Halcón Resources Announces 2015 Annual Meeting Results


Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced that the stockholders approved each of the proposals voted on at its annual meeting held on May 6, 2015.

Declassification of Board of Directors and Election of Directors

The stockholders approved an amendment to Halcón’s amended and restated certificate of incorporation (the “Certificate of Incorporation”), which declassifies the Company’s Board of Directors and provides for an annual election of directors. In addition, the following nominees were elected to serve as directors until the annual meeting of stockholders in 2016:

  • Tucker S. Bridwell
  • Kevin E. Godwin
  • Mark A. Welsh IV

Amendment of the Amended and Restated Certificate of Incorporation

The stockholders approved an amendment to Halcón’s Certificate of Incorporation to effect, at the discretion of its Board of Directors, a one-for-five (1:5) reverse stock split of its common stock.

Amendment to First Amended and Restated 2012 Long-Term Incentive Plan

The stockholders approved an amendment to the Company’s 2012 Long-Term Incentive Plan (the “Plan”) to increase the number of shares of Halcón common stock that may be issued under the Plan by 40,000,000 shares, subject to adjustment in accordance with the terms of the Plan upon approval and implementation of the aforementioned one-for-five (1:5) reverse stock split by the Company’s Board of Directors.

Issuance of Additional Shares of Common Stock to HALRES LLC

The stockholders approved the issuance of additional shares of Halcón’s common stock to HALRES LLC upon conversion of the Company’s 8.0% senior convertible note and exercise of the warrants in connection with an amendment to, among other things, extend the maturity of the 8.0% senior convertible note and the warrants.

Ratification of Appointment of Deloitte & Touche LLP as Independent Public Accountants

The stockholders ratified the appointment of Deloitte & Touche LLP as Halcón’s independent registered public accounting firm for the fiscal year ending December 31, 2015.

About Halcón Resources

Halcón Resources Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.

Scott M. Zuehlke VP, Investor Relations Halcón Resources (832) 538-0314

Source:Halcon Resources