Obsidian Energy shareholders back 2026 AGM resolutions

Obsidian Energy Ltd. reported that shareholders approved all resolutions at the May 7, 2026 annual and special meeting.

Accepted by SEC EDGAR 05/07/2026 - 05:05 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Obsidian Energy Ltd. reported that shareholders approved all resolutions at the May 7, 2026 annual and special meeting. KPMG LLP was reappointed as auditor, and seven management nominees were elected to the board with support ranging from 90.8% to 97.7% of votes cast.

Shareholders backed the company’s approach to executive compensation with 84.3% of votes in favour. They also approved amendments to the stock option plan and authorized all unallocated options and share unit awards under the company’s equity plans until May 7, 2029, each resolution receiving around 91% support.

Key Figures

Say-on-pay support: 19,608,843 votes (84.3%) Say-on-pay opposition: 3,662,152 votes (15.7%) Amended option plan support: 21,167,239 votes (91.0%) +4 more

7 metrics

Say-on-pay support 19,608,843 votes (84.3%) Advisory vote on executive compensation

Say-on-pay opposition 3,662,152 votes (15.7%) Advisory vote on executive compensation

Amended option plan support 21,167,239 votes (91.0%) Approval of amendment to stock option plan

Unallocated options approval 21,128,547 votes (90.8%) Unallocated options under stock option plan until May 7, 2029

Unallocated share units approval 21,118,295 votes (90.7%) Unallocated share unit awards under award plan until May 7, 2029

Highest director support 22,724,622 votes (97.7%) Election of director Gordon Ritchie

Lowest director support 21,128,105 votes (90.8%) Election of director John Brydson

Key Terms

Non-Binding Advisory Vote, Stock Option Plan, Restricted and Performance Share Unit Plan, unallocated options, +1 more

5 terms

Non-Binding Advisory Vote financial

"Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation"

A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.

Stock Option Plan financial

"Approval of Amendments to Stock Option Plan"

A stock option plan is a company program that gives employees the right to buy company shares at a preset price after a certain time, like a coupon allowing purchase later at a fixed rate. It matters to investors because these options can increase the number of shares outstanding — reducing each existing share’s ownership slice and potentially changing per-share results — while also aligning employee incentives with boosting the company’s value.

Restricted and Performance Share Unit Plan financial

"unallocated share unit awards under the restricted and performance share unit plan until May 7, 2029"

A restricted and performance share unit plan is a company pay program that grants employees or executives promises for future company shares that only become real if certain conditions are met. Some units vest simply after time passes (restricted units) while others vest only if financial or operational targets are hit (performance units); they may convert to shares or cash. Investors care because these awards dilute ownership, create future compensation expense and align management’s incentives with company goals—like giving a worker a future paycheck that depends on staying and helping the company succeed.

unallocated options financial

"all unallocated options to acquire common shares under the stock option plan until May 7, 2029"

Annual and Special Meeting of Shareholders financial

"Annual and Special Meeting of Shareholders of Obsidian Energy Ltd."

A combined reference to the regular yearly gathering where shareholders vote on routine business (annual meeting) and any extra meetings called to decide urgent or specific matters (special meeting). Think of the annual meeting as the company’s yearly check-in and the special meeting as a quick boardroom session called when something important requires shareholder approval; both matter because they determine leadership, major policy, and actions that can change a stock’s value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Obsidian Energy (OBE) shareholders approve at the 2026 meeting?

Shareholders approved all resolutions, including reappointing KPMG LLP as auditor, electing seven directors, endorsing executive compensation, and extending the company’s stock option and share unit plans with unallocated awards authorized until May 7, 2029, each with strong majority support.

How did Obsidian Energy (OBE) shareholders vote on executive compensation?

Shareholders gave advisory approval to Obsidian Energy’s executive compensation approach, with 19,608,843 votes (84.3%) in favour and 3,662,152 votes (15.7%) against. This non-binding vote signals broad support for how the company structures and awards pay to senior management.

What were the director election results for Obsidian Energy (OBE) in 2026?

Seven management nominees were elected as directors, each receiving between 90.8% and 97.7% of votes cast. For example, Gordon Ritchie received 22,724,622 votes for (97.7%), while Stephen Loukas received 22,643,868 votes for (97.3%), indicating strong shareholder backing.

What changes to Obsidian Energy (OBE) stock option plan were approved?

Shareholders approved amendments to the stock option plan and authorized all unallocated options to acquire common shares under the plan until May 7, 2029. The amendment resolution received 21,167,239 votes for (91.0%) and 2,103,756 votes against (9.0%), showing solid support.

What happened to Obsidian Energy (OBE) share unit and award plans?

Shareholders approved all unallocated share unit awards under the restricted and performance share unit plan until May 7, 2029. The resolution received 21,118,295 votes for (90.7%) and 2,152,700 votes against (9.3%), maintaining the company’s flexibility to grant future equity-based compensation.

Who was appointed auditor for Obsidian Energy (OBE) after the 2026 meeting?

KPMG LLP, Chartered Accountants, was appointed as auditor for the ensuing year by a resolution passed by show of hands. This appointment confirms KPMG’s continued role in auditing Obsidian Energy’s financial statements following the 2026 annual and special shareholder meeting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number 1-32895

___________________

Obsidian Energy Ltd.

(Translation of registrant's name into English)

Suite 200, 207 – 9th Avenue SW
Calgary, Alberta, Canada T2P 1K3

 (Address of principal executive offices)

___________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F  Form 40-F ☑

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) 

                         .

DOCUMENTS FILED AS PART OF THIS FORM 6-K

See the Exhibit Index hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on May 7, 2026.

