Shareholders in Tulsa’s Vital Energy, Inc. took part in the company’s recent annual meeting of stockholders and upon recommendation of the firm’s board of directors elected four members to the board.
Elected to the board were Dr. Craig M. Jarchow, Jason Pigott, Edmund P. Segner, III and Dr. Shihab Kuran along with John Driver.
Shareholders also ratified the selection of Ernst & Young LLP ad the company’s independent registered public accounting firm for the year ending December 31, 2023.
Compensation for company named officers was approved but a request by the board for a second amendment and restatement of the company’s certificate of incorporation was turned down.
Vital Energy’s stockholders did not approve the Amendment and Restatement, because the proposal required the affirmative vote of at least 75% of the outstanding shares entitled to vote on this proposal. This proposal received approval from approximately 97% of the votes cast, but only received the affirmative vote of approximately 64% of the outstanding shares of Common Stock.
Votes regarding the election of these directors were as follows:
| NOMINEE | CLASS | YEAR | VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | BROKER NON-VOTES | ||||||||||||||||||||||||||||||||
| John Driver | III | 2025 | 7,863,700 | 308,310 | 29,068 | 3,887,687 | ||||||||||||||||||||||||||||||||
| Dr. Craig M. Jarchow | I | 2026 | 7,854,343 | 241,334 | 105,401 | 3,887,687 | ||||||||||||||||||||||||||||||||
| Jason Pigott | I | 2026 | 7,931,384 | 225,930 | 43,764 | 3,887,687 | ||||||||||||||||||||||||||||||||
| Edmund P. Segner, III | I | 2026 | 7,771,532 | 242,749 | 186,797 | 3,887,687 | ||||||||||||||||||||||||||||||||
| Dr. Shihab Kuran | I | 2026 | 7,849,789 | 322,822 | 28,467 | 3,887,687 | ||||||||||||||||||||||||||||||||
2.Ernst & Young LLP was ratified as the Company’s independent registered public accounting firm for the year ending December 31, 2023. The voting results were as follows:
| VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | BROKER NON-VOTES | |||||||||||||||||
| 12,012,593 | 72,646 | 3,526 | 0 | |||||||||||||||||
3.The voting results for the advisory (non-binding) resolution regarding the compensation of the Company’s named executive officers were as follows:
| VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | BROKER NON-VOTES | |||||||||||||||||
| 7,443,246 | 620,906 | 136,926 | 3,887,687 | |||||||||||||||||
4.The voting results for the Amendment and Restatement were as follows:
| VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | BROKER NON-VOTES | |||||||||||||||||
| 10,813,660 | 280,419 | 994,686 | 0 | |||||||||||||||||
The Company’s stockholders did not approve the Amendment and Restatement, because the proposal required the affirmative vote of at least 75% of the outstanding shares entitled to vote on this proposal. This proposal received approval from approximately 97% of the votes cast, but only received the affirmative vote of approximately 64% of the outstanding shares of Common Stock.
