify," "Amplify Energy," "we," "us" or "our"), is soliciting your proxy to vote at our 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held on May 15, 2024, at 9:00