	OBSIDIAN ENERGY LTD.
	By:	/s/ Stephen E. Loukas
	Name:	Stephen E. Loukas
	Title:	President and Chief Executive Officer

2

EXHIBIT INDEX

Exhibit	Description
99.1	News Release, dated May 7, 2026
99.2	Report of Voting Results from Annual General Meeting of Shareholders

Exhibit 99.1

Obsidian Energy Announces Voting Results from the 2026 Annual
and Special Meeting of Shareholders

CALGARY, May 7, 2026 – OBSIDIAN ENERGY LTD. (TSX / NYSE American – OBE) (“Obsidian Energy”, the “Company”, “we”, “us” or “our”) is pleased to announce that at our annual and special meeting of shareholders held on May 7, 2026, Obsidian Energy's shareholders approved all resolutions outlined in the Notice of 2026 Annual and Special Meeting and Management Proxy Circular dated March 15, 2026 (the “Information Circular”), which is available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on Obsidian Energy’s website at www.obsidianenergy.com.

1.Appointment of Auditor

By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of the Company for the ensuing year.

2.Election of Directors

By resolutions passed by ballot vote, the following seven nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:

	Votes For	Percent	Votes Withheld	Percent
Shani Bosman	21,149,944	90.9%	2,121,051	9.1%
John Brydson	21,128,105	90.8%	2,142,890	9.2%
Raymond D. Crossley	22,491,581	96.7%	779,268	3.3%
Michael J. Faust	21,365,319	91.8%	1,905,676	8.2%
Edward H. Kernaghan	21,412,022	92.0%	1,857,853	8.0%
Stephen Loukas	22,643,868	97.3%	626,981	2.7%
Gordon Ritchie	22,724,622	97.7%	546,227	2.3%

3.Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation

By resolution passed by ballot vote, the Company’s approach to executive compensation as outlined in the Information Circular was approved. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
19,608,843	84.3%	3,662,152	15.7%

4.Approval of Amendments to Stock Option Plan

By resolution passed by ballot vote, the Company’s amendments to our stock option plan, as outlined in the Information Circular, was approved. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
21,167,239	91.0%	2,103,756	9.0%

5.Approval of Unallocated Options Pursuant to the Stock Option Plan

By resolution passed by ballot vote, all unallocated options to acquire common shares under the stock option plan until May 7, 2029, was approved. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
21,128,547	90.8%	2,142,448	9.2%

6.Approval of Unallocated Share Unit Awards Issuable under the Award Plan

By resolution passed by ballot vote, all unallocated share unit awards under the restricted and performance share unit plan until May 7, 2029, was approved. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
21,118,295	90.7%	2,152,700	9.3%

ABOUT OBSIDIAN ENERGY

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.

Obsidian Energy is headquartered in Calgary and listed on the Toronto Stock Exchange and NYSE American (TSX / NYSE American: OBE). To learn more, visit Obsidian Energy’s website.

contact

OBSIDIAN ENERGY

Suite 200, 207 - 9th Avenue SW, Calgary, Alberta T2P 1K3

Phone: 403-777-2500

Toll Free: 1-866-693-2707

Website: www.obsidianenergy.com;

Investor Relations:

Toll Free: 1-888-770-2633

E-mail: investor.relations@obsidianenergy.com

2

Exhibit 99.2

Annual and Special Meeting of Shareholders of
Obsidian Energy Ltd. (the “Issuer”)
May 7, 2026

REPORT OF VOTING RESULTS

The following matters were voted upon at the Annual and Special Meeting of shareholders ("Shareholders") of the Issuer held on May 7, 2026 in Calgary, Alberta. Each matter voted upon is described in greater detail in the Notice of 2026 and Special Meeting and Management Proxy Circular dated March 15, 2026 (the "Information Circular"), which is available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Issuer’s website.

1.Appointment of Auditor

By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of the Issuer for the ensuing year.

2.Election of Directors

By resolutions passed by ballot vote, the following seven nominees proposed by management were elected as directors of the Company to hold office until the next annual meeting of Shareholders or until their successors are elected or appointed:

	Votes For	Percent	Votes Withheld	Percent
Shani Bosman	21,149,944	90.9%	2,121,051	9.1%
John Brydson	21,128,105	90.8%	2,142,890	9.2%
Raymond D. Crossley	22,491,581	96.7%	779,268	3.3%
Michael J. Faust	21,365,319	91.8%	1,905,676	8.2%
Edward H. Kernaghan	21,412,022	92.0%	1,857,853	8.0%
Stephen Loukas	22,643,868	97.3%	626,981	2.7%
Gordon Ritchie	22,724,622	97.7%	546,227	2.3%

3.Non-Binding Advisory Vote on the Corporation's Approach to Executive Compensation

By resolution passed by ballot vote, an advisory resolution was passed to approve the Company’s approach to executive compensation as outlined in the Information Circular. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
19,608,843	84.3%	3,662,152	15.7%

4.Approval of Amendment to Stock Option Plan

By resolution passed by ballot vote, a resolution was passed to approve the amendment to the stock option plan, as outlined in the Information Circular. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
21,167,239	91.0%	2,103,756	9.0%

5.Approval of Unallocated Options Pursuant to the Stock Option Plan

By resolution passed by ballot vote, all unallocated options to acquire common shares under the stock option plan until May 7, 2029 was approved. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
21,128,547	90.8%	2,142,448	9.2%

6.Approval of Unallocated Units Pursuant to the Restricted and Performance Share Unit Plan

By resolution passed by ballot vote, all unallocated options to acquire common shares under the restricted and performance share unit plan, until May 7, 2029 was approved. The results of the ballot were as follows:

Votes For	Percent	Votes Against	Percent
21,118,295	90.7%	2,152,700	9.3%

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 56.0 KB
• EX-99.2 EX-99.2 43.1 KB