secwatch.observer — SEC 8-K summary
======================================

Issuer:     W&T OFFSHORE INC (WTI)
CIK:        0001288403
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001104659-23-072518
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

W&T Offshore shareholders OK doubling authorized shares to 400M, adopt new incentive plan
--------------------------------------------------------------------------------

- Shareholders approved increase in authorized common shares from 200M to 400M.
- Supermajority voting eliminated; fundamental actions now require simple majority approval.
- 2023 Incentive Compensation Plan adopted, authorizing 10M shares for future awards.
- Shareholders gained rights to amend bylaws, call special meetings with 25% threshold, and act by written consent.
- All five director nominees elected; non-binding say-on-pay approved with 72M for, 30.5M against.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923072518/0001104659-23-072518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288403/000110465923072518/tm2318531d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072518

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer