Obsidian Energy Ltd 6-K, filed Jul 31, 2020
Obsidian Energy Ltd. (OBE)
About this 6-K
Obsidian Energy Ltd filed this 6-K on July 31, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2020
Commission File Number 1-32895
Obsidian Energy Ltd.
(Translation of registrant’s name into English)
Suite 200, 207 – 9th Avenue SW
Calgary, Alberta, Canada T2P 1K3
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ☐ Form 40-F ☑
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ☐
DOCUMENTS FILED AS PART OF THIS FORM 6-K
See the Exhibit Index hereto.
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, thereunto duly authorized, on July 31, 2020.
| OBSIDIAN ENERGY LTD. | ||
| By: | /s/ Stephen Loukas | |
| Name: | Stephen Loukas | |
| Title: | Interim President and CEO | |
2
EXHIBIT INDEX
| Exhibit |
Description | |
| 99.1 | News Release, dated July 30, 2020 | |
| 99.2 | Report of Voting Results from Annual General Meeting of Shareholders | |
Exhibit 99.1
OBSIDIAN ENERGY ANNOUNCES VOTING RESULTS FROM THE 2020 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Calgary, July 30, 2020 OBSIDIAN ENERGY LTD. (TSX – OBE, OTCQX - OBELF) (“Obsidian Energy” or the “Company”) is pleased to announce that at its annual and special meeting of shareholders held on July 30, 2020, Obsidian Energy’s shareholders approved all resolutions outlined in the Notice of 2020 Annual and Special Meeting and Management Proxy Circular dated June 15, 2020 (the “Information Circular”), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on Obsidian Energy’s website at www.obsidianenergy.com
| 1. | Appointment of Auditor |
By resolution passed by show of hands, Ernst & Young LLP, Chartered Accountants, was appointed as auditor of the Issuer for the ensuing year.
| 2. | Election of Directors |
By resolutions passed by ballot vote, the following eight nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:
| Votes For | Percent | Votes Withheld | Percent | |||||||||||||
| John Brydson |
20,492,819 | 59.27 | % | 14,085,100 | 40.73 | % | ||||||||||
| Raymond D. Crossley |
19,105,688 | 55.25 | % | 15,472,231 | 44.75 | % | ||||||||||
| Michael J. Faust |
30,814,842 | 89.12 | % | 3,763,077 | 10.88 | % | ||||||||||
| William A. Friley |
19,151,253 | 55.39 | % | 15,426,666 | 44.61 | % | ||||||||||
| Maureen Cormier Jackson |
19,097,246 | 55.23 | % | 15,480,673 | 44.77 | % | ||||||||||
| Edward H. Kernaghan |
19,661,525 | 56.86 | % | 14,916,394 | 43.14 | % | ||||||||||
| Stephen Loukas |
23,083,703 | 66.76 | % | 11,494,216 | 33.24 | % | ||||||||||
| Gordon Ritchie |
23,549,505 | 68.11 | % | 11,028,414 | 31.89 | % | ||||||||||
| 3. | Non-Binding Advisory Vote on the Corporation’s Approach to Executive Compensation |
By resolution passed by ballot vote, an advisory resolution was passed to approve the Company’s approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,630,021 | 50.99 | % | 16,947,899 | 49.01 | % | |||||||||
4. Approval of Amendment to Stock Option Plan
By resolution passed by ballot vote, a resolution was passed to approve the amendment to the stock option plan, as outlined in the Information Circular. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,493,022 | 50.59 | % | 17,084,898 | 49.41 | % | |||||||||
| 5. | Approval of Unallocated Options Pursuant to the Stock Option Plan |
By resolution passed by ballot vote, all unallocated options to acquire common shares under the stock option plan until July 30, 2023 was approved. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,618,132 | 50.95 | % | 16,959,788 | 49.05 | % | |||||||||
| 6. | Approval of Amendment to Restricted and Performance Share Unit Plan |
By resolution passed by ballot vote, a resolution was passed to approve the amendment to the restricted and performance share unit plan, as outlined in the Information Circular. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,552,474 | 50.76 | % | 17,025,446 | 49.24 | % | |||||||||
| 7. | Approval of Unallocated Units Pursuant to the Restricted and Performance Share Unit Plan |
By resolution passed by ballot vote, all unallocated options to acquire common shares under the restricted and performance share unit plan, until July 30, 2023 was approved. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,557,206 | 50.83 | % | 17,000,714 | 49.17 | % | |||||||||
OBSIDIAN ENERGY: Suite 200, 207 - 9th Avenue SW, Calgary, Alberta T2P 1K3, Phone: 403-777-2500, Fax: 403-777-2699, Toll Free: 1-866-693-2707, Website: www.obsidianenergy.com; Investor Relations: Toll Free: 1-888-770-2633, E-mail: investor_relations@obsidianenergy.com
Exhibit 99.2
Annual and Special Meeting of Shareholders of
Obsidian Energy Ltd. (the “Issuer”)
July 30, 2020
REPORT OF VOTING RESULTS
The following matters were voted upon at the Annual and Special Meeting of shareholders (“Shareholders”) of the Issuer held on July 30, 2020 in Calgary, Alberta. Each matter voted upon is described in greater detail in the Notice of 2020 and Special Meeting and Management Proxy Circular dated June 15, 2020 (the “Information Circular”), which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov, and on the Issuer’s website.
