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Hallador Energy Company (NASDAQ:HNRG), which has delivered an impressive 92% return over the past year according to InvestingPro data, announced Monday that its shareholders have approved the Second Amended and Restated 2008 Restricted Stock Unit Plan. This decision was made during the company’s annual meeting held in Lone Tree, Colorado, on May 29, 2025.
The approved plan increases the number of shares available for issuance by 2,000,000 and extends the plan’s term until May 29, 2035. The plan, initially adopted by the Board of Directors, required shareholder approval, which was obtained during the meeting. The plan aims to facilitate stock-based awards in the form of restricted stock units (RSUs) to eligible participants. With a market capitalization of $762 million and trading near its 52-week high of $19.71, InvestingPro analysis suggests the stock is currently trading above its Fair Value.
Additionally, the shareholders elected directors to serve until the 2026 annual meeting. Brent K. Bilsland, Zarrell Gray, David C. Hardie, Bryan H. Lawrence, David J. Lubar, and Charles R. Wesley, IV were elected as directors.
In other matters, the shareholders approved an advisory vote on executive compensation and ratified the appointment of Grant Thornton as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
The meeting saw a total of 34,782,299 shares present, representing 80.93% of the total outstanding shares eligible to vote. The information is based on a press release filed with the Securities and Exchange Commission. For deeper insights into Hallador Energy’s financial health and valuation metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Hallador Energy reported its Q1 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.23, compared to a forecasted loss of $0.13. Revenue reached $117.8 million, exceeding the anticipated $100.25 million, marking a 5.6% year-over-year growth and a 24.2% sequential increase. The company also highlighted significant improvements in operating cash flow and adjusted EBITDA. Despite these positive financial results, Hallador Energy faced a setback as a major agreement with a global data center developer was terminated. This termination was disclosed in a filing with the SEC and was initially positioned as a strategic move for the company. In another development, Northland analysts began coverage of Hallador Energy, assigning an Outperform rating and setting a price target of $23.00. They noted the company’s strategic moves, including ongoing negotiations for a long-term data center contract, as potential catalysts for future growth. As Hallador Energy continues to explore other opportunities, investors are closely monitoring developments that may influence the company’s performance.
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