Vitesse Energy Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders
$VTS
Oil & Gas Production
Energy
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 01, 2025
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Item 5.02 Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 10, 2025, the board of directors of Vitesse Energy Inc. (the “Company”) approved, subject to stockholder approval, an amendment and restatement of the Vitesse Energy Inc. Long Term Incentive Plan, as amended from time to time (the “Amended Plan”). As further described below under Item 5.07 of this Current Report on Form 8-K (this “Report”), the Company’s stockholders approved the Amended Plan at the Company’s 2025 Annual Meeting of Stockholders held on May 1, 2025 (the “Annual Meeting”). As a result, the Amended Plan became effective on May 1, 2025.
The Amended Plan increases the number of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) available for issuance with respect to awards under the Amended Plan by 580,500 shares. The additional shares of the Company’s Common Stock authorized to be delivered under the Amended Plan will be registered pursuant to a registration statement on Form S-8.
The Amended Plan provides for potential grants of (i) incentive stock options (“ISOs”), (ii) stock options that do not qualify as ISOs, (iii) stock appreciation rights, (iv) restricted stock awards, (v) restricted stock units, (vi) awards of vested stock, (vii) dividend equivalents, (viii) other stock-based or cash awards and (ix) substitute awards. Employees, non-employee directors, and other service providers of the Company and its affiliates are eligible to receive awards under the Amended Plan. The Amended Plan provides that, subject to certain exceptions, in a single calendar year, a non-employee director may not be paid compensation, whether denominated in cash or awards, for such individual’s service on the Board in excess of $750,000.
The material terms of the Amended Plan are described in more detail in the section entitled “Proposal No. 3 – Approval of the Vitesse Energy, Inc. Amended and Restated Long Term Incentive Plan” of the Company’s definitive proxy statement for the Annual Meeting, which was filed with the U.S. Securities and Exchange Commission on March 14, 2025 (the “Definitive Proxy Statement”) and is incorporated by reference herein.
The summary of the Amended Plan in this Report does not purport to be a complete description of all provisions of the Amended Plan and is qualified in its entirety by reference to the full text of the Amended Plan, which is filed herewith as Exhibit 10.1 and incorporated into this Item 5.02 by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Company’s stockholders were requested to: (1) elect nine directors to serve on the Company’s Board of Directors for a term of office expiring at the Company’s 2026 Annual Meeting of Stockholders; (2) ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025; and (3) approve an amendment and restatement of the Company’s Long Term Incentive Plan.
The following are the final voting results on proposals considered and voted upon at the Annual Meeting, each of which is more fully described in the Definitive Proxy Statement:
Proposal No. 1 - Election of Directors. Each of the directors that were up for election was elected for a term of one year. Votes regarding the election of these directors were as follows:
| NOMINEE | VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | BROKER NON-VOTES | ||||||||||
| Linda L. Adamany | 18,473,119 | 781,135 | 82,802 | 6,391,936 | ||||||||||
| M. Bruce Chernoff | 19,032,270 | 248,520 | 56,266 | 6,391,936 | ||||||||||
| Brian P. Friedman | 18,136,490 | 1,121,315 | 79,251 | 6,391,936 | ||||||||||
| Robert W. Gerrity | 19,143,261 | 117,683 | 76,112 | 6,391,936 | ||||||||||
| Daniel J. O’Leary | 17,921,757 | 1,343,720 | 71,579 | 6,391,936 | ||||||||||
| Cathleen M. Osborn | 18,538,401 | 712,491 | 86,164 | 6,391,936 | ||||||||||
| Gary D. Reaves | 19,197,696 | 79,253 | 60,107 | 6,391,936 | ||||||||||
| Randy I. Stein | 19,062,743 | 203,130 | 71,183 | 6,391,936 | ||||||||||
| Joseph S. Steinberg | 18,120,030 | 1,151,039 | 65,987 | 6,391,936 | ||||||||||
Proposal No. 2 - Ratification of Independent Registered Public Accounting Firm. Deloitte & Touche LLP was ratified as the Company’s independent registered public accounting firm for 2025. The voting results were as follows:
| VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | ||||||
| 25,528,627 | 134,748 | 65,617 | ||||||
Proposal No. 3 - Approve Amendment and Restatement of the Long Term Incentive Plan. The proposed amendment and restatement of the Vitesse Energy, Inc. Long Term Incentive Plan was approved. The voting results were as follows:
| VOTES FOR | VOTES AGAINST | VOTES ABSTAINED | BROKER NON-VOTES | ||||||||
| 17,827,986 | 1,369,518 | 139,552 | 6,391,936 | ||||||||
Item 9.01. Financial Statements and Exhibits
(c) Exhibits. The following exhibit accompanies this Report:
Exhibit Number | Description | |||||||
| 10.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 6, 2025 | VITESSE ENERGY, INC. | ||||
| /s/ James P. Henderson | |||||
| James P. Henderson | |||||
| Chief Financial Officer | |||||