| 1. | Appointment of Auditor |
By resolution passed by show of hands, Ernst & Young LLP, Chartered Accountants, was appointed as auditor of the Issuer for the ensuing year.
| 2. | Election of Directors |
By resolutions passed by ballot vote, the following eight nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:
| Votes For | Percent | Votes Withheld | Percent | |||||||||||||
| John Brydson |
20,492,819 | 59.27 | % | 14,085,100 | 40.73 | % | ||||||||||
| Raymond D. Crossley |
19,105,688 | 55.25 | % | 15,472,231 | 44.75 | % | ||||||||||
| Michael J. Faust |
30,814,842 | 89.12 | % | 3,763,077 | 10.88 | % | ||||||||||
| William A. Friley |
19,151,253 | 55.39 | % | 15,426,666 | 44.61 | % | ||||||||||
| Maureen Cormier Jackson |
19,097,246 | 55.23 | % | 15,480,673 | 44.77 | % | ||||||||||
| Edward H. Kernaghan |
19,661,525 | 56.86 | % | 14,916,394 | 43.14 | % | ||||||||||
| Stephen Loukas |
23,083,703 | 66.76 | % | 11,494,216 | 33.24 | % | ||||||||||
| Gordon Ritchie |
23,549,505 | 68.11 | % | 11,028,414 | 31.89 | % | ||||||||||
| 3. | Non-Binding Advisory Vote on the Corporation’s Approach to Executive Compensation |
By resolution passed by ballot vote, an advisory resolution was passed to approve the Company’s approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,630,021 | 50.99 | % | 16,947,899 | 49.01 | % | |||||||||
| 4. | Approval of Amendment to Stock Option Plan |
By resolution passed by ballot vote, a resolution was passed to approve the amendment to the stock option plan, as outlined in the Information Circular. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,493,022 | 50.59 | % | 17,084,898 | 49.41 | % | |||||||||
| 5. | Approval of Unallocated Options Pursuant to the Stock Option Plan |
By resolution passed by ballot vote, all unallocated options to acquire common shares under the stock option plan until July 30, 2023 was approved. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,618,132 | 50.95 | % | 16,959,788 | 49.05 | % | |||||||||
| 6. | Approval of Amendment to Restricted and Performance Share Unit Plan |
By resolution passed by ballot vote, a resolution was passed to approve the amendment to the restricted and performance share unit plan, as outlined in the Information Circular. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,552,474 | 50.76 | % | 17,025,446 | 49.24 | % | |||||||||
| 7. | Approval of Unallocated Units Pursuant to the Restricted and Performance Share Unit Plan |
By resolution passed by ballot vote, all unallocated options to acquire common shares under the restricted and performance share unit plan, until July 30, 2023 was approved. The results of the ballot were as follows:
| Votes For |
Percent |
Votes Against |
Percent |
|||||||||||
| 17,557,206 | 50.83 | % | 17,000,714 | 49.17 | % | |||||||||