MEXCO ENERGY CORP
For the period ended Jul 22, 2024. Filed Jul 22, 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.
Jul 22, 2024 · Filed Jul 22, 2024
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DEF 14A 1 formdef14a.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
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 Pursuant to §240.14a-12 |
MEXCO ENERGY CORPORATION
(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):
| ☒ | No fee required. |
|---|---|
| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| ☐ | Fee paid previously with preliminary materials. |
MEXCO ENERGY CORPORATION
415 W. Wall, Suite 475
Midland, Texas 79701
(432) 682-1119
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To be held September 10, 2024
TO THE STOCKHOLDERS OF MEXCO ENERGY CORPORATION:
Notice is hereby given that the Annual Meeting of the Stockholders of MEXCO ENERGY CORPORATION (referred to herein as the “Company” or “Mexco”) will be held at the Company’s principal office located at 415 West Wall, Suite 475, Midland, Texas 79701, at 2:00 p.m. on September 10, 2024, for the following purposes:
Electing Directors of the Company.
Ratifying the selection of Weaver and Tidwell, L.L.P. as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2025.
Voting upon a non-binding advisory resolution regarding the compensation of our named executive officers as disclosed in this Proxy Statement.
Considering all other matters as may properly come before the meeting.
The Board of Directors has fixed the close of business on July 22, 2024 as the record date for the determination of stockholders entitled to notice of and to vote at the meeting and at any adjournment or adjournments thereof.
DATED this 22 nd day of July, 2024.
BY ORDER OF THE BOARD OF DIRECTORS
STACY D. HARDIN, Secretary
**To be sure your shares are represented at the Annual Meeting of Stockholders, please vote by completing, dating, signing and returning your pre-addressed postage-paid Proxy Card as soon as possible. You may also vote by internet or by telephone. See the enclosed proxy card for more information. Any stockholder granting a proxy may revoke the same at any time prior to its exercise by executing a subsequent proxy or by written notice to the Secretary of the Company or by attending the meeting and by withdrawing the proxy. You may vote in person at the Annual Meeting of Stockholders even if you send in your Proxy Card. The ballot you submit at the meeting will supersede any prior vote. **
**Important Notice Regarding the Availability of Proxy Materials for the
Shareholder Meeting to be Held on September 10, 2024:
**Our Annual Report on Form 10-K and this Proxy Statement are available at
www.iproxydirect.com/MXC
TABLE OF CONTENTS
| Proxy Information | 4 | |
|---|---|---|
| Solicitation of Proxy | 4 | |
| Purpose of Meeting | 4 | |
| Voting Rights | 4 | |
| Access to Reports | 6 | |
| Householding | 6 | |
| Proposal 1: Election of Directors | 6 | |
| Mexco Energy Corporation Board of Directors | 6 | |
| Director Qualifications | 8 | |
| Director Compensation | 8 | |
| Corporate Governance | 9 | |
| Code of Business Conduct | 9 | |
| Director Independence | 9 | |
| Board Leadership Structure and Board’s Role in Risk Oversight | 9 | |
| Meetings and Committees of Board of Directors | 10 | |
| Compensation Committee Interlocks and Insider Participation | 11 | |
| Executive Officers & Compensation | 11 | |
| Named Executive Officers Who Are Not Directors | 11 | |
| Executive Compensation | 11 | |
| Compensation Discussion and Analysis | 12 | |
| Compensation Committee Report | 14 | |
| Employee Incentive Stock Plan | 14 | |
| Option Grants for Fiscal 2024 | 15 | |
| Option Exercises for Fiscal 2024 | 15 | |
| Outstanding Equity Awards at Fiscal Year-End 2024 | 15 | |
| Certain Relationships and Related Party Transactions | 16 | |
| Proposal 2: Ratification of Selection of Independent Registered Public Accounting Firm | 16 | |
| Audit Fees and Services | 17 | |
| Report of the Audit Committee | 17 | |
| Proposal 3: Advisory Vote on Executive Compensation | 18 | |
| Security Ownership of Certain Beneficial Owners and Management | 19 | |
| Section 16(a) Beneficial Ownership Reporting Compliance 19 | 19 | |
| Stockholders Proposals for Next Annual Meeting | 19 | |
| Other Matters | 20 |
MEXCO ENERGY CORPORATION
415 W. Wall, Suite 475
Midland, Texas 79701
PROXY STATEMENT
ANNUAL MEETING OF STOCKHOLDERS
To Be Held Tuesday, September 10, 2024
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.