The annual meeting of stockholders at Empire Petroleum Corporation met in the past week to take care of business.
Of the 33,712,727 shares in common stock, 29,382,197 were present for the June 12 meeting or by proxy, representing 87.15% of the company’s outstanding shares. The stockholders were asked to vote on three proposals.
They voted for three directors. Michael R. Morrisett, Vice Admiral Andrew L. Lewis (Ret.) and J. Kevin Vann were elected in the voting. Shareholders gave 23,976,047 votes to Morrisett; 23,621,464 to Lewis and 24,032,734 for Vann. Their terms will expire at the annual meeting of stockholders in 2026.
The second order of voting was approval of executive compensation. A filing with the SEC indicated it was approved although the voting showed more stockholders were against than were for the compensation proposal.
The stockholders voted to approve, on an advisory basis, named executive officer compensation. The results of the vote were as follows:
| For | Against | ||
| 24,208,035 | 28,842 |
Shareholders also voted to ratify the appointment of Grant Thornton LLP as the company’s independent registered public accounting form for 2025.