Gerald O’Shaughnessy Comments on Preliminary Voting Results from GeoPark Annual Meeting
Gerald O'Shaughnessy, co-founder and second-largest shareholder of GeoPark Limited (GPRK), addressed the 2021 Annual General Meeting's preliminary voting results. He noted that approximately 37% of unaffiliated shareholders opposed the election of the four targeted director nominees. O'Shaughnessy emphasized that this indicates a desire for change and plans to advocate for shareholder value maximization, aiming to unlock the company's full potential.
- 37% of unaffiliated shareholders expressed opposition to the current director nominees, indicating a desire for potential changes in leadership.
- The significant opposition from shareholders may reflect dissatisfaction with the company's current governance and performance.
Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK) today issued the following statement regarding the preliminary voting results from the 2021 GeoPark Annual General Meeting (“the Meeting”) held today:
“With today’s vote, we believe that shareholders have sent a clear message that the status quo should not continue at GeoPark. Based on information available to us, approximately 37 percent of unaffiliated shareholders (shareholders who are not officers or directors of GeoPark) who voted opposed the election of the four Company director nominees we had targeted. I plan to continue to act as an advocate for shareholders so that value is maximized for all shareholders and GeoPark can reach its full potential.”
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