8-K
ZION OIL & GAS INC (ZNOG)
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
Form8-K
CURRENTREPORT
Pursuantto Section 13 or 15(d) of
TheSecurities Exchange Act of 1934
June10, 2020
Date of Report (Date of earliest event reported)
ZionOil & Gas, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
| 001-33228 | 20-0065053 |
|---|---|
| (Commission File<br> Number) | (IRS Employer Identification<br> No.) |
12655North Central Expressway, Suite 1000, Dallas, TX 75243
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: 214-221-4610
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:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br>material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement<br>communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement<br>communications pursuant to 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
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. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common | ZN | Nasdaq Capital Market |
Item5.07. Submission of Matters to a Vote of Security Holders
On June 10, 2020, Zion Oil & Gas, Inc. (the “Company”) held its 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting") at 12655 North Central Expressway, Suite 1000, Dallas, Texas 75243 and by virtual Zoom Webinar. As of April 13, 2020, the record date for the 2020 Annual Meeting, there were 167,890,643 shares of common stock issued and outstanding. A quorum of common stockholders, present in person or by proxy, representing 122,598,340 shares of common stock was present at the 2020 Annual Meeting. The final voting results of the 2020 Annual Meeting are set forth below.
| 1. | Proposal<br>to elect Class III Directors to serve until the 2023 Annual Meeting of Stockholders. |
|---|
The Company’s common stockholders elected each of the Company’s four nominees for Class III Directors to serve a term of three years to expire at the 2023 Annual Meeting of stockholders or until their respective successors are duly elected and qualified, as set forth below:
| Name | Votes For | Votes Withheld | Broker Non-Votes |
|---|---|---|---|
| Paul Oroian | 57,100,267 | 639,363 | 61,713,467 |
| William H. Avery | 56,920,569 | 602,478 | 61,713,467 |
| Virginia Prodan | 56,591,574 | 633,834 | 61,713,467 |
| Jeffrey Moskowitz | 56,943,673 | 642,381 | 61,713,467 |
| 2. | Proposal<br>to amend the Company’s Amended and Restated Certificate of Incorporation to increase the number of shares of common stock,<br>par value $0.01 (“Common Stock”), that the Company is authorized to issue from 200 million to 400 million. | ||
| --- | --- |
The Company’s common stockholders approved to amend the Company’s Amended and Restated Certificate of Incorporation to increase the number of shares of common stock, par value $0.01 (“Common Stock”), that the Company is authorized to issue from 200 million to 400 million as set forth below:
| Votes For | Votes Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 104,344,827 | 15,582,239 | 2,196,252 | 475,022 |
| 3. | Proposal<br>to ratify the appointment of RBSM, LLP. as the Company's auditors for the year ending December 31, 2020. | ||
| --- | --- |
The Company’s common stockholders ratified the appointment of RBSM, LLP. , as the Company's auditors for the year ending December 31, 2020, as follows:
| Votes For | Votes Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 117,022,787 | 809,547 | 4,766,006 | 0 |
| 4. | Proposal<br>to approve, in a nonbinding advisory vote, the compensation of the Company’s named executive officers. | ||
| --- | --- |
The Company’s common stockholders approved, in a nonbinding and advisory vote, the compensation of its named executive officers as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 16, 2020 for the 2020 Annual Meeting Proxy Statement, as set forth below:
| Votes For | Votes Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 54,634,815 | 4,239,786 | 2,010,273 | 61,713,467 |
| 5. | Proposal<br>to approve the frequency of shareholder nonbinding advisory votes on executive compensation of the Company’s named executive<br>officers. | ||
| --- | --- |
The Company’s common stockholders approved 3 years as the frequency of shareholder nonbinding advisory votes on the compensation of its named executive officers as stated in the number of votes cast for each of 1 year, 2 years, and 3 years, as well as the number of abstentions as set forth below:
| Votes For 3 Years | Votes For 2 Years | Votes For 1 Year | Abstain |
|---|---|---|---|
| 39,878,249 | 4,776,509 | 12,936,137 | 3,293,978 |
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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 hereto duly authorized.
| Date: June 11, 2020 | |
|---|---|
| Zion Oil and Gas, Inc. | |
| By: | /s/ John<br> M. Brown |
| John M. Brown | |
| Chief Executive Officer |
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