Strong support at Obsidian Energy (NYSE: OBE) 2026 shareholder meeting
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.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
Non-Binding Advisory Vote financial
Stock Option Plan financial
unallocated options financial
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
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Obsidian Energy Ltd. (Translation of registrant's name into English)
Suite 200, 207 – 9th Avenue SW (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)
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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.
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OBSIDIAN ENERGY LTD. |
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By: |
/s/ Stephen E. Loukas
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Name: |
Stephen E. Loukas |
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Title: |
President and Chief Executive Officer |
2
EXHIBIT INDEX
Exhibit |
Description |
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99.1 |
News Release, dated May 7, 2026 |
99.2
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Report of Voting Results from Annual General Meeting of Shareholders
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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.
By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of the Company for the ensuing year.
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% |
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% |
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% |
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% |
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.
By resolution passed by show of hands, KPMG LLP, Chartered Accountants, was appointed as auditor of the Issuer for the ensuing year.
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% |
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% |
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% |
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% |
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% |