Item
5.07. Submission of Matters to a Vote of Security Holders
On
December 27, 2017, the Annual Meeting of Stockholders of New Concept Energy, Inc. (“
NCE
” or the “
Issuer
”
or the “
Registrant
”) was called to be held following a solicitation of proxies, pursuant to a Notice of Annual
Meeting and related Proxy Statement, each dated November 28, 2017, distributed in accordance with the requirements of Regulation
14A under the Securities Exchange Act of 1934, as amended. On the record date of November 27, 2017, a total of 2,236,935 shares
of Common Stock and 559 shares of Series B Preferred Stock was outstanding, with each share entitled to cast one vote.
At
the meeting, proxies representing 1,347,949 shares appeared and were cast, thereby establishing a quorum present in person or
by proxy. It was noted that, of the outstanding shares, 1,923,734 shares are held in CEDE accounts.
At
the Annual Meeting, which involved the election of directors, the following named persons received the number of votes cast for,
against or withheld, as well as the number of abstentions (broker nonvotes were not reported):
Name
|
# Votes
For
|
#
Votes
Withheld
|
#
Votes
Abstained
|
Broker
Non-votes
|
Gene S. Bertcher
|
169,948
|
—
|
3,558
|
|
Dan Locklear
|
169,880
|
—
|
3,626
|
|
Victor L. Lund
|
170,080
|
—
|
3,426
|
|
Raymond
D. Roberts, Sr.
|
138,148
|
—
|
34,358
|
|
All
of the nominees named above, each of which is currently a director of the Registrant, were elected at such Annual Meeting.
The
only other matter presented at the Annual Meeting was the ratification of the appointment of Swalm & Associates, PC as the
independent registered public accounting firm for the Registrant for the fiscal year ending December 31, 2017, and any interim
period. A total of 1,206,328 votes were cast FOR, 119,222 votes were cast AGAINST, and 22,399 votes ABSTAINED from voting with
respect to such proposal. There were no broker non-votes.
The
Annual Meeting of the Board of Directors was held later on the same day, December 27, 2017. At such meeting, Gene S. Bertcher
was reelected Chairman of the Board, President, Chief Executive Officer and Chief Financial Officer of the Registrant.