US ENERGY CORP. Files 8-K on Shareholder Vote Matters
Ticker: USEG · Form: 8-K · Filed: May 21, 2024 · CIK: 101594
| Field | Detail |
|---|---|
| Company | US Energy Corp (USEG) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
Related Tickers: USEG
TL;DR
USEG filed an 8-K for a shareholder vote - expect news on company direction soon.
AI Summary
On May 17, 2024, US ENERGY CORP. filed an 8-K report detailing the submission of matters to a vote of its security holders. The filing, made on May 21, 2024, pertains to a shareholder meeting where key decisions regarding the company's governance and operations were likely presented for approval. The company is incorporated in Delaware and headquartered in Houston, Texas.
Why It Matters
This filing indicates that US ENERGY CORP. is engaging its shareholders in important corporate decisions, which could impact the company's future direction and shareholder value.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a shareholder vote, not indicating any immediate financial distress or significant operational change.
Key Players & Entities
- US ENERGY CORP. (company) — Registrant
- May 17, 2024 (date) — Date of earliest event reported
- May 21, 2024 (date) — Filing date
- Houston, Texas (location) — Principal executive offices
FAQ
What specific matters were submitted for a vote of security holders?
The filing states that it is a 'Submission of Matters to a Vote of Security Holders,' but the specific details of these matters are not provided in the excerpt.
When was the shareholder meeting or vote intended to take place?
The 'Date of earliest event reported' is May 17, 2024, which is likely the date of the shareholder meeting or the date by which votes were to be cast.
What is the primary business of US ENERGY CORP.?
US ENERGY CORP. is in the 'CRUDE PETROLEUM & NATURAL GAS' industry, with SIC code 1311.
Where is US ENERGY CORP. headquartered?
The company's principal executive offices are located at 1616 S. Voss, Suite 725, Houston, Texas 77057.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number for US ENERGY CORP. is 83-0205516.
Filing Stats: 607 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-05-21 16:05:31
Key Financial Figures
- $0.01 — nge on which registered Common Stock , $0.01 par value USEG NASDAQ Stock Market
Filing Documents
- useg20240521_8k.htm (8-K) — 39KB
- 0001437749-24-017825.txt ( ) — 168KB
- useg-20240517.xsd (EX-101.SCH) — 3KB
- useg-20240517_def.xml (EX-101.DEF) — 11KB
- useg-20240517_lab.xml (EX-101.LAB) — 15KB
- useg-20240517_pre.xml (EX-101.PRE) — 11KB
- useg20240521_8k_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. On May 17, 2024, U.S. Energy Corp. (" we ", " us " or the " Company ") held its 2024 Annual Meeting of Stockholders (the " Meeting "). The following three proposals were voted on at the Meeting (as described in greater detail in the Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on April 18, 2024 (the " Proxy Statement ")), with the results of such voting as set forth below. Capitalized terms have the meanings given to such terms in the Proxy Statement and this Form 8-K should be read in connection with the Proxy Statement. Proposal 1 Each of the two (2) Class Two director nominees listed below were duly appointed to the Board of Directors by a plurality of the votes cast (there was no solicitation in opposition to management's nominees as listed in the proxy statement), each to serve a term of three years and until their respective successors have been elected and qualified: Votes For Votes Withheld Broker Non-Votes James W. Denny III 11,658,987 571,067 7,297,058 Ryan L. Smith 12,066,943 163,111 7,297,058 Proposal 2 A management proposal to ratify the appointment of Weaver & Tidwell, L.L.P. as the Company's independent auditor for the fiscal year ended December 31, 2024 was approved. Votes For Votes Against Abstentions Broker Non-Votes 19,348,087 148,647 30,378 — Proposal 3 A management proposal relating to an advisory vote to approve named executive officer compensation was approved. Votes For Votes Against Abstentions Broker Non-Votes 11,704,076 476,835 49,143 7,297,058
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. U.S. ENERGY CORP. By: /s/ Ryan Smith Ryan Smith Chief Executive Officer Dated: May 21, 2024