SANDRIDGE ENERGY INC false 0001349436 0001349436 2024-06-12 2024-06-12

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 12, 2024

 

 

SANDRIDGE ENERGY, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   1-33784   20-8084793
(State or Other Jurisdiction of
Incorporation or Organization)		  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

1 E. Sheridan Ave., Suite 500
Oklahoma City, OK 73104
(Address of Principal Executive Offices)

(405) 429-5500

Registrant’s Telephone Number, Including Area Code

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 (see General Instruction A.2. below):

 

  ☐

Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐

Pre-commencement communication 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, $0.001 par value   SD   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 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §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.

SandRidge Energy, Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”) in Oklahoma City, Oklahoma on June 12, 2024. As of the record date of April 24, 2024, the Company had 37,125,450 shares of common stock outstanding. A total of 28,825,464 shares (77.64%) were present at the 2024 Annual Meeting by proxy or in person.

The following matters, detailed descriptions of which are contained in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on May 6, 2024, as amended on May 10, 2024 (the “2024 Proxy Statement”), were voted on at the 2024 Annual Meeting:

 

  (1)

Election of five directors to serve on the Company’s Board of Directors (the “Board”) until the 2025 Annual Meeting of Stockholders;

 

  (2)

Ratification of the selection of Grant Thornton LLP (“Grant Thornton”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024;

 

  (3)

Non-binding advisory vote to approve the compensation paid the Company’s named executive officers during 2023; and

 

  (4)

Approval of an extension to the Tax Benefits Preservation Plan (the “Tax Benefits Preservation Plan”).

The Company’s stockholders approved proposals (1), (2), (3), and (4).

Proposal 1 – Election of Directors

 

Directors

    Votes For      Votes Against      Abstentions      Broker Non-Votes  

Jaffrey A. Firestone

      21,934,856        310,560        84,341        6,495,707  

Jonathan Frates

      19,671,959        2,573,817        83,981        6,495,707  

John Lipinski

      21,097,193        1,147,684        84,880        6,495,707  

Randolph C. Read

      21,104,524        1,140,128        85,105        6,495,707  

Nancy Dunlap

      16,954,651        5,309,602        65,504        6,495,707  

Proposal 2 – Ratification of Selection of Grant Thornton

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

28,460,908   292,039   72,517   0

Proposal 3 – Advisory Vote to Approve Named Executive Officer Compensation

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

21,199,531   1,043,465   86,761   6,495,707

Proposal 4 – Approval of an Extension to the Tax Benefits Preservation Plan

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

19,324,793   2,936,893   68,071   6,495,707

 

Item 9.01.

Financial Statements and Exhibits.

d) Exhibits.

 

Exhibit
No.

   

Description

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

    SandRidge Energy, Inc.
Dated: June 13, 2024     By:  

/s/ Brandon Brown

    Name:   Brandon Brown
    Title:   Senior Vice President and Chief Financial Officer
v3.24.1.1.u2
Document and Entity Information
Jun. 12, 2024
Cover [Abstract]  
Entity Registrant Name SANDRIDGE ENERGY INC
Amendment Flag false
Entity Central Index Key 0001349436
Document Type 8-K
Document Period End Date Jun. 12, 2024
Entity Incorporation State Country Code DE
Entity File Number 1-33784
Entity Tax Identification Number 20-8084793
Entity Address, Address Line One 1 E. Sheridan Ave.
Entity Address, Address Line Two Suite 500
Entity Address, City or Town Oklahoma City
Entity Address, State or Province OK
Entity Address, Postal Zip Code 73104
City Area Code (405)
Local Phone Number 429-5500
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, $0.001 par value
Trading Symbol SD
Security Exchange Name NYSE
Entity Emerging Growth Company false
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