Oklahoma City’s Mammoth Energy Services has filed additional proxy material for its upcoming July 2 annual meeting of shareholders.
In the SEC filing, the company explained the material follows the June 10 proxy statement furnished to stockholders for use at the annual meeting.
“The purpose of this information is to inform you that the Company is filing these additional materials to supplement the Proxy Statement solely to disclose that the Company delayed the filing of the Proxy Statement for the Annual Meeting in reliance on the filing extension provided by the U.S. Securities and Exchange Commission’s March 4, 2020 Order (Release No. 34-88318), as modified on March 25, 2020 (Release No. 34-88465) (the “Order”).”
Mammoth explained the COVID-19 pandemic forced the closing of its company offices because of stay-at-home orders in Oklahoma. The company resorted to a work-from-home policy to protect the health of its employees and their families.
“The office closure and the work-from-home policy in turn caused a delay in the completion of the Proxy Statement process.”
The SEC filing by Mammoth said the COVID-19 pandemic also required key personnel to devote considerable time and resources to respond to the emerging impacts to the Company’s business. These conditions made it necessary to delay the disclosure of the Part III Information (all of which is now included in the Proxy Statement).
Source: Mammoth Energy SEC filing
