UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: June 9, 2022
(Date of earliest event reported)
EARTHSTONE ENERGY, INC.
(Exact name of registrant as specified in its charter)
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| Delaware | | 001-35049 | | 84-0592823 |
| (State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
1400 Woodloch Forest Drive, Suite 300
The Woodlands, Texas 77380
(Address of principal executive offices) (Zip Code)
(281) 298-4246
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| | ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| | ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| | ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| | ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Class A Common Stock, $0.001 par value per share | ESTE | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As described in Item 5.07 of this Current Report on Form 8-K, on June 9, 2022, at the 2022 annual meeting of stockholders (the “Meeting”) of Earthstone Energy, Inc. (the “Company”), the Company's stockholders approved the Company’s proposal for the election of three individuals to serve as Class I directors of the Company for three-year terms expiring in 2025.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Meeting was held on June 9, 2022 at which the Company’s stockholders voted on the proposals identified below.
At the close of business on April 13, 2022, the record date for the Meeting, 73,440,800 shares of the Class A Common Stock and 34,271,766 shares of the Company’s Class B common stock (collectively with the Class A Common Stock, the “Common Stock”), were issued and outstanding and entitled to vote at the Meeting. Stockholders owning a total of 91,581,037 shares of Common Stock voted at the Meeting, representing approximately 85% of the shares of the Common Stock outstanding as of the record date for the Meeting.
Proposal 1 - Election of Class I Directors
Each of the nominees for Class I director was duly elected by the Company’s stockholders, with votes as follows:
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| Nominee | | For | | Withheld | | Broker Non-Votes |
| Frank A. Lodzinski | | 77,228,759 | | | 14,044,542 | | | 307,736 | |
| Ray Singleton | | 75,348,777 | | | 15,924,524 | | | 307,736 | |
| Douglas E. Swanson, Jr. | | 78,340,387 | | | 12,932,914 | | | 307,736 | |
The Company’s continuing directors after the Meeting include Robert J. Anderson, Frost Cochran, David S. Habachy, Jay F. Joliat, Phillip D. Kramer, Frank A. Lodzinski, Ray Singleton, Zachary G. Urban and Robert L. Zorich.
Proposal 2 - Approval, on an advisory basis, of the Compensation of the Company’s Named Executive Officers
The stockholders approved the proposal, as set forth below:
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| For | | Against | | Abstentions | | Broker Non-Votes |
| 90,639,810 | | | 583,005 | | | 50,485 | | | 307,736 | |
Proposal 3 - Ratification of the Selection of Moss Adams LLP as the Company's Independent Registered Public Accounting Firm for 2022
The stockholders ratified of the selection of Moss Adams LLP as the Company's independent registered public accounting firm for 2022, as set forth below:
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| For | | Against | | Abstentions |
| 91,565,368 | | | 13,473 | | | 2,196 | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | EARTHSTONE ENERGY, INC. |
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| Date: | June 9, 2022 | By: | /s/ Tony Oviedo |
| | | | Tony Oviedo |
| | | | Executive Vice President - Accounting and Administration |
