Epsilon Announces 2024 AGM Results

Rhea-AI Summary

Epsilon Energy (NASDAQ: EPSN) held its annual general meeting (AGM) on May 15, 2024. During the AGM, shareholders elected all six director nominees proposed by management. Key voting results included the re-appointment of BDO USA, LLP as auditors for 2024 and approval of the 2023 executive compensation. The elected directors and their voting percentages were: John Lovoi (95.48%), Jason Stankowski (99.69%), David Winn (99.66%), Tracy Stephens (95.18%), Jason Stabell (99.14%), and Nicola Maddox (96.26%).

Positive

• All director nominees were successfully elected, indicating strong shareholder support.
• The re-appointment of BDO USA, LLP as auditors ensures continuity in financial oversight.
• High approval rates for individual directors: Jason Stankowski (99.69%) and David Winn (99.66%).
• Shareholders voted in favor of the 2023 executive compensation, reflecting satisfaction with company leadership.

Negative

• No significant financial or strategic updates provided, limiting insights into future company performance.

HOUSTON, May 16, 2024 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) is pleased to announce that all the nominees listed in its Proxy Statement, Schedule 14A dated on April 11, 2024 were elected as directors of Epsilon, until the next annual meeting of shareholders. The detailed results of the vote at the annual shareholders meeting held on Wednesday, May 15, 2024 are set out below.

At the meeting, the number of directors was set at six and each of the following six nominees proposed by management was elected as a director of Epsilon.

	Nominee	% For	% Abstain
	John Lovoi	95.48%	4.52%
	Jason Stankowski	99.69%	0.31%
	David Winn	99.66%	0.34%
	Tracy Stephens	95.18%	4.82%
	Jason Stabell	99.14%	0.86%
	Nicola Maddox	96.26%	3.74%

The Company’s shareholders approved the re-appointment of BDO USA, LLP as auditors for the year ending December 31, 2024, and voted in favor of the compensation paid to the Company’s named executive officers during 2023 through a non-binding advisory vote.

About Epsilon

Epsilon Energy Ltd. is a North American onshore natural gas and oil production and gathering company with assets in Pennsylvania, Texas, New Mexico, and Oklahoma.

For more information, please visit www.epsilonenergyltd.com, where we routinely post announcements, updates, events, investor information, presentations, and recent news releases.

Contact Information:
281-670-0002

Jason Stabell
Chief Executive Officer
Jason.Stabell@EpsilonEnergyLTD.com

Andrew Williamson
Chief Financial Officer
Andrew.Williamson@EpsilonEnergyLTD.com

 

FAQ

What were the results of Epsilon's 2024 AGM?

All six director nominees were elected, BDO USA, LLP was re-appointed as auditors, and the 2023 executive compensation was approved.

Who were the elected directors at Epsilon’s 2024 AGM?

The elected directors were John Lovoi, Jason Stankowski, David Winn, Tracy Stephens, Jason Stabell, and Nicola Maddox.

What percentage of votes did Jason Stankowski receive at Epsilon's AGM?

Jason Stankowski received 99.69% of the votes.

Did Epsilon shareholders approve the 2023 executive compensation?

Yes, the shareholders voted in favor of the 2023 executive compensation.

Who will be Epsilon's auditors for 2024?

BDO USA, LLP was re-appointed as auditors for 2024.