12 May 2016director officer appointment● NeutralMajor
CFO Don McCormack resigned after less than a year in the role, effective June 2, 2016; VAALCO said the departure was unrelated to accounting or disclosure issues.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 May 2016quarterly activities report▼ Bad
VAALCO ENERGY INC /DE/ reported a quarterly net loss of $7.6 million for the period ended 2016-03-31.
6 May 2016quarterly activities report▼ Bad
VAALCO ENERGY INC /DE/ reported a quarterly net loss of $7.6 million for the period ended 2016-03-31.
2 May 2016substantial holder notice● Neutral
LONE STAR VALUE INVESTORS, LP, LONE STAR VALUE INVESTORS GP, LLC, LONE STAR VALUE MANAGEMENT, LLC, JEFFREY E. EBERWEIN disclosed a new substantial VAALCO shareholding of 3,750,000 shares (6.40% of votes).
26 Apr 2016other material event▲ Good
The Delaware Court of Chancery dismissed the consolidated shareholder class action filed against VAALCO in December 2015 amid the Group 42/BLR board dispute, closing out that litigation.
22 Apr 2016agm notice● Neutral
VAALCO ENERGY INC /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
22 Apr 2016agm notice● Neutral
VAALCO ENERGY INC /DE/ announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
22 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Operating Officer Cary M Bounds received a stock option grant for 359,160 shares.
22 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Controller and Princ Acct Off Elizabeth D Prochnow received a stock option grant for 54,945 shares.
22 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer Steven P Guidry received a stock option grant for 704,250 shares.
22 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Financial Officer Don O. Mccormack received a stock option grant for 343,350 shares.
22 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ VP, Gen Counsel and Corp Sec Eric J Christ received a stock option grant for 223,950 shares.
16 Mar 2016annual report▼ BadMajor
VAALCO's delayed annual report for fiscal 2015 showed a net loss of about $158.7 million - its worst year on record, driven by asset write-downs during the oil-price crash and coinciding with its board fight with activist investors Group 42/BLR Partners.
15 Mar 2016late filing notice▼ Bad
VAALCO ENERGY INC /DE/ notified the SEC that its annual report would be filed late.
15 Mar 2016other● Neutral
The board adopted a new 2016 Stock Appreciation Rights Plan for employee and director compensation.
7 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer Steven P Guidry had 3,031 shares withheld for taxes on vesting stock.
4 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ Chief Executive Officer Steven P Guidry had 6,558 shares withheld for taxes on vesting stock.
4 Mar 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ VP, Gen Counsel and Corp Sec Eric J Christ had 2,090 shares withheld for taxes on vesting stock.
4 Mar 2016debt financing● Neutral
The borrowing base under VAALCO's revolving credit facility with the International Finance Corporation was reset at $20.1 million in the regular semi-annual redetermination, with all covenants unchanged.
22 Feb 2016substantial holder notice● Neutral
State Street Corporation reported its annual VAALCO institutional shareholding as of December 31, 2015.
9 Feb 2016substantial holder notice▼ Bad
Dimensional Fund Advisors reduced its reported VAALCO shareholding to 2,512,356 shares (4.3% of votes).
8 Jan 2016listing compliance notice● Neutral
VAALCO formally terminated the SEC registration of its Preferred Share Purchase Rights, completing the wind-down of the rights plan adopted in September 2015 and terminated that December.
4 Jan 2016director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Alfred John Knapp Jr. bought 20,000 shares on the open market at $1.47.
31 Dec 2015substantial holder notice● Neutral
Kornitzer Capital Management disclosed a substantial VAALCO shareholding of 4,570,210 shares.
28 Dec 2015substantial holder notice● Neutral
Paul A. Bell, BLR Partners LP, BLRPart, LP, BLRGP Inc, Fondren Management, LP, FMLP Inc, The Radoff Family Foundation, Bradley L. Radoff, Pete J. Dickerson, Michael Keane, Joshua E. Schechter reported a VAALCO shareholding of 4,114,305 shares (7.00% of votes) in a periodic institutional filing.
24 Dec 2015listing compliance notice● Neutral
The NYSE notified the SEC it was removing VAALCO's Preferred Stock Purchase Rights from listing, since all such rights were extinguished when the shareholder rights plan was terminated in the December 22, 2015 settlement.
24 Dec 2015listing compliance notice● Neutral
A same-day amended version of the NYSE's notice removing VAALCO's terminated Preferred Stock Purchase Rights from listing.
23 Dec 2015director officer appointment● NeutralMajor
VAALCO settled a board-composition dispute with activist investor Bradley Radoff's Group 42/BLR Partners entities: directors James Jennings and O. Donaldson Chapoton resigned, Andrew Fawthrop became Chairman, the shareholder rights plan was terminated, and bylaws were amended - years before Radoff himself joined the board directly in 2020 and later sold down his stake in 2021.
23 Dec 2015director interest notice● Neutral
Alfred John Knapp Jr. became a VAALCO ENERGY INC /DE/ director and company insider (initial ownership filing).
23 Dec 2015director interest notice● Neutral
VAALCO ENERGY INC /DE/ director Alfred John Knapp Jr. received 11,613 shares as part of the equity award.