$RSRV·8-K

RESERVE PETROLEUM CO · May 20, 10:58 AM ET

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RESERVE PETROLEUM CO 8-K

Research Summary

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Updated

Reserve Petroleum Co. Reports 2026 Annual Meeting Results, Declares Dividend

What Happened
Reserve Petroleum Company (RSRV) filed an 8-K reporting results from its May 19, 2026 Annual Meeting of Stockholders. All eight nominated directors were elected to one-year terms, the selection of HoganTaylor LLP as the company’s independent registered public accountants for 2026 was ratified, and the company announced a cash dividend payable June 16, 2026 to holders of record on June 3, 2026. The filing was signed by Principal Executive Officer Cameron R. McLain on May 19, 2026.

Key Details

  • Eight directors were elected to one-year terms (examples of vote totals): James L. Tyler — 79,274 for, 0 against, 22 abstentions, 10,896 broker non-votes; Robert L. Savage — 70,427 for, 8,869 against, 10,896 broker non-votes.
  • HoganTaylor LLP was ratified as independent auditors: 77,708 for, 391 against, 2,445 abstentions.
  • A cash dividend will be paid on June 16, 2026 to common stockholders of record at the close of business on June 3, 2026 (the per‑share amount was not specified in the filing).
  • The definitive proxy with additional details was filed April 17, 2026.

Why It Matters
Elections and auditor ratification confirm the company’s governance and continuity for the coming year—important for investors watching board oversight and financial reporting. The announced dividend payment date and record date are relevant for income-seeking shareholders who need to hold shares through June 3, 2026 to qualify for the payout. Vote totals (including broker non‑votes) provide transparency on shareholder support for directors and the auditor.

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