Reserve Petroleum (RSRV) board declares $10 cash dividend after 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Reserve Petroleum Company reported results from its 2026 Annual Meeting of Stockholders and announced a new cash dividend. Stockholders elected all eight nominated directors to one-year terms and ratified the selection of HoganTaylor LLP as independent registered public accountants for 2026.
The board approved a $10.00 per share cash dividend, payable on June 16, 2026 to common stockholders of record at the close of business on June 3, 2026. The voting results show strong support for the director slate and the company’s auditing firm.
Positive
- None.
Negative
- None.
Insights
Routine governance votes paired with a sizable cash dividend.
The company confirmed standard annual-meeting outcomes: all eight board nominees were elected and HoganTaylor LLP was ratified as the independent registered public accountants for 2026. These are typical governance items and do not materially change the business outlook by themselves.
The more notable element is the $10.00 per share cash dividend declared for common stockholders of record on June 3, 2026, payable on June 16, 2026. While the filing does not quantify total cash outlay or yield, a fixed cash dividend directly returns capital to shareholders and may influence income-focused investors’ perception of the stock.
8-K Event Classification
2 items: 5.07, 8.01
2 items
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.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Cash dividend per share: $10.00 per share
Dividend record date: June 3, 2026
Dividend payment date: June 16, 2026
+3 more
6 metrics
Cash dividend per share
$10.00 per share
Declared by board; payable June 16, 2026
Dividend record date
June 3, 2026
Stockholders of record eligible for $10.00 dividend
Dividend payment date
June 16, 2026
Payment date for $10.00 per share cash dividend
Votes for HoganTaylor LLP
77,708 votes for
Ratification as independent public accountants for 2026
Votes for James L. Tyler
79,274 votes for
Director election at 2026 Annual Meeting
Votes for Eddy R. Ditzler
79,292 votes for
Director election at 2026 Annual Meeting
Key Terms
Annual Meeting of Stockholders, Independent Registered Public Accountants, cash dividend, broker non-votes
4 terms
Annual Meeting of Stockholders financial
"On May 19, 2026, The Reserve Petroleum Company held its 2026 Annual Meeting of Stockholders."
Independent Registered Public Accountants regulatory
"Ratification of the Selection of HoganTaylor LLP as the Company’s Independent Registered Public Accountants for 2026"
Independent registered public accountants are external auditing firms licensed to examine a public company’s financial records and issue an objective opinion on whether the financial statements are accurate and follow accounting rules. They matter to investors because their independent check is like a neutral referee confirming the score in a game — it reduces the risk of errors or misleading information and helps investors trust the financial reports used to make decisions.
cash dividend financial
"the Company’s Board of Directors approved a $10.00 per share cash dividend to be paid June 16, 2026"
A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.
broker non-votes financial
"James L. Tyler | 79,274 | — | 22 | 10,896"
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.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 2026
Commission File Number 000-08157
THE RESERVE PETROLEUM CO MPANY
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) | ||||
(405 ) 848-7551
(Address and telephone number, including area code, of registrant’s principal executive offices)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| None | ||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
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Item 5.07 Submission of Matters to a Vote of Security Holders
(a)Annual Meeting. On May 19, 2026, The Reserve Petroleum Company (the “Company”) held its 2026 Annual Meeting of Stockholders.
(b)Matters Voted Upon; Voting Results. The following matters were submitted for a vote of the Company’s stockholders:
| Proposal | ||||||||||||||||||||||||||
1.Election of Directors | ||||||||||||||||||||||||||
| Nominee | For | Against | Abstentions | Broker Non-votes | ||||||||||||||||||||||
| James L. Tyler | 79,274 | — | 22 | 10,896 | ||||||||||||||||||||||
| Robert L. Savage | 70,427 | — | 8,869 | 10,896 | ||||||||||||||||||||||
| Marvin E. Harris, Jr. | 79,274 | — | 22 | 10,896 | ||||||||||||||||||||||
| Eddy R. Ditzler | 79,292 | — | 4 | 10,896 | ||||||||||||||||||||||
| William M.(Bill) Smith | 79,274 | — | 22 | 10,896 | ||||||||||||||||||||||
| Doug S. Fuller | 79,274 | — | 22 | 10,896 | ||||||||||||||||||||||
| Cameron R. McLain | 70,785 | — | 8,511 | 10,896 | ||||||||||||||||||||||
| Kyle McLain | 70,921 | — | 8,375 | 10,896 | ||||||||||||||||||||||
| Proposal | For | Against | Abstentions | Broker Non-votes | ||||||||||||||||||||||
2.Ratification of the Selection of HoganTaylor LLP as the Company’s Independent Registered Public Accountants for 2026 | 77,708 | 39 | 12,445 | — | ||||||||||||||||||||||
All eight nominated Directors were elected to serve for terms of one year each and the selection of HoganTaylor LLP as the Company’s Independent Registered Public Accountants for 2026 was ratified.
For additional information on these proposals, please see the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 17, 2026.
Item 8.01 Other Events
On May 19, 2026, the Company’s Board of Directors approved a $10.00 per share cash dividend to be paid June 16, 2026 to the Company’s common stockholders of record at the close of business on June 3, 2026.
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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 hereunto duly authorized.
THE RESERVE PETROLEUM COMPANY (Registrant) | ||||||||
Date: May 19, 2026 | /s/ Cameron R. McLain | |||||||
| Cameron R. McLain, Principal Executive Officer | ||||||||
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FAQ
What did The Reserve Petroleum Company (RSRV) announce in this 8-K?
The Reserve Petroleum Company reported results of its 2026 Annual Meeting and declared a $10.00 per share cash dividend. Stockholders elected eight directors and ratified HoganTaylor LLP as independent auditors for 2026, while the board approved the dividend with June record and payment dates.
How much is The Reserve Petroleum Company’s new dividend and who will receive it?
The board approved a $10.00 per share cash dividend for The Reserve Petroleum Company’s common stockholders. Investors who are stockholders of record at the close of business on June 3, 2026, will be entitled to receive this dividend, subject to the stated payment date.
When will The Reserve Petroleum Company (RSRV) pay its $10.00 cash dividend?
The Reserve Petroleum Company will pay the $10.00 per share cash dividend on June 16, 2026. Eligible recipients are common stockholders of record at the close of business on June 3, 2026, as specified by the board’s dividend declaration.
Which directors were elected at The Reserve Petroleum Company’s 2026 Annual Meeting?
Stockholders elected eight directors: James L. Tyler, Robert L. Savage, Marvin E. Harris, Jr., Eddy R. Ditzler, William M. (Bill) Smith, Doug S. Fuller, Cameron R. McLain, and Kyle McLain. Each director was chosen to serve a one-year term on the company’s board.
What were some of the director election vote totals for The Reserve Petroleum Company (RSRV)?
Vote support was strong for the director slate. For example, James L. Tyler received 79,274 votes for and 22 abstentions, while Eddy R. Ditzler received 79,292 votes for and 4 abstentions, each with 10,896 broker non-votes recorded on the proposal.