TexCom, Inc. Announces Voting Results of Its 2014 Annual Meeting
HOUSTON, July 28, 2014 /PRNewswire/ -- TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom"), an environmental services company serving the oil and gas industry, is pleased to announce that at its annual meeting convened on June 26, 2014 and reconvened on July 25, 2014, shareholders of the Company voted to elect Stephen J. Barth, Randall K. Lowry, Jr., Wallis T. Marsh, Robert S. May and James Roth to its Board of Directors. The Company's shareholders also approved and ratified a one-for-ten (1-for-10) reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share, and reduction in the number of authorized shares of common stock from 100,000,000 to 50,000,000.
In addition, at the annual meeting, the Company's shareholders ratified the Company's 2014 Stock Incentive Plan and the appointment of GPH CPAs, PC as the Company's independent auditors for the year ending 2014.
Detailed results of the vote are as follows:
| Proposal 1 |
FOR |
AGAINST |
ABSTAIN |
|||
| ELECTION OF DIRECTORS: |
||||||
| Stephen J. Barth |
35,282,091 |
15,949,629 |
||||
| Randall K. Lowry, Jr. |
36,993,665 |
14,238,055 |
||||
| Wallis T. Marsh |
36,976,165 |
14,255,555 |
||||
| Robert S. May |
37,121,165 |
14,110,555 |
||||
| James Roth |
36,987,765 |
14,243,955 |
||||
| Proposal 2 |
FOR |
AGAINST |
ABSTAIN |
|||
| To approve and ratify a one-for-ten (1-for-10) reverse stock split and reduction in the number of authorized shares of Common Stock from 100,000,000 to 50,000,000. |
37,951,786 |
13,277,634 |
2,300 |
|||
| Proposal 3 |
FOR |
AGAINST |
ABSTAIN |
|||
| To ratify the Company's 2014 Stock Incentive Plan. |
36,660,015 |
13,655,706 |
915,999 |
|||
| Proposal 4 |
FOR |
AGAINST |
ABSTAIN |
|||
| To ratify the appointment of GBH CPAs, PC as the Company's auditors for 2014. |
37,130,579 |
12,188,742 |
1,912,399 |
|||
| Proposal 5 |
FOR |
AGAINST |
ABSTAIN |
|||
| Consideration of any matters which may properly come before the Meeting, or any adjournment thereof. |
35,489,303 |
13,743,798 |
1,998,619 |
About TexCom, Inc.
TexCom, headquartered in Houston, Texas, is a growth-oriented environmental services company with a primary focus on the disposal of nonhazardous wastes generated by the oil & gas industry. For more information, please visit www.texcomresources.com.
Forward-Looking Statements
This press release and the presentation referenced above may contain forward-looking statements, including information about management's view of TexCom, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release or such presentation other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of TexCom, Inc., its divisions and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on TexCom's future results. The forward-looking statements included in this press release and the presentation are made only as of the date hereof. TexCom cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, TexCom undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by TexCom.
SOURCE TexCom, Inc.
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