New Concept Energy Files 2024 Proxy Statement

TL;DR

NCE filed its 2024 proxy statement, no fee required. Shareholders vote soon.

AI Summary

New Concept Energy, Inc. filed a definitive proxy statement (DEF 14A) on November 7, 2024, for its fiscal year ending December 31, 2024. The company, formerly known as CabelTel International Corp, is involved in the crude petroleum and natural gas industry. The filing indicates no fee was required for this filing.

Why It Matters

This filing provides shareholders with essential information regarding the company's governance and upcoming shareholder meetings, impacting their voting decisions.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new financial or operational information that would inherently increase risk.

Key Numbers

• 2024 — Fiscal Year End (The proxy statement covers the company's operations and governance for this period.)

Key Players & Entities

• New Concept Energy, Inc. (company) — Registrant
• CabelTel International Corp (company) — Former company name
• November 7, 2024 (date) — Filing date
• December 31, 2024 (date) — Fiscal year end

FAQ

Key Financial Figures

• $2,500 — urrently receives an annual retainer of $2,500 plus a meeting fee of $2,000 plus reimb
• $2,000 — etainer of $2,500 plus a meeting fee of $2,000 plus reimbursement for expenses. The Co
• $52,500 — or service as a director. During 2023, $52,500 was paid to the nonemployee directors i
• $10,500 — eceived by directors were Dan Locklear ($10,500), Cecelia Maynard ($10,500), Richard W.

Filing Documents

• p116245def14a.htm (DEF 14A) — 190KB
• 0001214659-24-018541.txt ( ) — 191KB

Security Ownership of

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners The following table sets forth the ownership of the Company’s Common Stock, both beneficially and of record, both individually and in the aggregate, for those persons or entities known by the Company to be the beneficial owners of more than 5% of its outstanding Common Stock as of the close of business on October 28, 2024. 8 Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership * Approximate Percent of Class ** Realty Advisors, Inc. 1603 LBJ Freeway, Suite 800 Dallas, Texas 75234 1,144,935 shares 22.31%

Security Ownership of Management

Security Ownership of Management The following table sets forth the ownership of the Company’s Common Stock, both beneficially and of record, both individually and in the aggregate, for the directors and executive officers of the Company as of the close of business on October 28, 2024. Name and Address of Beneficial Owner Amount and Nature of Beneficial Ownership* Approximate Percent of Class* * Gene S. Bertcher - 0% Richard W. Humphrey - 0% Dan Locklear - 0% Cecelia Maynard - 0% Robert C. Canham II - 0% All directors and executive officers as a group (5 people) - 0% _____________________________ * “Beneficial Ownership” means the sole or shared power to vote, or to direct the voting of, a security or investment power with respect to a security, or any combination thereof per Rule 13d-3 under the Securities Exchange Act of 1934. ** Percentages are based upon 5,131,934 shares of Common Stock outstanding at October 28, 2024. 9 PROPOSAL 1 ELECTION OF D