RESERVE PETROLEUM CO
For the period ended May 21, 2024. Filed Apr 18, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 21, 2024 · Filed Apr 18, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(Rule 14a-101)
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrantx
Filed by a Party other than the Registranto
Check the appropriate box:
| o | Preliminary Proxy Statement |
|---|---|
| o | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| x | Definitive Proxy Statement |
| o | Definitive Additional Materials |
| o | Soliciting Material Pursuant to § 240.14a-12 |
THERESERVE PETROLEUM COMPANY
(Name of Registrant as Specified in Its Charter)
Payment of Filing Fee (Check the appropriate box):
| x | No fee required. |
|---|---|
| o | Fee paid previously with preliminary materials. |
| o | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i) (1) and 0-11. |
Notice of 2024
Annual Meeting
and
Proxy Statement
6801 Broadway Ext., Suite 300
Oklahoma City, Oklahoma 73116-9037
April 18, 2024
Dear Stockholder:
On behalf of the Board of Directors, it is my pleasure to invite you to attend the 2024 Annual Meeting of Stockholders of The Reserve Petroleum Company on Tuesday, May 21, 2024, at 3:00 p.m. local time, in Oklahoma City, Oklahoma. Information about the Annual Meeting is presented in the following pages.
The Annual Meeting will begin with a discussion and vote on the matters set forth in the accompanying Notice of 2024 Annual Meeting of Stockholders and Proxy Statement, followed by a discussion on any other business matters that are properly brought before the Annual Meeting.
Your vote is very important. We encourage you to read the Proxy Statement and vote your shares as soon as possible. Whether or not you plan to attend, you can be sure your shares are represented at the Annual Meeting by promptly voting online per the instructions on the enclosed Proxy Card or by completing, signing, dating and returning your Proxy Card in the enclosed envelope.
This Proxy Statement and the Company’s 2023 Annual Report on Form 10-K are also available on the website https://materials.proxyvote.com/761102 and on the Company’s website http://www.reserve-petro.com.
If you need special assistance at the Annual Meeting because of a disability, please contact Lawrence R. Francis, Secretary, at (405) 848-7551, Ext. 303.
Thank you for your continued support of The Reserve Petroleum Company. We look forward to seeing you on May 21st.
Sincerely,
Kyle McLain
Chairman of the Board
i
TABLE OF CONTENTS
| Page | |
|---|---|
| Important Voting Information | ii |
| Notice of 2024 Annual Meeting of Stockholders | iii |
| Proxy Statement | 1 |
| General | 1 |
| Solicitation of Proxies | 1 |
| Voting Rights and Outstanding Shares | 1 |
| •Proposal 1 – Election of Directors | 2 |
| Information Relating to Directors, Nominees and Executive Officers | 2 |
| Security Ownership of Certain Beneficial Owners and Management | 6 |
| Information Relating to the Board of Directors and Committees | 7 |
| Executive Compensation | 9 |
| Code of Ethics for Senior Officers | 11 |
| Information Regarding Communications with Auditors | 11 |
| •Proposal 2 – Ratification of the Selection of HoganTaylor LLP as the Company’s Independent Registered Public Accountants for 2024 | 12 |
| Additional Information | 13 |
To be voted on at the Annual Meeting
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.