---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-040157"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:38:29.113145+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Genie Energy redeems all Series 2012-A Preferred Stock; annual meeting results disclosed

## Summary
- All 748,064 outstanding preferred shares redeemed June 16, 2023 at $8.50/share plus accrued dividends; aggregate ~$6.4M.
- After redemption, no preferred stock outstanding and GNEPRA symbol will delist from NYSE.
- Company cites strong financial position: over $105M cash, $142M working capital, no debt as of March 31, 2023.
- Annual meeting: all director nominees elected (e.g., Jonas 98.46%); stock plan amendment approved (91.65%).
- CEO says retiring expensive preferred instrument benefits common shareholders.

## SEC filing metadata
- accession: 0001213900-23-040157
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.07, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390023040157/0001213900-23-040157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390023040157/ea178657-8k_genieenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-040157
- JSON: https://secwatch.observer/filing/0001213900-23-040157.json
- Plain text: https://secwatch.observer/filing/0001213900-23-040157.txt

## Key facts
- Shareholder Votes
  Genie Energy Ltd. shareholders approved Approval of an amendment to the 2021 Stock Option and Incentive Plan that, among other things, increased the number of shares of the Company’s Class B common stock available for the grant of awards thereunder by 500,000. at the 2023-05-10 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: A majority of the votes present or represented at the Meeting by the holders of shares entitled to vote on the following matter were voted in connection with the approval of an amendment to the 2021 Stock Option and Incentive Plan that, among other things, increased the number of shares of the Company’s Class B common stock available for the grant of awards thereunder by 500,000. The number of votes cast with respect to this matter was as follows: Votes For Votes Against Broker Non-Vote % Votes For 5,927,395 543,372 0 91.65
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390023040157/0001213900-23-040157-index.htm
- Shareholder Votes
  Genie Energy Ltd. shareholders approved Election of each of the Board of Directors nominees named in the Proxy Statement of the Company. at the 2023-05-10 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-10
  source text: Stockholders voted on the matters set forth below. (b) (1) A majority of the votes present or represented at the Meeting by the holders of shares entitled to vote on the following matter were voted in connection with the election of each of the Board of Directors nominees named in the Proxy Statement of the Company. The nominees for election to the Board of Directors were elected, each for a one-year term, based upon the following votes: Nominee Votes For Votes Against Abstentions Broker Non-Vote % Votes For Howard S. Jonas 6,336,396 99,193 35,718 0 98.46 Joyce Mason 6,420,454 15,098 35,215 0 99.77 W. Wesley Perry 5,966,879 466,802 37,086 0 92.74 Alan B. Rosenthal 5,983,416 450,278 37,073 0 93.00 Allan Sass 6,154,073 279,609 37,085 0 95.65
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390023040157/0001213900-23-040157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.