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Victory Energy Announces Voting Results from Special Meeting of Stockholders
Victory Energy Announces Voting Results from Special Meeting of Stockholders.
About this update from Victory Oilfield Tech, Inc.
[{"type":"text","content":"\n\n AUSTIN, Texas, Nov. 21, 2017 (GLOBE NEWSWIRE) -- Victory Energy Corporation (OTCQB:VYEY) (\"Victory\" or the “Company”), today announced the voting results from its special meetings of stockholders held on November 20, 2017. Approximately 74 percent of all outstanding shares were present or represented by proxy at the meeting.\n The Board of Directors had recommended a vote for each of the three stockholder proposals, and each proposal succeeded in receiving affirmative votes from a majority of the total shares that were represented at the meeting and entitled to vote and, accordingly, they all passed. The approximate percentages of the shares present or represented by proxy at the meeting that were voted in favor of each of the three shareholder proposals were as follows: To approve the amended and restated articles of incorporation: approximately 73.68 percent of the shares that were entitled to vote.To approve the divestiture of all the Company’s partnership interests in Aurora Energy Partners: approximately 99.98 percent of the shares that were present or represented by proxy at the meeting and entitled to vote.To approve the 2017 Equity Incentive Plan: approximately 99.96 percent of the shares that were present or represented by proxy at the meeting and entitled to vote. The Company reported that stockholders approved the election of each of Victory’s seven director nominees. Each director nominee received affirmative votes from approximately 99.96 percent of the shares voted, excluding abstentions and broker non-votes, as follows: Director Nominee   For   % Vote WithheldRonald Zamber   99.96%   0.04%Kevin Deleon   99.96%   0.04%Kenneth Hill   99.96%   0.04%Robert Grenley   99.96%   0.04%Ricardo Salas   99.96%   0.04%Julio Herrera   99.96%   0.04%Eric Eilertsen   99.96%   0.04% Kenny Hill, Victory’s Chief Executive Officer commented, “We are pleased that our stockholders voted overwhelmingly to approve this transaction and recognize the value of transforming Victory into a technology-driven, friction reducing oilfield products and services com...