Gran Tierra Energy Inc. Provides AGM Update and Announces Board Changes
Gran Tierra Energy (NYSE American: GTE) scheduled its 2026 Annual Meeting of Stockholders for May 8, 2026 at 10:00 a.m. MT / 12:00 p.m. ET as a virtual-only meeting.
Rhea-AI Summary
Gran Tierra Energy (NYSE American: GTE) scheduled its 2026 Annual Meeting of Stockholders for May 8, 2026 at 10:00 a.m. MT / 12:00 p.m. ET as a virtual-only meeting. Shareholders may obtain the Proxy Statement and SEC filings free via the SEC website and the company investor relations site.
The company announced that Evan Hazell, Sondra Scott, David Smith and Brad Virbitsky resigned from the Board effective immediately, reducing the Board size from nine to five directors. Additional details are available in the company's Form 8-K filed today.
Positive
- 2026 Annual Meeting set for May 8, 2026 as virtual-only, improving remote shareholder access
- Proxy and SEC filings will be available free on SEC and company investor relations websites
Negative
- Four directors (Hazell, Scott, Smith, Virbitsky) resigned effective immediately
- Board size reduced from 9 to 5 directors, representing a significant board composition change
Details
News Market Reaction – GTE
In the Mar 18 session, GTE declined 7.11%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- AGM date
- May 8, 2026
- Scheduled date of 2026 Annual Meeting of Stockholders
- AGM time MT
- 10:00 a.m. Mountain Time
- Scheduled start time of virtual-only Annual Meeting
- AGM time ET
- 12:00 p.m. Eastern Time
- Corresponding Eastern Time for Annual Meeting
- Board size before
- 9 directors
- Gran Tierra board size prior to resignations
- Board size after
- 5 directors
- Gran Tierra board size after four resignations
- Voting shares
- 35,298,774 shares
- Common shares eligible to vote at 2026 Annual Meeting as of Mar 13, 2026
- 2P reserves
- 258 MMBOE
- Year-end 2025 2P reserves highlighted in DEF 14A
- Safety hours
- 37.2 million person-hours
- Hours worked without a Lost Time Incident per DEF 14A
Historical Context
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Reported 2025 results with strong EBITDA but a net loss and reserve update.
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Announced final results of notes exchange into new 2031 notes with high participation.
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Set release date and webcast details for 2025 results and conference call.
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Signed EDPSA with SOCAR for Guba-Khazaryani area with 65% working interest.
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Agreed to sell remaining Simonette interest for C$62.5M to aid deleveraging.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
proxy statement regulatory
form 8-k regulatory
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CALGARY, Alberta, March 17, 2026 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) announces that the Company has scheduled its 2026 Annual Meeting of Stockholders to be held on Friday, May 8, 2026, at 10:00 a.m. Mountain Time, 12:00 p.m. Eastern Time. Our Annual Meeting will be held as a virtual-only stockholder meeting with participation occurring electronically as explained further in our Proxy Statement. Shareholders will be able obtain a free copy of the Proxy Statement and other documents the Company files with the SEC (when available) through the website maintained by the SEC at www.sec.gov. The Company will also make available free of charge on its investor relations website copies of materials it files with, or furnishes to, the SEC.
Further, Evan Hazell, Sondra Scott, David Smith and Brad Virbitsky have each notified the Board of Directors of Gran Tierra Energy Inc. of their respective decisions to resign as members of the Board effective immediately. Further details of the resignations are found on a Form 8-K filing with today’s date located on the website maintained by the SEC at www.sec.gov and SEDAR+ at http://www.sedarplus.ca. As a result the Board of Gran Tierra has decreased the size of the Board from nine to five directors.
Contact Information
For investor and media inquiries please contact:
Gary Guidry, Chief Executive Officer
Ryan Ellson, Executive Vice President & Chief Financial Officer
+1-403-265-3221
info@grantierra.com
About Gran Tierra Energy Inc.
Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, Ecuador and Azerbaijan. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador; however, we have recently entered into an exploration, development and production sharing agreement with SOCAR and may eventually expand our operations into Azerbaijan and will continue to pursue additional new growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Except to the extent expressly stated otherwise, information on the Company’s website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221.
Gran Tierra’s filings with the U.S. Securities and Exchange Commission (the “SEC”) are available on the SEC website at http://www.sec.gov. Gran Tierra’s Canadian securities regulatory filings are available on SEDAR+ at http://www.sedarplus.ca and UK regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
FAQ
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