AI English summary of an SEC filing — figures as filed
Diamondback Energy FANGThe company said stockholders at the special meeting held on April 26, 2024 cast 148,982,468 votes for, 197,120 against and 103,375 abstaining on the proposal to approve the issuance of 117,267,069 shares of common stock to comply with Nasdaq Listing Rule 5635.
Key points
AI summaryThe company said stockholders at the special meeting held on April 26, 2024 cast 148,982,468 votes for, 197,120 against and 103,375 abstaining on the proposal to approve the issuance of 117,267,069 shares of common stock to comply with Nasdaq Listing Rule 5635.
The company said the proposal to increase the authorized common stock from 400 million shares to 800 million shares received 155,286,430 votes for, 6,332,915 against and 156,117 abstaining.
The company said holders of 161,775,462 of the 178,339,978 shares of common stock entitled to vote as of the record date of March 22, 2024, or approximately 90.7%, attended the meeting in person or by proxy, which constituted a quorum.
The company said on April 29, 2024 it and Endeavor each received a Second Request from the FTC, which extends the HSR Act waiting period until 30 days after both parties substantially comply with the request. The company also said it expects the transaction to close in Q4 2024.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Stock issuance proposal results
The company said stockholders at the special meeting held on April 26, 2024 cast 148,982,468 votes for, 197,120 against and 103,375 abstaining on the proposal to approve the issuance of 117,267,069 shares of common stock to comply with Nasdaq Listing Rule 5635.
Source · Based on the filing body and exhibits
Charter amendment to increase authorized shares
The company said the proposal to increase the authorized common stock from 400 million shares to 800 million shares received 155,286,430 votes for, 6,332,915 against and 156,117 abstaining.
Source · Based on the filing body and exhibits
Voting turnout and quorum
The company said holders of 161,775,462 of the 178,339,978 shares of common stock entitled to vote as of the record date of March 22, 2024, or approximately 90.7%, attended the meeting in person or by proxy, which constituted a quorum.
Source · Based on the filing body and exhibits
FTC second request and closing timing
The company said on April 29, 2024 it and Endeavor each received a Second Request from the FTC, which extends the HSR Act waiting period until 30 days after both parties substantially comply with the request. The company also said it expects the transaction to close in Q4 2024.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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