Stockholders of Tulsa-based Empire Petroleum took care of business this week at their annual meeting.
A total of 29,755,906 shares of the Company’s common stock were entitled to vote as of April 22, 2024, the record date for the Annual Meeting. There were 22,783,040 shares present, in person or by proxy, at theAnnual Meeting (or 76.56% of the outstanding shares), at which the stockholders were asked to vote on four proposals.
One matter dealt with the 2024 Stock and Incentive Compensation Plan which was approved. The 2024 Plan reserves 700,000 shares of the Company’s common stock for issuance thereunder. As a result of such approval, no further awards will be made under the Company’s 2023 Stock and Incentive Compensation Plan.
| For | Against | Abstain | Broker
Non-Votes |
| 14,933,610 | 983,188 | 3,198 | 6,863,044 |
Stockholders also chose three directors who had been nominated in the proxy statement.
| For | Withheld | Broker
Non-Votes |
|
| Michael R. Morrisett | 15,503,025 | 416,971 | 6,863,044 |
| Vice Admiral Andrew L. Lewis (Ret.) | 14,570,886 | 1,349,110 | 6,863,044 |
| J. Kevin Vann | 15,060,385 | 859,611 | 6,863,044 |
Stockholders also gave their approval to executive officer compensation.
| For | Against | Abstain | Broker
Non-Votes |
| 14,931,019 | 985,772 | 3,205 | 6,863,044 |
Stockholders also voted in support of the appointment of GrantThornton LLP as the company’s independent registered public accounting firm for 2024.
