The annual stockholders meeting of Laredo Petroleum, Inc. was held last week at which time a vote was approved to increase the number of shares of common stock in the company.
The vote was to increase the number of shares from 22,500,000 shares to 40,000,000 shares according to a company filing with the Securities and Exchange Commission.
William E. Albrecht and Frances Powell Hawes were elected to the Board of Directors while director Pamela S. Pierce departed the board upon the expiration of her term.
Shareholders also ratified the selection of Grant Thornton LLP as Laredo’s independent registered public accounting firm for the year ending Dec. 31, 2022. They also approved a resolution regarding compensation of the company’s named executive officers.
At the meeting, there were 17,302,320 shares of common stock outstanding and entitled to vote and a total of 13,267,253 shares or about 77% were represented in person or by proxy.