Matador Resources Co 8-K

What Happened

• Matador Resources Company (through its wholly owned subsidiary MRC Energy Company) filed an 8-K disclosing an Eighth Amendment to its secured revolving Credit Agreement dated June 10, 2026. The Amendment reaffirmed the borrowing base at $3.25 billion and increased the aggregate elected borrowing commitments from $2.25 billion to $2.75 billion. The reaffirmation constituted the regularly scheduled May 1 redetermination.
• The company also reported results of its June 11, 2026 Annual Meeting of Shareholders, including director elections, an advisory vote on 2025 executive compensation, and ratification of KPMG LLP as independent auditor.

Key Details

• Credit Amendment (dated June 10, 2026): borrowing base reaffirmed at $3.25 billion; elected borrowing commitments increased to $2.75 billion (from $2.25 billion).
• Borrower/parties: MRC Energy Company is the borrower; PNC Bank, National Association acts as Administrative Agent; the Amendment is filed as Exhibit 10.1 to the 8-K.
• Annual Meeting (June 11, 2026): 124,200,880 shares outstanding (record date April 13, 2026); 115,739,804 shares represented at the meeting.
• Shareholder votes:
  • Directors elected (Class III, term to 2029): Joseph Wm. Foran — 108,404,472 for / 1,050,044 against / 204,094 abstain (6,081,194 broker non-votes); Reynald A. Baribault — 95,218,912 for / 14,206,253 against / 233,445 abstain (6,081,194 broker non-votes); Timothy E. Parker — 100,184,684 for / 9,240,261 against / 233,665 abstain (6,081,194 broker non-votes).
  • Advisory vote on 2025 executive compensation: 105,024,470 for / 4,302,089 against / 332,051 abstain (6,081,194 broker non-votes).
  • Ratification of KPMG LLP as auditor: 114,318,225 for / 1,164,026 against / 257,553 abstain.

Why It Matters

• The reaffirmed $3.25 billion borrowing base and the increase in elected commitments to $2.75 billion strengthen Matador’s near-term liquidity and borrowing capacity, which can support drilling, operations, midstream activity, or acquisitions without immediately tapping equity markets.
• Shareholder approvals (director elections, auditor ratification and advisory pay vote) provide clarity on governance and continuity for management and oversight. These are routine but material items investors watch for corporate stability and oversight.

For more detail, the Amendment is included as Exhibit 10.1 to the 8-K filing.