Epsilon Announces AGM Results

Rhea-AI Summary

Epsilon Energy Ltd. (NASDAQ: EPSN) announced the election of all nominees listed in its Proxy Statement dated May 14, 2021, as directors at the annual meeting held on June 16, 2021. The number of directors was set at eight, and BDO USA, LLP was appointed as the company's auditor. Notable election results include a high approval rate for directors, with Michael Raleigh receiving 98.06% support. Epsilon remains focused on onshore natural gas production, primarily in the Marcellus Shale of Pennsylvania.

Positive

• All eight nominated directors were elected, indicating shareholder support.
• Michael Raleigh received 98.06% approval, reflecting strong confidence from shareholders.
• Appointment of BDO USA, LLP as auditor may enhance credibility and trust.

Negative

• None.

HOUSTON, June 16, 2021 (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 May 14, 2021 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, June 16, 2021 are set out below.

At the meeting, the number of directors was set at eight, and BDO USA, LLP was appointed as auditor. Each of the following eight nominees proposed by management was elected as a director of Epsilon.

Nominee	% For		% Withheld
John Lovoi	91.55%		8.45%
Matthew Dougherty	92.02%		7.98%
Stephen Finlayson	96.71%		3.29%
Michael Raleigh	98.06%		1.94%
Jacob Roorda	98.06%		1.94%
Jason Stankowski	99.99%		0.01%
Tracy Stephens	98.64%		1.36%
David Winn	99.99%		0.01%

About Epsilon

Epsilon Energy Ltd. is a North American onshore natural gas production and midstream company with a current focus on the Marcellus Shale of Pennsylvania.

Contact Information:
281-670-0002
Michael Raleigh
Chief Executive Officer
Michael.Raleigh@EpsilonEnergyLTD.com

Special note for news distribution in the United States
The securities described in the news release have not been registered under the United Stated Securities Act of 1933, as amended, (the “1933 Act”) or state securities laws. Any holder of these securities, by purchasing such securities, agrees for the benefit of Epsilon Energy Ltd. (the “Corporation”) that such securities may not be offered, sold, or otherwise transferred only (A) to the Corporation or its affiliates; (B) outside the United States in accordance with applicable state laws and either (1) Rule 144(as) under the 1933 Act or (2) Rule 144 under the 1933 Act, if applicable. 

FAQ

What was the outcome of Epsilon Energy's annual meeting on June 16, 2021?

At the annual meeting, all nominees listed in the Proxy Statement were elected as directors.

Who were the directors elected during the Epsilon Energy shareholders meeting?

The eight elected directors include John Lovoi, Matthew Dougherty, Stephen Finlayson, Michael Raleigh, Jacob Roorda, Jason Stankowski, Tracy Stephens, and David Winn.

What percentage of votes did Michael Raleigh receive during the director election?

Michael Raleigh received 98.06% of the votes in his favor.

Who was appointed as auditor for Epsilon Energy?

BDO USA, LLP was appointed as the auditor for Epsilon Energy.

What is Epsilon Energy's focus in terms of production?

Epsilon Energy focuses on onshore natural gas production, particularly in the Marcellus Shale of Pennsylvania.