W&T OFFSHORE INC
For the period ended Jun 14, 2024. Filed Apr 29, 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.
Jun 14, 2024 · Filed Apr 29, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐
Preliminary Proxy Statement
☐
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒
Definitive Proxy Statement
☐
Definitive Additional Materials
☐
Soliciting Material under §240.14a-12
W&T Offshore, Inc.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee paid previously with preliminary materials.
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.
Letter
from the
Chairman and
Chief Executive
Officer
April 29, 2024
Dear Shareholder
It is my pleasure to invite you to the 2024 Annual Meeting of Shareholders of W&T Offshore, Inc. scheduled to be held on June 14, 2024, at 8:00 a.m., Central Daylight Time. The Annual Meeting will be virtual, conducted exclusively via live webcast at www.virtualshareholdermeeting.com/WTI2024. We believe that using a virtual format for the Annual Meeting provides easier and greater access to the Annual Meeting, which enables participation by the broadest number of shareholders, as well as positive environmental impacts. I hope you will attend the virtual meeting.
Details of the business to be conducted at the Annual Meeting are provided in the attached Notice of Annual Meeting and Proxy Statement. Our Board of Directors has determined that owners of record of our Common Stock at the close of business on April 23, 2024, are entitled to notice of, and have the right to vote at, the Annual Meeting and any reconvened meeting following any adjournment, postponement or relocation of the meeting.
We have elected to furnish proxy materials to our shareholders on the Internet pursuant to rules adopted by the Securities and Exchange Commission. We believe these rules enable us to provide you with the information you need, while making delivery more efficient, more cost effective and friendlier to the environment. In accordance with these rules, beginning on or about April 29, 2024, we sent a Notice of Internet Availability of Proxy Materials to our shareholders.
Whether or not you attend the Annual Meeting, it is important that your shares be represented and voted at the meeting. Therefore, I urge you to promptly vote using the Internet or telephone voting procedures described on the Notice of Internet Availability of Proxy Materials or vote and submit your proxy by signing, dating and returning the enclosed proxy card in the enclosed envelope (if you have requested a paper copy of the proxy materials). If you decide to attend the Annual Meeting, you will be able to vote at the Annual Meeting, even if you have previously submitted your proxy.
On behalf of the Board of Directors and our employees, I would like to express my appreciation for your continued interest in our affairs.
Tracy W. Krohn
Chairman of the Board,
Chief Executive Officer and President
Notice of 2024
Annual Meeting of Shareholders
| · Meeting Information · · · · Proposal · · · Board Recommendation · · · More information · | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | Date and Time June 14, 2024, at 8:00 a.m., CDT | | | | 1 | | | To elect six directors to hold office until the 2025 Annual Meeting of Shareholders and until their successors are duly elected and qualified. | | | FOR each nominee | | | 12 | |
| | | | Location www.virtualshareholdermeeting.com/WTI2024 | | | | 2 | | | To approve, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the accompanying Proxy Statement pursuant to Item 402 of Regulation S-K. | | | FOR | | | 20 | |
| | | | Record Date April 23, 2024 | | | | 3 | | | To ratify the appointment of Ernst & Young LLP as our independent registered public accountants for the year ending December 31, 2024. | | | FOR | | | 22 | |
| | | | Proxy Mailing Date On or about April 29, 2024 | | | | | | | | | | | | | | |
We will also transact such other business as may properly come before the meeting and any adjournment or postponement thereof.
We urge you to review the accompanying Proxy Statement carefully and to submit your proxy as soon as possible so that your shares will be represented at the meeting. You may vote your shares in one of the following ways:
| | | | | | | | | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| | Internet | | | Telephone | | | | | In Person | | |
| | Please vote online using the website and personal control number listed on your notice of availability. | | | Please vote by telephone using the toll-free number listed on the proxy card you received in the mail. Please have your proxy card in hand when you call. | | | Please vote by signing, dating and returning your proxy card in the pre-addressed envelope you received in the mail. Signed proxy card must be received by June 13, 2024. | | | Please vote during the virtual Annual Meeting by completing a ballot as directed during the virtual Annual Meeting. | |
By Order of the Board of Directors,
Sameer Parasnis
Executive Vice President and Chief Financial Officer
Houston, Texas
April 29, 2024
Important notice regarding the availability of proxy materials for the shareholders meeting to be held on June 14, 2024
This Notice of Annual Meeting and Proxy Statement and our Annual Report to Shareholders are available at www.proxyvote.com.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.