UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
U.S. ENERGY CORP.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s
telephone number, including area code:
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 communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications 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 exchange on which registered | ||
(Nasdaq Capital Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§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.
On June 21, 2023, U.S. Energy Corp. (“we”, “us” or the “Company”) held its 2023 Annual Meeting of Stockholders (the “Meeting”). The following three proposals were voted on at the Meeting (as described in greater detail in the Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on April 26, 2023 (the “Proxy Statement”)), with the results of such voting as set forth below. Capitalized terms have the meanings given to such terms in the Proxy Statement and this Form 8-K should be read in connection with the Proxy Statement.
Proposal 1
Each of the three (3) Class One director nominees listed below were duly appointed to the Board of Directors by a plurality of the votes cast (there was no solicitation in opposition to management’s nominees as listed in the proxy statement), each to serve a term of three years and until their respective successors have been elected and qualified:
| Votes For | Votes Withheld | Broker Non-Votes | ||||||||||
| John A. Weinzierl | 14,348,649 | 193,136 | 4,791,815 | |||||||||
| Randall D. Keys | 13,893,173 | 648,612 | 4,791,815 | |||||||||
| D. Stephen Slack | 13,752,062 | 789,723 | 4,791,815 | |||||||||
Proposal 2
A management proposal to ratify the appointment of Plante & Moran PLLC as the Company’s independent auditor for the fiscal year ended December 31, 2023 was approved.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||
| 18,613,511 | 675,667 | 44,422 | — | ||||||||||
Notwithstanding the approval of Proposal 2 as discussed above, as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 16, 2023, on June 15, 2023, the Audit Committee of the Board of Directors of the Company approved the dismissal of Plante & Moran, PLLC (“Plante & Moran”) as the Company’s independent registered public accounting firm, effective immediately and approved the appointment of Weaver and Tidwell, L.L.P. (“Weaver and Tidwell”) as the Company’s new independent registered public accounting firm for the year ended December 31, 2023, effective on the same date. The approval of Proposal 2 at the Meeting has no effect on the appointment of Weaver and Tidwell, or the prior dismissal of Plante & Moran, and the Audit Committee has determined that Weaver and Tidwell will serve as the Company’s independent registered public accounting firm for the year ended December 31, 2023.
Proposal 3
A management proposal relating to an advisory vote to approve named executive officer compensation was approved.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||||||||
| 13,717,303 | 670,546 | 153,936 | 4,791,815 | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| U.S. ENERGY CORP. | ||
| By: | /s/ Ryan Smith | |
| Ryan Smith | ||
| Chief Executive Officer | ||
| Dated: | June 23, 2023 | |