Halcón Resources Announces 2015 Annual Meeting Results
May 07 2015 - 7:30AM
Halcón Resources Corporation (NYSE: HK) (“Halcón” or the
“Company”) today announced that the stockholders approved each of
the proposals voted on at its annual meeting held on May 6,
2015.
Declassification of Board of Directors and Election of
Directors
The stockholders approved an amendment to Halcón’s amended and
restated certificate of incorporation (the “Certificate of
Incorporation”), which declassifies the Company’s Board of
Directors and provides for an annual election of directors. In
addition, the following nominees were elected to serve as directors
until the annual meeting of stockholders in 2016:
- Tucker S. Bridwell
- Kevin E. Godwin
- Mark A. Welsh IV
Amendment of the Amended and Restated Certificate of
Incorporation
The stockholders approved an amendment to Halcón’s Certificate
of Incorporation to effect, at the discretion of its Board of
Directors, a one-for-five (1:5) reverse stock split of its common
stock.
Amendment to First Amended and Restated 2012 Long-Term
Incentive Plan
The stockholders approved an amendment to the Company’s 2012
Long-Term Incentive Plan (the “Plan”) to increase the number of
shares of Halcón common stock that may be issued under the Plan by
40,000,000 shares, subject to adjustment in accordance with the
terms of the Plan upon approval and implementation of the
aforementioned one-for-five (1:5) reverse stock split by the
Company’s Board of Directors.
Issuance of Additional Shares of Common Stock to HALRES
LLC
The stockholders approved the issuance of additional shares of
Halcón’s common stock to HALRES LLC upon conversion of the
Company’s 8.0% senior convertible note and exercise of the warrants
in connection with an amendment to, among other things, extend the
maturity of the 8.0% senior convertible note and the warrants.
Ratification of Appointment of Deloitte & Touche LLP
as Independent Public Accountants
The stockholders ratified the appointment of Deloitte &
Touche LLP as Halcón’s independent registered public accounting
firm for the fiscal year ending December 31, 2015.
About Halcón Resources
Halcón Resources Corporation is an independent energy company
engaged in the acquisition, production, exploration and development
of onshore oil and natural gas properties in the United States.
Scott M. Zuehlke
VP, Investor Relations
Halcón Resources
(832) 538-0314
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