other material
confidence high
sentiment neutral
materiality 0.15
Stockholders approve issuance of up to 7.47M Class B shares to Tall Oak Midstream
Summit Midstream Corp
- Over 8.15M shares voted FOR the Issuance Proposal; 5,209 against, 12,457 abstain.
- Authorized up to 7,471,008 shares of Class B common stock and equal number of common units.
- Proposal supports the Business Contribution Agreement with Tall Oak Midstream Holdings, LLC.
- Special meeting quorum of 76.7% with 8,172,057 shares represented.
- Adjournment Proposal also approved with ~8.02M votes FOR.