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

 

June 10, 2020

Date of Report (Date of earliest event reported)

 

Zion Oil & Gas, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction of incorporation)

 

001-33228   20-0065053
(Commission File Number)   (IRS Employer Identification No.)

 

12655 North Central Expressway, Suite 1000, Dallas, TX 75243

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: 214-221-4610

  

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:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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  ☐

 

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.  ☐

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on
which registered
Common   ZN   Nasdaq Capital Market

 

 

 

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders

 

On June 10, 2020, Zion Oil & Gas, Inc. (the “Company”) held its 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting") at 12655 North Central Expressway, Suite 1000, Dallas, Texas 75243 and by virtual Zoom Webinar. As of April 13, 2020, the record date for the 2020 Annual Meeting, there were 167,890,643 shares of common stock issued and outstanding. A quorum of common stockholders, present in person or by proxy, representing 122,598,340 shares of common stock was present at the 2020 Annual Meeting. The final voting results of the 2020 Annual Meeting are set forth below.

 

1.Proposal to elect Class III Directors to serve until the 2023 Annual Meeting of Stockholders.

 

The Company’s common stockholders elected each of the Company’s four nominees for Class III Directors to serve a term of three years to expire at the 2023 Annual Meeting of stockholders or until their respective successors are duly elected and qualified, as set forth below:

  

Name   Votes For   Votes Withheld   Broker Non-Votes
Paul Oroian   57,100,267   639,363   61,713,467
William H. Avery   56,920,569   602,478   61,713,467
Virginia Prodan   56,591,574   633,834   61,713,467
Jeffrey Moskowitz   56,943,673   642,381   61,713,467

 

2.Proposal to amend the Company’s Amended and Restated Certificate of Incorporation to increase the number of shares of common stock, par value $0.01 (“Common Stock”), that the Company is authorized to issue from 200 million to 400 million.

 

The Company’s common stockholders approved to amend the Company’s Amended and Restated Certificate of Incorporation to increase the number of shares of common stock, par value $0.01 (“Common Stock”), that the Company is authorized to issue from 200 million to 400 million as set forth below:

 

Votes For   Votes Against   Abstain   Broker Non-Votes
104,344,827   15,582,239   2,196,252   475,022

 

3.Proposal to ratify the appointment of RBSM, LLP. as the Company's auditors for the year ending December 31, 2020.

 

The Company’s common stockholders ratified the appointment of RBSM, LLP. , as the Company's auditors for the year ending December 31, 2020, as follows:

 

Votes For   Votes Against   Abstain   Broker Non-Votes
117,022,787   809,547   4,766,006   0

 

4.Proposal to approve, in a nonbinding advisory vote, the compensation of the Company’s named executive officers.

 

The Company’s common stockholders approved, in a nonbinding and advisory vote, the compensation of its named executive officers as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 16, 2020 for the 2020 Annual Meeting Proxy Statement, as set forth below:

 

Votes For   Votes Against   Abstain   Broker Non-Votes
54,634,815   4,239,786   2,010,273   61,713,467

 

5.Proposal to approve the frequency of shareholder nonbinding advisory votes on executive compensation of the Company’s named executive officers.

 

The Company’s common stockholders approved 3 years as the frequency of shareholder nonbinding advisory votes on the compensation of its named executive officers as stated in the number of votes cast for each of 1 year, 2 years, and 3 years, as well as the number of abstentions as set forth below:

 

Votes For 3 Years   Votes For 2 Years   Votes For 1 Year   Abstain
39,878,249   4,776,509   12,936,137   3,293,978

  

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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 hereto duly authorized.

 

Date: June 11, 2020  
   
Zion Oil and Gas, Inc.  
     
By: /s/ John M. Brown  
  John M. Brown  
  Chief Executive Officer  

 

 

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