Amplify Energy (NYSE: AMPY) holders back directors, pay and equity plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Amplify Energy Corp. reported the voting results from its 2026 Annual Meeting of Stockholders, which was held virtually. Shareholders elected five directors — Deborah G. Adams, Clint Coghill, Daniel Furbee, Christopher W. Hamm and Todd R. Snyder — to serve until the 2027 annual meeting.
Stockholders also ratified Grant Thornton LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. In advisory votes, shareholders approved the compensation of named executive officers and approved the 2024 Amended and Restated Equity Incentive Plan.
Investors further supported holding future advisory votes on executive compensation every year rather than every two or three years. The company stated it will conduct say‑on‑pay votes annually until the next stockholder advisory vote on frequency.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for Deborah G. Adams: 14,351,732 shares
Votes for Grant Thornton LLP ratification: 26,305,705 shares
Votes for say-on-pay approval: 14,823,670 shares
+2 more
5 metrics
Votes for Deborah G. Adams
14,351,732 shares
Director election at 2026 Annual Meeting
Votes for Grant Thornton LLP ratification
26,305,705 shares
Auditor ratification for fiscal year 2026
Votes for say-on-pay approval
14,823,670 shares
Advisory vote on named executive officer compensation
Votes for 2024 Equity Incentive Plan
14,749,115 shares
Approval of 2024 Amended and Restated Equity Incentive Plan
Votes for annual say-on-pay frequency
14,350,709 shares
Preference for yearly advisory votes on compensation
Key Terms
independent registered public accounting firm, non-binding advisory basis, Equity Incentive Plan, broker non-votes, +1 more
5 terms
independent registered public accounting firm financial
"to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
non-binding advisory basis regulatory
"to approve, on a non-binding advisory basis, the compensation of the Company’s named executive officers"
A non-binding advisory basis is guidance or a recommendation offered for informational purposes that does not create legal obligations or guarantees; recipients can accept, modify, or ignore it without contractual consequences. Investors should treat it like a weather forecast for planning—useful for forming expectations and assessing risk, but not a firm promise—so they should verify assumptions, seek confirming information, and avoid relying on it as the sole basis for investment decisions.
Equity Incentive Plan financial
"to approve the Amplify Energy Corp. 2024 Amended and Restated Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
broker non-votes regulatory
"Votes regarding the persons elected as directors were as follows ... Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
Which directors were elected at Amplify Energy’s 2026 annual meeting?
Deborah G. Adams, Clint Coghill, Daniel Furbee, Christopher W. Hamm and Todd R. Snyder were elected as directors. Each will serve until the 2027 Annual Meeting of Stockholders or until a successor is duly elected and qualified, continuing the existing board composition.
Was Amplify Energy’s 2024 Amended and Restated Equity Incentive Plan approved?
Yes, shareholders approved the Amplify Energy Corp. 2024 Amended and Restated Equity Incentive Plan. Voting results were 14,749,115 shares for, 1,094,838 against and 186,198 abstentions, along with 10,563,307 broker non-votes, authorizing continued equity-based compensation programs.
How often will Amplify Energy (AMPY) now hold say-on-pay frequency votes?
Shareholders approved holding advisory votes on executive compensation every year. Vote totals were 14,350,709 for every year, 27,050 for every two years, 1,607,544 for every three years, and 44,848 abstentions. The company plans to hold annual say-on-pay votes until the next frequency vote.