Voted No to Item #4 My 550,000 shares just voted No (against) item #4 to pull shares from Treasury to compensate Directors their awards.
In my opinion, and I think we all agree, the last thing we need right now as we struggle to climb our share value to even$1.20, is to keep diluting our share value. If we were sitting at $3.00-4.00 then I could see it, once our team sees the company through the current situation successfully, then we can talk about "Performance" Awards, until then, (IMHO) these guys need to ride out the storm with their shareholders since we are so aligned.
when it comes to renumeration and pay structure, I feel like these Oil & Gas executives feel like it's still 2014, while all the vested shareholders take our haircut.
They can get creative with juggling their big fat Performance awards (if that's what they're getting) AS they also increase production and profitability (and shareholder value, like their presentation represents or states).
I believe in show us all the amazing performance first then the renumeration should (and must ......to keep the talent) follow.