Prairie Operating Co. Announces 2024 Annual Meeting of Stockholders
Ticker: PROP · Form: DEF 14A · Filed: Apr 24, 2024 · CIK: 1162896
Sentiment: neutral
Topics: Annual Meeting, Proxy Statement, Executive Compensation, Board of Directors, Incentive Plan
TL;DR
<b>Prairie Operating Co. will hold its 2024 Annual Meeting on June 5, 2024, to elect directors, approve incentive plans, and vote on executive compensation.</b>
AI Summary
Prairie Operating Co. (PROP) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. Annual Meeting scheduled for June 5, 2024, at 10:00 a.m. Central Time in Houston, Texas. Key proposals include election of seven Board of Directors members, approval of the 2024 Long-Term Incentive Plan, and ratification of independent auditors. Stockholders will also vote on advisory approval of Named Executive Officer compensation and its frequency. Record date for determining eligible stockholders is April 8, 2024. The company was formerly known as Creek Road Miners, Inc., Wizard Brands, Inc., and Wizard Entertainment, Inc.
Why It Matters
For investors and stakeholders tracking Prairie Operating Co., this filing contains several important signals. The election of directors and approval of the Long-Term Incentive Plan are critical for the company's future governance and employee motivation. Stockholder votes on executive compensation and its frequency provide direct input into the company's pay practices and corporate governance.
Risk Assessment
Risk Level: low — Prairie Operating Co. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns indicated.
Analyst Insight
Stockholders should review the proposals regarding director elections, incentive plans, and executive compensation before the June 5, 2024 meeting.
Key Numbers
- 7 — Directors to be elected (Number of Board of Directors members to be elected at the Annual Meeting.)
- 2024 — Long-Term Incentive Plan (Year of the Amended & Restated Long-Term Incentive Plan to be approved.)
- 2024 — Independent Auditors Fiscal Year (Fiscal year for which Ham, Langston & Brezina, L.L.P. is proposed as independent auditor.)
Key Players & Entities
- Prairie Operating Co. (company) — Registrant and Company Name
- June 5, 2024 (date) — Date of Annual Meeting
- April 8, 2024 (date) — Record Date for Stockholders
- Ham, Langston & Brezina, L.L.P. (company) — Independent registered public accounting firm
- Creek Road Miners, Inc. (company) — Former Company Name
- Wizard Brands, Inc. (company) — Former Company Name
- Wizard Entertainment, Inc. (company) — Former Company Name
FAQ
When did Prairie Operating Co. file this DEF 14A?
Prairie Operating Co. filed this Proxy Statement (DEF 14A) with the SEC on April 24, 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 Prairie Operating Co. (PROP).
Where can I read the original DEF 14A filing from Prairie Operating Co.?
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 Prairie Operating Co..
What are the key takeaways from Prairie Operating Co.'s DEF 14A?
Prairie Operating Co. filed this DEF 14A on April 24, 2024. Key takeaways: Annual Meeting scheduled for June 5, 2024, at 10:00 a.m. Central Time in Houston, Texas.. Key proposals include election of seven Board of Directors members, approval of the 2024 Long-Term Incentive Plan, and ratification of independent auditors.. Stockholders will also vote on advisory approval of Named Executive Officer compensation and its frequency..
Is Prairie Operating Co. a risky investment based on this filing?
Based on this DEF 14A, Prairie Operating Co. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational concerns indicated.
What should investors do after reading Prairie Operating Co.'s DEF 14A?
Stockholders should review the proposals regarding director elections, incentive plans, and executive compensation before the June 5, 2024 meeting. The overall sentiment from this filing is neutral.
How does Prairie Operating Co. compare to its industry peers?
Prairie Operating Co. operates in the crude petroleum and natural gas industry.
Are there regulatory concerns for Prairie Operating Co.?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
Industry Context
Prairie Operating Co. operates in the crude petroleum and natural gas industry.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
What Investors Should Do
- Review the nominees for the Board of Directors and their qualifications.
- Understand the terms and implications of the 2024 Amended & Restated Long-Term Incentive Plan.
- Consider the advisory votes on executive compensation and its frequency.
Key Dates
- 2024-06-05: Annual Meeting of Stockholders — Primary date for voting on proposals.
- 2024-04-08: Record Date — Determines which stockholders are eligible to vote.
- 2024-04-24: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.
Year-Over-Year Comparison
This is a DEF 14A filing, indicating it is the definitive proxy statement for the annual meeting, following any preliminary filings.
Filing Stats: 4,665 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2024-04-24 17:26:23
Key Financial Figures
- $0.01 — Company’s common stock, par value $0.01 per share (our “common stock&rdqu
Filing Documents
- formdef14a.htm (DEF 14A) — 695KB
- formdef14a_001.jpg (GRAPHIC) — 7KB
- formdef14a_002.jpg (GRAPHIC) — 38KB
- formdef14a_003.jpg (GRAPHIC) — 46KB
- proxycard_001.jpg (GRAPHIC) — 206KB
- proxycard_002.jpg (GRAPHIC) — 186KB
- 0001493152-24-015825.txt ( ) — 1362KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 18 DIRECTOR COMPENSATION 25 DELINQUENT SECTION 16(a) REPORTS 26 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 26 ITEM TWO: APPROVAL OF THE 2024 AMENDED & RESTATED PRAIRIE OPERATING CO. LONG-TERM INCENTIVE PLAN 30 AUDIT MATTERS 41 ITEM THREE: RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 40 ITEM FOUR: ADVISORY VOTE TO APPROVE THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS 43 ITEM FIVE: ADVISORY VOTE ON THE FREQUENCY OF STOCKHOLDER VOTES ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS 44 ITEM SIX: OTHER BUSINESS 45 ADDITIONAL INFORMATION 45 APPENDIX A – 2024 AMENDED & RESTATED PRAIRIE OPERATING CO. LONG-TERM INCENTIVE PLAN A-1 PRAIRIE OPERATING CO. 602 Sawyer Street, Suite 710 Houston, Texas 77007 PROXY 2024 ANNUAL MEETING OF STOCKHOLDERS This proxy statement (this “Proxy Statement”) is being furnished to you in connection with the solicitation of proxies by the Board of Directors (the “Board”) of Prairie Operating Co. for use at the Prairie Operating Co. 2024 Annual Meeting of Stockholders (the “Annual Meeting”). In this Proxy Statement, references to “Prairie Operating Co.,” the “Company,” “we,” “us,” “our” and similar expressions refer to Prairie Operating Co., unless the context or a particular reference provides otherwise. The Board requests your proxy for the Annual Meeting that will be held on Wednesday, June 5, 2024 at The Westin Oaks Houston, 5011 Westheimer At, Post Oak Blvd., Houston, Texas 77056, for the purposes set forth in the accompanying notice and described in this Proxy Statement. By granting a proxy, you authorize the persons named in the proxy to represent you and vote your shares at the Annual Meeting or any adjournment(s) or postponement(s) thereof. If you attend the Annual Meeting, you may vote in person. Even