Gastar Exploration 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 4, 2010 (June 3, 2010)
GASTAR EXPLORATION LTD.
(Exact Name of Registrant as Specified in its Charter)
1331 LAMAR STREET, SUITE 1080
HOUSTON, TEXAS 77010
(Address of principal executive offices)
(Registrants 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):
SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT
The information set forth in Item 5.07 of this Current Report is incorporated by reference herein and so disclosed in this Item 5.03.
On June 3, 2010, Gastar Exploration Ltd. (the Company) held its 2010 Annual General and Special Meeting of Shareholders (the Annual Meeting). As of April 14, 2010, the record date for the Annual Meeting, 50,407,642 shares were issued and outstanding and entitled to vote at the Annual Meeting. A summary of the matters voted upon by the shareholders and the final voting results for each such matter are set forth below.
Proposal 1 Fixing the Number of Directors at Six (6)
The Companys shareholders voted to fix the number of members of the Board of Directors (Board) at six (6) members. The voting results were as follows:
Proposal 2 Election of Directors to the Board
The Companys shareholders voted to elect the following persons as directors to serve for terms of one year until the next annual meeting and until their successors have been elected and qualified. The voting results were as follows:
Proposal 3 Ratification of Amended Bylaws
The Companys shareholders voted to approve a proposal to ratify, by ordinary resolution, an amendment to the bylaws to require (i) that the positions of chief executive officer and chairman of the Board be held by different individuals and (ii) to prohibit any one person from holding both positions concurrently. The foregoing description of the amended bylaws is qualified in its entirety by reference to the full text of such amended bylaws, a copy of which is filed as Exhibit 3.1 to this Current Report and is incorporated herein by reference.
The voting results were as follows:
Proposal 4 Ratification of the Appointment of Independent Registered Public Accounting Firm
The Companys shareholders voted to approve a proposal to ratify the appointment of BDO Seidman, LLP as the Companys independent registered public accounting firm for the year ending December 31, 2010. The voting results were as follows:
For additional information on these proposals, please see the Companys definitive proxy statement filed with the Securities and Exchange Commission on April 26, 2010.
SECTION 7 FINANCIAL STATEMENTS AND EXHIBITS
The following is a list of exhibits filed or furnished as part of this Current Report.
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.