Chesapeake Energy (CHK)

Item 4. Submission of Matters to a Vote of Security Holders

Three matters were submitted to a vote of the shareholders at Chesapeake’s annual meeting of shareholders held on June 8, 2007: 1) the election of directors for three year terms expiring in 2010; 2) approval of an amendment to the company’s Long Term Incentive Plan covering awards of stock-based compensation to its employees, consultants and non-employee directors and 3) approval of an amendment to the company’s 2003 Stock Award Plan for Non-Employee Directors covering awards of common stock to new non-employee directors upon their appointment to the company’s Board of Directors.

In the election of directors, Frank Keating received 353,093,786 votes for election and 51,653,249 votes were withheld from voting for Governor Keating; Frederick B. Whittemore received 356,978,547 votes for election and 47,768,488 votes were withheld from voting for Mr. Whittemore; and Merrill A. Miller, Jr. received 399,100,772 votes for election and 5,646,263 votes were withheld from voting for Mr. Miller. There were no broker non-votes for the election of directors. The other directors whose terms continue after the meeting are Don Nickles and Aubrey K. McClendon, whose terms expire in 2008, and Breene M. Kerr, Charles T. Maxwell and Richard K. Davidson, whose terms expire in 2009.

On the proposal to approve an amendment of the Long Term Incentive Plan, 250,101,063 votes were received for approval of the amendment, 45,064,204 votes were received against approval of the amendment and holders of 3,010,644 shares abstained from voting on this proposal. There were 106,571,122 broker non-votes on this proposal.

47

Table of Contents

On the proposal to approve an amendment of the 2003 Stock Award Plan for Non-Employee Directors, 264,690,650 votes were received for approval of the amendment, 30,441,352 votes were received against approval of the amendment and holders of 3,068,985 shares abstained from voting on this proposal. There were 106,546,046 broker non-votes on this proposal.

Item 4. Submission of Matters to a Vote of Security Holders

Three matters were submitted to a vote of the shareholders at Chesapeake’s annual meeting of shareholders held on June 9, 2006: (1) the election of three directors for three-year terms expiring in 2009; (2) approval of an amendment to the company’s certificate of incorporation to increase the number of authorized shares of common stock; and (3) approval of an amendment to the company’s Long Term Incentive Plan covering awards of stock-based compensation to its employees, consultants and non-employee directors, including an increase in the number of shares of common stock available for awards under the plan.

In the election of directors, Richard K. Davidson received 334,940,573 votes for election and 6,753,390 votes were withheld from voting for Mr. Davidson; Breene M. Kerr received 329,613,449 votes for election and 12,080,515 votes were withheld from voting for Mr. Kerr; and Charles T. Maxwell received 332,857,393 votes for election and 8,836,571 votes were withheld from voting for Mr. Maxwell. There were no broker non-votes for the election of directors. The other directors whose terms continue after the meeting are Frank A. Keating and Frederick B. Whittemore, whose terms expire in 2007, and Donald L. Nickles and Aubrey K. McClendon, whose terms expire in 2008.

On the proposal to approve the amendment to the certificate of incorporation, 328,171,206 votes were received for approval of the amendment, 9,383,151 votes were received against approval of the amendment and holders of 2,571,851 shares abstained from voting on this proposal. There were 1,567,755 broker non-votes on this proposal.

On the proposal to approve an amendment of the Long Term Incentive Plan, 196,419,509 votes were received for approval of the amendment, 12,624,510 votes were received against approval of the amendment and holders of 2,724,542 shares abstained from voting on this proposal. There were 129,925,402 broker non-votes on this proposal.

I tem 5. Other Information

Not applicable.

50

Table of Contents