Past year: ▲ 47%(3.58 – 6.57 USD)
Each one in plain English, with the numbers worked through for a shareholder.
12 May 2016director officer appointment● NeutralMajor
CFO Don McCormack notified VAALCO on May 6, 2016 that he was resigning effective June 2, 2016; the company said his resignation was not related to financial disclosures, accounting or legal matters.
10 May 2016quarterly activities report▼ Bad
VAALCO's 10-Q for the quarter ended March 31, 2016 showed a net loss of $8.1 million, or $0.14 per share, compared with a $39.0 million loss in the first quarter of 2015.
6 May 2016quarterly activities report▼ Bad
VAALCO reported a first quarter 2016 net loss of $8.1 million, or $0.14 per diluted share, versus a $39.0 million loss a year earlier, as lower oil prices cut revenue to $11.0 million.
2 May 2016substantial holder notice● Neutral
LONE STAR VALUE INVESTORS, LP, LONE STAR VALUE INVESTORS GP, LLC, LONE STAR VALUE MANAGEMENT, LLC, JEFFREY E. EBERWEIN disclosed a new substantial VAALCO shareholding of 3,750,000 shares (6.40% of votes).
26 Apr 2016other material event▲ Good
On April 20, 2016 the Delaware Court of Chancery approved dismissal of the shareholder class action. Plaintiffs had earlier won a ruling that the charter and bylaw provisions on director removal were invalid, and the company's insurer agreed to pay $775,000 in plaintiffs' fees.
22 Apr 2016agm notice● Neutral
VAALCO filed its proxy statement for the June 2, 2016 annual meeting. Holders were asked to elect six directors, ratify Deloitte & Touche as auditor and give an advisory vote on executive pay.
22 Apr 2016agm notice● Neutral
VAALCO ENERGY INC /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
22 Mar 2016director interest notice● Neutral
Chief Operating Officer Cary Bounds received 179,580 stock options and 179,580 stock appreciation rights on March 18, 2016, both at a $1.04 exercise price.
22 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Controller and Princ Acct Off Elizabeth D Prochnow received a stock option grant for 54,945 shares.
22 Mar 2016director interest notice● Neutral
Chief Executive Officer Steven Guidry received 352,125 stock options and 352,125 stock appreciation rights on March 18, 2016, both at a $1.04 exercise price.
22 Mar 2016director interest notice● Neutral
Chief Financial Officer Don McCormack received 171,675 stock options and 171,675 stock appreciation rights on March 18, 2016, both at a $1.04 exercise price.
22 Mar 2016director interest notice● Neutral
VP, General Counsel and Corporate Secretary Eric J. Christ received 111,975 stock options and 111,975 stock appreciation rights on March 18, 2016, both at a $1.04 exercise price.
16 Mar 2016annual report▼ BadMajor
VAALCO filed its annual report for fiscal 2015 on Form 10-K, with 58.5 million shares outstanding at February 29, 2016 and non-affiliate market value of about $124.7 million at June 30, 2015.
15 Mar 2016late filing notice▼ Bad
VAALCO ENERGY INC /DE/ notified the SEC that its annual report would be filed late.
15 Mar 2016other● Neutral
The board adopted a new 2016 Stock Appreciation Rights Plan for employee and director compensation.
7 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer Steven P Guidry had 3,031 shares withheld for taxes on vesting stock.
4 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer Steven P Guidry had 6,558 shares withheld for taxes on vesting stock.
4 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ VP, Gen Counsel and Corp Sec Eric J Christ had 2,090 shares withheld for taxes on vesting stock.
4 Mar 2016debt financing● Neutral
The borrowing base under VAALCO's revolving credit facility with the International Finance Corporation was reset at $20.1 million in the regular semi-annual redetermination, with all covenants unchanged.
22 Feb 2016substantial holder notice● Neutral
State Street Corporation filed an exit Schedule 13G/A showing it held 69,500 VAALCO shares, or 0.1% of the class, as of December 31, 2015.
9 Feb 2016substantial holder notice▼ Bad
Dimensional Fund Advisors reduced its reported VAALCO shareholding to 2,512,356 shares (4.3% of votes).
8 Jan 2016listing compliance notice● Neutral
VAALCO formally terminated the SEC registration of its Preferred Share Purchase Rights, completing the wind-down of the rights plan adopted in September 2015 and terminated that December.
4 Jan 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Alfred John Knapp Jr. bought 20,000 shares on the open market at $1.47.
31 Dec 2015substantial holder notice● Neutral
Kornitzer Capital Management disclosed a substantial VAALCO shareholding of 4,570,210 shares.
28 Dec 2015substantial holder notice● Neutral
Paul A. Bell, BLR Partners LP, BLRPart, LP, BLRGP Inc, Fondren Management, LP, FMLP Inc, The Radoff Family Foundation, Bradley L. Radoff, Pete J. Dickerson, Michael Keane, Joshua E. Schechter reported a VAALCO shareholding of 4,114,305 shares (7.00% of votes) in a periodic institutional filing.
24 Dec 2015listing compliance notice● Neutral
The NYSE notified the SEC it was removing VAALCO's Preferred Stock Purchase Rights from listing, since all such rights were extinguished when the shareholder rights plan was terminated in the December 22, 2015 settlement.
24 Dec 2015listing compliance notice● Neutral
A same-day amended version of the NYSE's notice removing VAALCO's terminated Preferred Stock Purchase Rights from listing.
23 Dec 2015director officer appointment● NeutralMajor
VAALCO settled with Group 42 and Bradley Radoff's BLR Group, which withdrew its consent solicitation. Directors Jennings and Chapoton retired, Michael Keane joined the board as the group's designee, Andrew Fawthrop became Chairman, the Rights Agreement was terminated, and the bylaws were amended.
23 Dec 2015director interest notice● Neutral
Alfred John Knapp Jr. became a VAALCO ENERGY INC /DE/ director and company insider (initial ownership filing).
23 Dec 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Alfred John Knapp Jr. received 11,613 shares as part of the equity award.
