Battalion Oil Corporation

21/11/2024 | Press release | Distributed by Public on 21/11/2024 22:16

Proxy Results Form 8 K

Item 5.07

Submission of Matters to a Vote of Security Holders.

Battalion Oil Corporation (the "Company") held its Annual Meeting of Stockholders on November 21, 2024, (the "2024 Annual Meeting"), at which the Company's stockholders voted on three proposals.

The first proposal was to elect six nominees to serve as directors of the Company until the next annual meeting of stockholders, and until their successors are elected and qualified or until their earlier resignation, removal from office, death or incapacity.

The election of each of the six directors was approved as follows:

Proposal 1 -

Nominees for Directors

Votes For

Withheld

Jonathan D. Barrett

14,057,241

​

362,186

​

David Chang

14,060,306

​

359,121

​

Gregory S. Hinds

14,069,967

​

349,460

​

Ajay Jegadeesan

14,067,399

​

352,028

​

William D. Rogers

13,749,062

​

670,365

​

Matthew B. Steele

​

14,071,496

​

347,931

​

The second proposal was the approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers. The compensation of the Company's named executive officers was approved as follows:

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​

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Proposal 2

Votes For

Votes Against

Abstentions

Advisory vote on executive compensation

13,916,239

​

312,832

​

190,356

The third proposal was a non-binding advisory vote on the stockholders' preference as to how frequently the Company should seek future advisory votes on the compensation of the Company's named executive officers. The frequency on which the Company should seek future advisory votes on the compensation of the Company's named executive officers was approved as follows:

Proposal 3

1 Year

2 Years

3 Years

Abstentions

Frequency of advisory vote on executive compensation

11,375,124

​

101,571

​

2,923,433

​

19,299

Based upon the results of the stockholder vote on Proposal 3, the Company intends to submit to its stockholders a non-binding advisory vote on executive compensation at its annual meeting every year until the next advisory vote on the frequency of stockholder voting on executive compensation.

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