Mexco Energy Corp Approves Amended 2019 Employee Incentive Stock Plan

What Happened
Mexco Energy Corporation (MXC) announced that at its Annual Meeting of Stockholders on September 8, 2026, shareholders approved the Mexco Energy Corporation Amended and Restated 2019 Employee Incentive Stock Plan. The Plan had been previously approved by the Board of Directors pending shareholder approval and is described in the Company’s Definitive Proxy Statement filed July 30, 2026.

Key Details

• Date of approval: September 8, 2026 (Annual Meeting of Stockholders).
• Plan: Amended and Restated 2019 Employee Incentive Stock Plan (description in the July 30, 2026 Proxy Statement; full text filed as Exhibit A to that Proxy).
• Award agreements: The Compensation Committee approved two forms of award agreement for stock option grants under the Plan — one with a four-year vesting schedule (Exhibit 10.1) and one with one‑third vesting at grant and the remaining two one‑third installments on each of the first two anniversaries (Exhibit 10.2).
• Filing: The award agreement forms are filed as Exhibits 10.1 and 10.2 to the current Form 8‑K; the Plan text is incorporated by reference from the Proxy Statement.

Why It Matters
Shareholder approval allows Mexco to implement the amended equity compensation plan and to grant stock option awards under the newly approved award agreements. For investors, this is relevant because equity awards can affect executive compensation, employee retention incentives, and potential future share dilution; the specific vesting schedules indicate how quickly option recipients may realize equity. Review the Plan (Exhibit A to the Proxy) and the Award Agreements (Exhibits 10.1 and 10.2) for full terms and any provisions that could affect dilution or insider holdings.