Item 5.07 Submission of Matters to a Vote of Security Holders
PDC Energy, Inc. (the "Company") held its Annual Meeting of the Stockholders (the "Annual Meeting") onMay 24, 2023 . A total of 87,684,367 shares of common stock, or 89.95% of the outstanding shares, were represented virtually or by proxy at the Annual Meeting. The stockholders voted on four proposals at the Annual Meeting. The proposals are described in detail in the Company's definitive proxy statement filed with theSecurities and Exchange Commission onApril 12, 2023 . The final voting results for each of the proposals submitted to a stockholder vote at the Annual Meeting are set forth below. PROPOSAL 1 - Election of Seven Directors. The Company's stockholders elected seven directors to serve for a one-year term expiring at the Company's 2024 annual meeting of stockholders, based on the following voting results: Name For Withheld Broker Non-Vote Barton R. Brookman 75,843,982 527,576 2,505,325 Pamela R. Butcher 69,825,218 6,546,340 2,505,325 Mark E. Ellis 75,332,953 1,038,605 2,505,325 Paul J. Korus 73,585,288 2,786,270 2,505,325 Lynn A. Peterson 74,416,468 1,955,090 2,505,325 Carlos A. Sabater 75,750,307 621,251 2,505,325 Diana L. Sands 71,693,135 4,678,423 2,505,325 PROPOSAL 2 - Approve Executive Officer Compensation. The Company's stockholders approved, on an advisory basis, the 2022 compensation of the Company's named executive officers, based on the following voting results: For Against Abstain Broker Non-Vote 75,083,385 1,243,189 44,984 2,505,325
PROPOSAL 3 - Ratify the Appointment of
For Against Abstain 78,383,970 460,229 32,684 PROPOSAL 4 - Approve Frequency of Advisory Vote on Executive Officer Compensation. The Company's stockholders approved, on an advisory basis, holding an advisory vote on the compensation of the Company's Named Executive Officers on an annual basis, based on the following voting results:
Every One Year Every Two Years Every Three Years Abstain Broker Non-Vote
70,717,023 157,895 5,460,334 36,306 2,505,325 With respect to Proposal #4 and after consideration of the advisory vote of the Company's stockholders at the Annual Meeting, the Company's Board of Directors has determined to continue to hold the advisory stockholder vote on the compensation of the Company's Named Executive Officers on an annual basis.
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