QEP Resources Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders
April 16 2020 - 5:01PM
QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today
announced that it will hold its 2020 Annual Meeting of Shareholders
(the Annual Meeting) in a virtual-only format, via live audio
webcast, rather than in-person. The Company made the decision to
change to a virtual-only format in light of the ongoing
public-health crisis caused by the coronavirus (COVID-19) pandemic,
recommendations of health officials regarding large in-person
gatherings, and the importance of safeguarding the health of all
QEP stakeholders. The Annual Meeting will be held on the same date
and at the same time as previously announced, Tuesday, May 12, 2020
at 8:00 a.m. MDT.
As described in the Company’s proxy materials previously
distributed for the Annual Meeting, shareholders as of the close of
business on March 19, 2020, the record date, are entitled to
participate in and vote at the Annual Meeting. To attend,
participate in and vote at the virtual Annual Meeting, shareholders
of record must visit www.virtualshareholdermeeting.com/QEP2020 and
enter the 16-digit control number found on the proxy card, voting
instruction form or notice previously received to log in to the
website.
For additional information regarding how shareholders may
access, vote and participate in the virtual Annual Meeting, please
refer to the Company’s supplemental proxy materials filed today
with the Securities and Exchange Commission. The proxy statement
for the Annual Meeting and the Company’s Annual Report on Form 10-K
for the year ended December 31, 2019 (the 2019 Annual Report)
are available at www.proxyvote.com and on the Company’s website at
www.qepres.com under the “Investors" tab and then “Financial
Information."
About QEP Resources, Inc.
QEP Resources, Inc. (NYSE: QEP) is an independent crude oil and
natural gas exploration and production company focused in two
regions of the United States: the Southern Region (primarily in
Texas) and the Northern Region (primarily in North Dakota). For
more information, visit QEP's website at: www.qepres.com.
Forward-Looking Statements
This release includes forward-looking statements within the
meaning of Section 27(a) of the Securities Act of 1933, as amended,
and Section 21(e) of the Securities Exchange Act of 1934, as
amended. Forward-looking statements can be identified by words such
as “anticipates,” “believes,” “forecasts,” “plans,” “estimates,”
“expects,” “should,” “will” or other similar expressions. Such
statements are based on management’s current expectations,
estimates and projections, which are subject to a wide range of
uncertainties and business risks. These forward-looking statements
include statements regarding the date, time and format of the
Annual Meeting. Actual results may differ materially from those
included in the forward-looking statements due to a number of
factors, including, but not limited to: the length and severity of
the recent outbreak of the COVID-19 virus and its impact on QEP’s
business; changes in oil, gas and NGL prices; liquidity
constraints, including those resulting from the cost or
unavailability of financing due to debt and equity capital and
credit market conditions, changes in QEP’s credit rating, QEP’s
compliance with loan covenants, the increasing credit pressure on
QEP’s industry or demands for cash collateral by counterparties to
derivative and other contracts; market conditions; global
geopolitical and macroeconomic factors; the activities of
the Organization of Petroleum Exporting Countries and other
oil producing countries such as Russia; general economic
conditions, including interest rates; changes in local, regional,
national and global demand for natural oil, gas and NGL; impact of
new laws and regulations, including the use of hydraulic fracture
stimulation; impact of U.S. dollar exchange rates on oil, gas and
NGL prices; elimination of federal income tax deductions for oil
and gas exploration and development; guidance for implementation of
the Tax Cuts and Jobs Act; actual proceeds from asset sales;
actions of activist shareholders; tariffs on products QEP uses in
its operations or on the products QEP sells; drilling results;
shortages of oilfield equipment, services and personnel; the
availability of storage and refining capacity; operating risks such
as unexpected drilling conditions; transportation constraints,
including gas and crude oil pipeline takeaway capacity in the
Permian Basin; weather conditions; changes in maintenance, service
and construction costs; permitting delays; outcome of contingencies
such as legal proceedings; inadequate supplies of water and/or lack
of water disposal sources; credit worthiness of counterparties to
agreements; and the other risks discussed in the Company’s periodic
filings with the Securities and Exchange Commission, including
the Risk Factors section of the 2019 Annual Report. QEP undertakes
no obligation to publicly correct or update the forward-looking
statements in this news release, in other documents, or on the
website to reflect future events or circumstances. All such
statements are expressly qualified by this cautionary
statement.
Contact
Investors/Media:William I. Kent, IRCDirector, Investor
Relations303-405-6665
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