Additional Proxy Soliciting Materials - Non-management (definitive) (dfan14a)
March 02 2020 - 5:25PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14A
(Rule
14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
The Securities Exchange Act of 1934
(Amendment No. )
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Filed by a Party other than the Registrant ☒
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Under Rule 14a-12
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GULFPORT ENERGY CORPORATION
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(Name of Registrant as Specified in Its Charter)
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FIREFLY VALUE PARTNERS, LP
FVP MASTER FUND, L.P.
FVP GP, LLC
FIREFLY MANAGEMENT COMPANY GP, LLC
ARIEL WARSZAWSKI
RYAN HESLOP
SAMANTHA HOLROYD
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(Name of Persons(s) Filing Proxy Statement, if Other Than the Registrant)
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Firefly Value Partners,
LP, together with the other participants named herein (collectively, “Firefly”), intends to file a preliminary proxy
statement and accompanying WHITE proxy card with the Securities and Exchange Commission to be used to solicit votes for the election
of its slate of director nominees at the upcoming annual meeting of stockholders of Gulfport Energy Corporation, a Delaware corporation
(the “Company”).
Item 1: On March 2, 2020, Firefly issued the
following press release:
Firefly Value Partners Corrects Gulfport Energy’s
False Statement
Ryan Heslop Currently Has No Interview
Scheduled – Despite Multiple Attempts on Firefly’s Part to Arrange an Interview
New York – (March 2, 2020) –
Firefly Value Partners, LP (together with its affiliates, “Firefly”), which manages funds that, together with affiliates,
collectively beneficially own 13.1% of the outstanding common stock of Gulfport Energy Corporation (“Gulfport” or the
“Company”) (Nasdaq: GPOR), today commented on a false statement in the press release issued by Gulfport in response
to Firefly’s notice of its nomination of two candidates for election to the Company’s Board of Directors (the “Board”)
at the 2020 Annual Meeting of Stockholders (the “Annual Meeting”).
Firefly issued the following statement:
Gulfport’s claim that Firefly
nominee Ryan Heslop “is scheduled to interview for a director seat” next week is unequivocally false. No such interview
has been scheduled – neither with the Board nor any of its advisors or agents. Firefly has been seeking an interview for
Mr. Heslop with the Board since late January, but the Company has failed to provide any date, time or place, or otherwise schedule
an interview.
It is not “odd” that
Gulfport’s largest shareholder would take action to add shareholder representatives to the Board. After all, the Board has
overseen 98% value destruction in the past five years.1 In fact, we are perplexed
that Gulfport has not sought to welcome shareholder representation onto the Board.
The Board should immediately
schedule interviews with both Mr. Heslop and Ms. Holroyd and seek a resolution that allows Gulfport to focus on its critical business
issues. With the stock at $0.67 and the bonds trading at a severe discount to par, there is no time for public gamesmanship or
other delay tactics.
Shareholders deserve better than
blatantly fictitious statements from this underperforming Company and Board.
About Firefly Value Partners, LP
Founded in 2006, Firefly is an investment partnership
focused on fundamental primary research and business analysis. Firefly invests with a long-term time horizon in a concentrated
portfolio of deeply undervalued companies.
Investor Contact:
John Ferguson / Joe Mills
Saratoga Proxy Consulting LLC
212-257-1311
jferguson@saratogaproxy.com / jmills@saratogaproxy.com
1
Five-year period defined as February 28, 2015 through February 28, 2020.
Media Contact:
Dan Zacchei / Joe Germani
Sloane & Company
212-486-9500
dzacchei@sloanepr.com / jgermani@sloanepr.com
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
Firefly Value Partners, LP
and the other participants named herein (collectively, “Firefly”) intend to file a preliminary proxy statement and
an accompanying WHITE proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for
the election of its slate of highly-qualified director nominees at the 2020 annual meeting of stockholders of Gulfport Energy Corporation,
a Delaware corporation (the “Company”).
FIREFLY STRONGLY ADVISES ALL
STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING A PROXY CARD, AS THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE
AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT
CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS’ PROXY SOLICITOR.
The participants in the proxy
solicitation are anticipated to be FVP Master Fund, L.P. (“FVP Master Fund”), Firefly Value Partners, LP (“Firefly
Value Partners”), FVP GP, LLC (“FVP GP”), Firefly Management Company GP, LLC (“Firefly Management”),
Ariel Warszawski, Ryan Heslop and Samantha Holroyd.
As of the date hereof, FVP
Master Fund beneficially owns 20,906,000 shares of common stock, par value $0.01 per share (the “Common Stock”), of
the Company. Firefly Value Partners, as the investment manager of FVP Master Fund, may be deemed the beneficial owner of the 20,906,000
shares of Common Stock owned by FVP Master Fund. FVP GP, as the general partner of FVP Master Fund, may be deemed the beneficial
owner of the 20,906,000 shares of Common Stock owned by FVP Master Fund. Firefly Management, as the general partner of Firefly
Value Partners, may be deemed the beneficial owner of the 20,906,000 shares of Common Stock owned by FVP Master Fund. Each of Messrs.
Heslop and Warszawski, as a Managing Member of each of FVP GP and Firefly Management, may be deemed the beneficial owner of the
20,906,000 shares of Common Stock owned by FVP Master Fund. As of the date hereof, Ms. Holroyd does not beneficially own any shares
of Common Stock.
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Item 2: On March 2, 2020, Firefly posted the
following materials to gulfportvalue.com:
Gulfport Energy (NASDAQ:GPOR)
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From Apr 2024 to May 2024
Gulfport Energy (NASDAQ:GPOR)
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From May 2023 to May 2024