Each one in plain English, with the numbers worked through for a shareholder.
15 Nov 2016director interest notice● Neutral
Chairman Robert S Herlin disposed of 650 shares of Series A preferred stock when the company redeemed all of the class on 14 November 2016. The redemption price was $25.082639 per share including accrued dividends.
The NYSE MKT delisted Evolution's 8.5% Series A cumulative preferred stock after the entire class was called for redemption on 14 November 2016 and holders were paid in full. The common stock was unaffected; only the redeemed preferred stopped trading.
Evolution furnished an 8-K with a press release dated 7 November 2016 reporting results for the quarter ended 30 September 2016, its first quarter of fiscal 2017.
River Road Asset Management, LLC reported a EVOLUTION PETROLEUM CORP shareholding of 1,292,648 shares (3.90% of votes) in a periodic institutional filing.
Evolution filed its proxy statement for the 8 December 2016 annual meeting. Holders were asked to elect five directors, adopt a 2016 Equity Incentive Plan, ratify Hein & Associates as auditor and hold an advisory vote on executive pay.
5 Oct 2016security holder rights change▲ GoodMajor
Evolution Petroleum announced it would redeem all of its 8.5% Series A Cumulative Preferred Stock on November 14, 2016 at about $25.08 per share. The roughly $8 million total was to be paid from cash on hand.
Evolution Petroleum settled all outstanding disputes with Denbury over the Delhi Field, including the 2013 spill and reversion-timing disagreements -- Denbury will pay Evolution $27.5 million cash plus additional interests, resolving years of friction between the two companies.
Evolution Petroleum replaced its Texas Capital Bank credit line with a new three-year, $50 million reserve-based facility from MidFirst Bank, secured by its oil and gas properties.
Advisory Research Inc., Piper Jaffray Companies reported a EVOLUTION PETROLEUM CORP shareholding of 3,499,848 shares (10.60% of votes) in a periodic institutional filing.
Executive Chairman Robert Herlin gave up 12,538 restricted and 6,269 contingent performance-based shares at the company's request. In exchange he received 10,030 service-based restricted shares vesting in August 2016, 2017 and 2018.