Item 5.07 - Submission of Matters to the Vote of
Security Holders
On December 15, 2021, the Annual
Meeting of Stockholders of New Concept Energy, Inc. (the “Company” or the “Registrant”) was called
to be held, following a solicitation of proxies, pursuant to a Notice of Annual Meeting and related Proxy Statement, dated November 15,
2021, distributed in accordance with the requirements of Regulation 14A under the Exchange Act. On the record date of November 12, 2021,
a total of 5,131,934 shares of Common Stock and 559 shares of Series B Preferred Stock were outstanding, with each share entitled to cast
one vote.
At the meeting, proxies representing
at least 3,208,105 shares (62.51% of the outstanding) appeared and were cast, thereby establishing a quorum present in person or by proxy.
It was noted that, of the 5,131,934 outstanding shares of Common Stock, 3,717,832 shares are held in DTC/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 non-votes were not reported):
|
Name
|
|
No. of Votes
For
|
|
Of Shares
Voted, % For
|
|
No. of Votes Withheld
|
|
No. of Votes Abstained
|
|
Broker Non-Votes
|
|
Gene S. Bertcher
|
|
|
1,871,698
|
|
|
|
58.34
|
%
|
|
|
6,468
|
|
|
|
-0-
|
|
|
|
|
Richard W. Humphrey
|
|
|
1,848,399
|
|
|
|
57.62
|
%
|
|
|
29,787
|
|
|
|
-0-
|
|
|
|
|
Dan Locklear
|
|
|
1,869,181
|
|
|
|
58.26
|
%
|
|
|
18,986
|
|
|
|
-0-
|
|
|
|
|
Cecelia Maynard
|
|
|
1,861,309
|
|
|
|
58.01
|
%
|
|
|
16,867
|
|
|
|
-0-
|
|
|
|
|
Raymond D. Roberts, Sr.
|
|
|
1,822,843
|
|
|
|
56.82
|
%
|
|
|
45,323
|
|
|
|
-0-
|
|
|
|
|
|
All of the nominees named above, each of which is
currently a director of the Company, were elected at such Annual Meeting.
The second matter presented at
the Annual Meeting was the ratification of the appointment of Swalm & Associates, P.C. as the independent registered public accounting
firm for the Registrant for the fiscal year ending December 31, 2021, and any interim period. A total of 3,184,243 votes were cast FOR,
4,090 votes were cast AGAINST, and 19,772 votes ABSTAINED from voting with respect to such proposal. There were no broker non-votes. On
the basis of such votes, the second proposal was approved.
The Annual Meeting of the Board
of Directors was held on the following day, December 16, 2021. At such meeting, Gene S. Bertcher was reelected Chairman of the Board,
President, Chief Executive Officer and Chief Financial Officer of the Company.