Blue Dolphin Energy Files 2023 Proxy Statement
Ticker: BDCO · Form: DEF 14A · Filed: Jun 4, 2024 · CIK: 793306
| Field | Detail |
|---|---|
| Company | Blue Dolphin Energy CO (BDCO) |
| Form Type | DEF 14A |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $44.7 million, $39.2 million, $11.8 million, $10.5 million, $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, annual-meeting, governance
TL;DR
BDCO filed its 2023 proxy statement, shareholders vote soon.
AI Summary
Blue Dolphin Energy Company filed a definitive proxy statement (DEF 14A) on June 4, 2024, for the fiscal year ending December 31, 2023. The filing pertains to the company's annual meeting and related matters, with the company's principal executive offices located at 801 Travis Suite 2100, Houston, TX 77002-5729. The company was formerly known as Mustang Resources Corp and Zim Energy Corp.
Why It Matters
This filing provides shareholders with crucial information regarding the company's governance, executive compensation, and voting matters for the upcoming annual meeting, impacting their investment decisions.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain new material events or financial disclosures that would inherently increase risk.
Key Players & Entities
- BLUE DOLPHIN ENERGY CO (company) — Registrant
- 0000793306 (company) — Central Index Key
- MUSTANG RESOURCES CORP (company) — Former Company Name
- ZIM ENERGY CORP (company) — Former Company Name
- 801 TRAVIS SUITE 2100 (company) — Business Address
- HOUSTON (company) — Business City
- TX (company) — Business State
- 77002-5729 (company) — Business Zip Code
FAQ
What is the purpose of this DEF 14A filing?
This filing is a definitive proxy statement filed by Blue Dolphin Energy Company to provide shareholders with information for their annual meeting and voting.
When was this filing submitted to the SEC?
The filing was submitted on June 4, 2024.
What is Blue Dolphin Energy Company's fiscal year end?
Blue Dolphin Energy Company's fiscal year ends on December 31.
What were some of Blue Dolphin Energy Company's former names?
The company was formerly known as Mustang Resources Corp and Zim Energy Corp.
Where is Blue Dolphin Energy Company's principal executive office located?
The company's business address is 801 Travis Suite 2100, Houston, TX 77002-5729.
Filing Stats: 4,726 words · 19 min read · ~16 pages · Grade level 11.9 · Accepted 2024-06-04 15:49:20
Key Financial Figures
- $44.7 million — 023 , reporting a total gross profit of $44.7 million and total adjusted earnings before inte
- $39.2 million — , and amortization (adjusted EBITDA) of $39.2 million. We also reported strong financial resu
- $11.8 million — 31, 2024, with a total gross profit of $11.8 million and a total adjusted EBITDA of $10.5 mi
- $10.5 million — million and a total adjusted EBITDA of $10.5 million. We achieved these financial results ag
- $0.01 — 8 shares of our common stock, par value $0.01 per share (the "Common Stock"), issued
Filing Documents
- bdco20240415_def14a.htm (DEF 14A) — 470KB
- bdco20240415_def14aimg001.jpg (GRAPHIC) — 4KB
- bdco20240415_def14aimg002.jpg (GRAPHIC) — 4KB
- bdco20240415_def14aimg003.jpg (GRAPHIC) — 1KB
- bdco20240415_def14aimg004.jpg (GRAPHIC) — 1KB
- 0001437749-24-019173.txt ( ) — 486KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 20 RELATED PARTY TRANSACTIONS 21 SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 22 DIRECTOR NOMINATION AND STOCKHOLDER PROPOSALS BY STOCKHOLDERS FOR ANNUAL MEETING OF STOCKHOLDERS 22 WHERE YOU CAN FIND MORE INFORMATION 24 CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS 24 DELIVERY OF DOCUMENTS TO STOCKHOLDERS SHARING AN ADDRESS 25 APPENDICES AUDIT COMMITTEE CHARTER A-1 COMPENSATION COMMITTEE CHARTER B-1 1 PROCEDURAL MATTERS General This proxy statement and accompanying notice and proxy form are being furnished to the stockholders of Blue Dolphin Energy Company (referred to herein as "Blue Dolphin," "we," "us," and "our") in connection with the solicitation of proxies by Blue Dolphin's Board of Directors (the "Board") for use at the Annual Meeting of Stockholders (the "Annual Meeting") and any adjournment or postponement thereof. Date, Time, and Place The Annual Meeting will be held on Thursday, July 18, 2024 at 10:00 a.m. Central Time at Blue Dolphin's principal office, which is located at 801 Travis Street, 21 st Floor, Houston, Texas 77002. Purpose At the Annual Meeting, stockholders are being asked to consider and vote upon proposals to: (1) Elect five (5) directors, all of whom shall serve until the next annual meeting of stockholders, or in each case until their successors are duly elected and qualified, or until their earlier resignation or removal. (2) Ratify the selection of UHY LLP ("UHY") as our independent registered public accounting firm for the fiscal year ending December 31, 2024 . (3) Transact any other business that may properly come before the Annual Meeting. Record Date; Who Is Entitled to Vote The Board has fixed the close of business on May 20, 2024 as the record date (the "Record Date") for the determination of stockholders entitled to notice of, and to vote at, the Annual Meeting. A list of registered stockhol