-- Endeavour Stockholders Vote in Favor of ALL Proposals
HOUSTON, May 22, 2014 /PRNewswire/ -- Endeavour
International Corporation (NYSE: END) (LSE: ENDV) today announced
that, based on the preliminary vote count of its proxy solicitor,
Morrow & Co., Endeavour's stockholders have elected all of the
Board of Director's director nominees – John B. Connally III, James H. Browning and William D. Lancaster – at the Company's 2014
Annual Meeting of Stockholders.
Endeavour issued the following statement:
On behalf of Endeavour's entire Board and management team, we
wish to thank our stockholders for their support throughout this
process. We appreciate the feedback we have received from our
stockholders, and we recognize that there is still work to be done
to strengthen our balance sheet, improve execution and leverage our
asset base to drive profitable growth. We look forward to
benefitting from the significant experience and fresh perspectives
of our new Board members James H.
Browning and William D.
Lancaster, as we continue to execute our strategic plan. The
outcome of today's election affirms our belief that Endeavour has
the right strategy and leadership team in place to achieve our
objectives and deliver value for all stockholders.
The preliminary vote count also indicated that stockholders have
voted in favor of all other proposals on the ballot, including the
ratification of Ernst & Young LLP as Endeavour's auditors,
adoption of the Company's 2014 Stock Incentive Plan, and the
advisory vote on executive compensation.
IVS Associates, Inc., the independent inspector of elections, is
tabulating the votes cast at the Annual Meeting. The Company will
announce final results once IVS has certified as to its final
tabulation report.
About Endeavour International Corporation
Endeavour International Corporation is an international oil and gas
exploration and production company focused on the acquisition,
exploration and development of energy reserves in the North Sea and
United States. For more
information, visit www.endeavourcorp.com.
Forward-looking Statements
This press release contains certain "forward-looking statements,"
as such term is defined in Section 21E of the Securities Exchange
Act of 1934, as amended, relating to future events and the
financial performance of Endeavour. Such statements are only
predictions and involve risks and uncertainties, resulting in the
possibility that the actual events or performance will differ
materially from such predictions as a result of certain risk
factors. As such, readers are cautioned not to place undue reliance
on forward-looking statements, which speak only as to management's
plans, assumptions and expectations as of the date hereof. Please
refer to Endeavour's Annual Report on Form 10-K for the year ended
December 31, 2013 filed with the SEC
on March 17, 2014, Form 10-K/A filed
on March 21, 2014 and other filings
for a discussion of material risk factors. Endeavour disclaims any
duty to update or alter any forward-looking statements, except as
required by applicable law.