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Blue Dolphin Energy elects directors and ratifies auditor at annual meeting

Published 01/07/2025, 19:34
Blue Dolphin Energy elects directors and ratifies auditor at annual meeting
BDCO
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Blue Dolphin Energy Company (OTCQX:BDCO) held its annual meeting of stockholders on June 26, 2025. According to a press release statement, shareholders voted to elect five directors to the board and ratified the selection of UHY LLP as the company’s independent public accounting firm for the fiscal year ending December 31, 2025.

The director nominees elected to serve until the next annual meeting, or until their successors are duly qualified, are Jonathan P. Carroll, Amitav Misra, Christopher T. Morris, Ryan A. Bailey, and Herbert N. Whitney. These elections come at a crucial time as InvestingPro analysis reveals the company faces significant challenges, including substantial debt burden and rapid cash burn. Voting results for each nominee were as follows:

  • Jonathan P. Carroll received 12,515,137 votes for, 335 against, and 80,584 broker non-votes.
  • Amitav Misra received 12,515,072 votes for, 400 against, and 80,584 broker non-votes.
  • Christopher T. Morris received 12,514,637 votes for, 835 against, and 80,584 broker non-votes.
  • Ryan A. Bailey received 12,514,672 votes for, 800 against, and 80,584 broker non-votes.
  • Herbert N. Whitney received 12,515,172 votes for, 300 against, and 80,584 broker non-votes.

Stockholders also ratified the appointment of UHY LLP as the company’s independent auditor for the 2025 fiscal year. The proposal received 12,596,056 votes in favor, 290 against, and no abstentions or broker non-votes.

No other business was presented or discussed during the annual meeting. The information is based on a statement included in the company’s recent SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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