Vital Energy doubles authorized common stock to 80M shares, to convert all Series A Preferred into common on Nov 29

Vital Energy, Inc.

Stockholders approved amendment increasing authorized common shares from 40M to 80M, effective Nov 21, 2023.
Company will mandatorily convert all 6.13M outstanding Series A Preferred shares into common stock at 1:1 ratio on Nov 29, 2023.
Conversion proposal also approved to allow issuance of common upon conversion, complying with NYSE rules.
Over 74% of outstanding shares voted; charter and conversion proposals passed with overwhelming support.

item 5.03 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Vital Energy, Inc.: Increased authorized shares of common stock from 40,000,000 to 80,000,000 (effective 2023-11-21).

Change: charter amendment
Effective: 2023-11-21

Exact text from the filing

The Amendment became effective upon the filing of a Certificate of Amendment to the Certificate of Incorporation (the "Certificate of Amendment") with the Secretary of State of the State of Delaware on November 21, 2023.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Vital Energy, Inc. shareholders approved Approve issuance of shares upon conversion of Preferred Stock (Conversion Proposal).

Outcome: passed

Exact text from the filing

The Conversion Proposal was approved. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON-VOTES 12,140,656 224,613 370,764 4,094,901

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Vital Energy, Inc. shareholders approved Approve the Amendment to the Certificate of Incorporation (Charter Proposal).

Proposal: charter amendment
Outcome: passed

Exact text from the filing

The Charter Proposal was approved. The voting results were as follows: VOTES FOR VOTES AGAINST VOTES ABSTAINED BROKER NON-VOTES 15,824,963 993,439 12,532 —

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001528129-23-000204

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.