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 (Date of earliest event reported): June 8, 2023


VAALCO Energy, Inc.
(Exact name of registrant as specified in its charter)


Delaware
001-32167
76-0274813
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

9800 Richmond Avenue, Suite 700
Houston, Texas
77042
(Address of principal executive offices)
  
(Zip Code)

Registrant’s telephone number, including area code: (713) 623-0801

Not Applicable
(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:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
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:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.10
EGY
New York Stock Exchange
Common Stock, par value $0.10
EGY
London 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 5.07
Submission of Matters to a Vote of Security Holders.

On June 8, 2023, VAALCO Energy, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”). A total of 68,745,952 shares of the Company’s common stock were present in person or represented by proxy at the Annual Meeting. The matters submitted for a vote and the related results are set forth below. A more detailed description of each proposal was included in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 28, 2023.

Proposal No. 1: Election of five directors, each to serve for a one-year term.

Nominee
Votes Cast For
Votes Withheld
Broker Non-Votes
Andrew L. Fawthrop
23,281,208
22,682,098
22,782,646
George W. M. Maxwell
40,575,154
5,388,152
22,782,646
Edward LaFehr
41,257,555
4,705,751
22,782,646
Fabrice Nze-Bekale
29,050,004
16,913,302
22,782,646
Cathy Stubbs
33,884,769
12,078,537
22,782,646

Proposal No. 2: Ratification of the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.

Votes Cast For
Votes Cast Against
Votes Abstained
Broker Non-Votes
63,146,689
4,165,810
1,433,453
—

Proposal No. 3: Approval, on an advisory basis, of the compensation of the Company’s named executive officers.

Votes Cast For
Votes Cast Against
Votes Abstained
Broker Non-Votes
19,129,778
26,485,175
348,353
22,782,646

Proposal No. 4: Approval, on an advisory basis, of the frequency of future advisory votes on compensation of the Company’s named executive officers.

One Year
Two Years
Three Years
Votes Abstained
43,824,511
451,046
926,387
761,362

In accordance with these results and its previous recommendation, the Board of Directors determined that future advisory votes on named executive compensation will be held every year until the next required advisory vote on the frequency of stockholder votes on the compensation of named executive officers.

Each of the proposals acted upon by the Company’s stockholders at the Annual Meeting, other than Proposal No. 3, was approved by the requisite vote.

At the Annual Meeting, George W. M. Maxwell, the Company’s Chief Executive Officer, presented an overview of the Company’s business and historical performance. The presentation is available at www.vaalco.com under the “Presentations” section on the “Investor Relations” page.

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.
VAALCO Energy, Inc.

(Registrant)



Date: June 9, 2023

 
By:
/s/ Matthew Powers

Name:
Matthew Powers

Title:
Executive Vice President and General Counsel