U.S. Energy Corp. Shareholders Approve Director Appointment

Investors backed executive pay and auditor selection, affirming management’s standing with minimal opposition.

May 21, 2025

Shareholders Deliver Clear Results

When U.S. Energy Corp. convened its 2024 Annual Meeting of Stockholders on May 16, shareholders made their positions clear. All three proposals on the table were approved—each with decisive support—allowing the company to move forward with continued alignment between leadership and investors.

Board Appointment

First up was the re-election of Duane H. King to the company’s Board of Directors. King received over 8.3 million votes in favor, with just over 235,000 votes withheld. Broker non-votes totaled more than 12.8 million but did not factor into the final outcome.

Auditor Ratification

Next, shareholders signed off on the selection of Weaver & Tidwell, L.L.P. as U.S. Energy’s independent auditor for fiscal year 2025. More than 21.1 million shares backed the proposal, with fewer than 213,000 opposed or abstaining combined. That vote locks in the firm’s auditing partner for another year, giving stakeholders consistency in financial oversight.

Executive Compensation Approval

The third item was an advisory vote on executive compensation. More than 8.1 million votes supported the plan, with just over 305,000 votes against and about 70,000 abstentions. Broker non-votes again stood at 12.8 million. This result keeps management’s pay practices on track, reflecting investor support for current compensation structures.

Moving Forward

There were no competing nominees or counterproposals in this meeting. Every vote moved cleanly through the process.

With board representation reaffirmed, audit continuity secured, and executive pay approved, U.S. Energy exits its shareholder meeting with a clear mandate. The company now shifts focus back to its operational goals for 2025, equipped with the governance and investor backing to keep executing.