Matador Resources Shareholders Approve All Proposals
Ticker: MTDR · Form: 8-K · Filed: Jun 18, 2024 · CIK: 1520006
| Field | Detail |
|---|---|
| Company | Matador Resources Co (MTDR) |
| Form Type | 8-K |
| Filed Date | Jun 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-meeting, auditor-ratification
Related Tickers: MTDR
TL;DR
MTDR shareholders voted YES on everything, including directors and auditors. Board is set.
AI Summary
Matador Resources Company (MTDR) announced on June 13, 2024, that its shareholders approved all proposals at the company's 2024 Annual Meeting of Stockholders. Key among these was the election of two Class III directors, Mr. David M. Wood and Mr. David E. Johnson, to serve until the 2027 Annual Meeting. Shareholders also ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
Why It Matters
The shareholder approval ensures the continuity of the board of directors and the company's financial oversight, signaling stability to investors.
Risk Assessment
Risk Level: low — This filing is routine and concerns standard corporate governance matters like director elections and auditor ratification, posing no immediate new risks.
Key Numbers
- 2 — Directors Elected (David M. Wood and David E. Johnson were elected to serve until 2027.)
Key Players & Entities
- Matador Resources Company (company) — Registrant
- David M. Wood (person) — Elected Class III Director
- David E. Johnson (person) — Elected Class III Director
- Deloitte & Touche LLP (company) — Independent Registered Public Accounting Firm
- June 13, 2024 (date) — Date of Earliest Event Reported
- 2027 (date) — Term end for elected directors
FAQ
What were the key proposals voted on at the Matador Resources 2024 Annual Meeting?
The key proposals included the election of two Class III directors and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm.
Who were the directors elected at the meeting?
Mr. David M. Wood and Mr. David E. Johnson were elected as Class III directors.
Until when will the newly elected directors serve?
The elected directors will serve until the 2027 Annual Meeting of Stockholders.
What is the role of Deloitte & Touche LLP?
Deloitte & Touche LLP was ratified as the independent registered public accounting firm for Matador Resources Company for the fiscal year ending December 31, 2024.
What was the outcome of the shareholder vote on these proposals?
All proposals presented at the 2024 Annual Meeting of Stockholders were approved by the shareholders.
Filing Stats: 731 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2024-06-18 16:31:11
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MTDR New York Stock Exchange
Filing Documents
- mtdr-20240613.htm (8-K) — 48KB
- 0001520006-24-000150.txt ( ) — 173KB
- mtdr-20240613.xsd (EX-101.SCH) — 2KB
- mtdr-20240613_lab.xml (EX-101.LAB) — 22KB
- mtdr-20240613_pre.xml (EX-101.PRE) — 13KB
- mtdr-20240613_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. Matador Resources Company (the "Company") held its Annual Meeting of Shareholders (the "Annual Meeting") on June 13, 2024. On the April 16, 2024 record date for the Annual Meeting, there were 124,780,249 shares of the Company's common stock outstanding with each such share being entitled to one vote. A total of 116,425,802 shares of the Company's common stock were represented in person or by proxy at the Annual Meeting. The number of votes cast for, against or withheld, as well as abstentions and broker non-votes, as applicable, with respect to each matter is set forth below. Proposal 1: Election of Directors The shareholders elected each of William M. Byerley, Monika U. Ehrman and Kenneth L. Stewart as a Class I director of the Company for a term expiring at the Annual Meeting of Shareholders in 2027 and Susan M. Ward as a Class II director of the Company for a term expiring at the Annual Meeting of Shareholders in 2025. Each such director shall serve for the applicable term or the earlier death, retirement, resignation or removal of such director. Nominee Votes For Votes Against Votes Abstained Broker Non-Votes William M. Byerley 97,560,696 12,440,276 57,848 6,366,982 Monika U. Ehrman 99,869,421 10,131,775 57,624 6,366,982 Kenneth L. Stewart 98,081,645 11,919,536 57,639 6,366,982 Susan M. Ward 104,375,813 5,626,032 56,975 6,366,982 Proposal 2: Advisory Vote on 2023 Executive Compensation The shareholders approved the non-binding advisory resolution approving the 2023 compensation of the Company's named executive officers. Votes For Votes Against Votes Abstained Broker Non-Votes 103,826,855 6,122,551 109,414 6,366,982 Proposal 3: Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation The shareholders voted in favor of "1 Year" as their preferred frequency for holding future advisory votes to approve the compensation of the Company's named executive officers