Past year: ▲ 47%(3.58 – 6.57 USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Nov 2015agm notice● Neutral
VAALCO issued a press release urging stockholders to take no action on a consent solicitation by Group 42 and Bradley Radoff to remove and replace four directors. The board said it was reviewing the materials and would give a recommendation in due course.
6 Nov 2015substantial holder notice● Neutral
The Group 42 and Bradley Radoff group filed Amendment No. 2 to its Schedule 13D, adding Pete Dickerson, Michael Keane and Joshua Schechter as board nominees ahead of a consent solicitation to replace directors. Radoff individually held 3,975,000 shares (6.8%).
29 Oct 2015director officer appointment● NeutralMajor
VAALCO named Don McCormack as Chief Financial Officer, succeeding the retiring Gregory Hullinger - continuing the CFO succession chain.
27 Oct 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chairman and CEO Steven P Guidry had 5,470 shares withheld for taxes on vesting stock.
16 Oct 2015director officer appointment● Neutral
Executive Vice President Gayla Cutrer agreed to move to part-time work ahead of a full retirement effective January 2, 2016.
6 Oct 2015substantial holder notice● Neutral
The Group 42 and Bradley Radoff activist group, together holding 11.1% of VAALCO, sent the board a letter criticizing its poison pill, high G&A costs, poor capital allocation and the CEO's contract renewal. Radoff's own holding was 3,975,000 shares (6.8%).
6 Oct 2015listing compliance notice● Neutral
The NYSE certified the listing of VAALCO's newly adopted Preferred Stock Purchase Rights (its September 2015 shareholder rights plan).
5 Oct 2015director interest notice● Neutral
Bradley Louis Radoff became a VAALCO ENERGY INC /DE/ 10%+ owner and company insider (initial ownership filing).
5 Oct 2015director interest notice● Neutral
Group 42, INC. became a VAALCO ENERGY INC /DE/ 10%+ owner and company insider (initial ownership filing).
2 Oct 2015director officer appointment● Neutral
VAALCO renewed Chairman and CEO Steven Guidry's employment agreement on largely unchanged terms.
28 Sept 2015bylaws amendment● NeutralMajor
VAALCO's board adopted a shareholder rights plan ('poison pill'), declaring one purchase right per share, creating a new class of preferred stock to back it, and amending its bylaws accordingly - a defensive package put in place as its dispute with activist investors Group 42/BLR Partners was building, later terminated in the December 2015 settlement.
28 Sept 2015securities registry admin● NeutralMajor
VAALCO's board adopted a shareholder rights plan ('poison pill') and registered the associated preferred stock purchase rights with the NYSE, a defensive measure adopted as its board dispute with activist investors Group 42/BLR Partners was intensifying.
25 Sept 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 disclosed a new substantial VAALCO shareholding of 3,975,000 shares (6.80% of votes).
31 Aug 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ director John J Myers Jr. bought 55,025 shares on the open market.
13 Aug 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ director James B Jennings bought 34,292 shares on the open market.
6 Aug 2015quarterly activities report▼ Bad
VAALCO ENERGY INC /DE/ reported a quarterly net loss of $5.2 million for the period ended 2015-06-30.
6 Aug 2015quarterly activities report▼ Bad
VAALCO ENERGY INC /DE/ reported a quarterly net loss of $5.2 million for the period ended 2015-06-30.
5 Aug 2015director officer appointment▲ GoodMajor
VAALCO added independent director Steven Pully to the board and separately authorized a buyback of up to 5.8 million shares, about 10% of shares outstanding.
5 Aug 2015director interest notice● Neutral
Steven J Pully became a VAALCO ENERGY INC /DE/ director and company insider (initial ownership filing).
5 Aug 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Steven J Pully received 36,000 shares as part of the equity award.
10 July 2015substantial holder notice● Neutral
BlackRock, Inc. reported holding 2,731,002 VAALCO shares (4.7%) as of June 30, 2015, saying it had ceased to be a beneficial owner of more than 5% of the company.
7 July 2015director interest notice● Neutral
Cary M Bounds became a VAALCO ENERGY INC /DE/ Chief Operating Officer and company insider (initial ownership filing).
7 July 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ director James B Jennings bought 50,000 shares on the open market at $2.00.
7 July 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Operating Officer Cary M Bounds received 100,000 shares and a 150,000-share option grant as part of the equity award.
1 July 2015director officer appointment● NeutralMajor
VAALCO appointed Cary Bounds as Chief Operating Officer effective July 6, 2015. He had most recently run Noble Energy's Equatorial Guinea business unit, and his employment agreement ran through December 31, 2017.
9 June 2015agm notice● Neutral
VAALCO ENERGY INC /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
26 May 2015material agreement▲ Good
VAALCO amended its 2014 IFC loan, removing a debt-to-equity covenant and extending the deadline to restructure ownership of its Gabon assets.
13 May 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ director James B Jennings bought 40,000 shares on the open market at $2.50.
12 May 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chairman and CEO Steven P Guidry sold 3,031 shares at $5.06.
7 May 2015quarterly activities report▼ Bad
VAALCO ENERGY INC /DE/ reported a quarterly net loss of $39.0 million for the period ended 2015-03-31.
