8-KOther Events

Cheniere Energy, Inc. 8-K Report, Corporate Update (Jun 20, 2014)

Filed June 20, 2014For Securities:LNG

Summary

Cheniere Energy, Inc. (LNG) filed an 8-K on June 20, 2014, to announce a significant update regarding its 2014 Annual Meeting of Stockholders. The meeting, originally scheduled for June 12, 2014, has been postponed to September 11, 2014. This postponement is notable as it pushes the meeting more than 30 days past the anniversary of the prior year's annual meeting, triggering new deadlines for submitting stockholder proposals and for the company to reserve its discretionary voting authority on unspecified proposals.

Key Highlights

  • 1Annual Meeting Postponement: The 2014 Annual Meeting of Stockholders has been rescheduled from June 12, 2014, to September 11, 2014.
  • 2New Proxy Proposal Deadline: Due to the postponement exceeding a 30-day window, a new deadline of July 3, 2014, has been set for receiving stockholder proposals intended for inclusion in the company's proxy materials.
  • 3Discretionary Voting Authority Deadline: The company has also established July 3, 2014, as the new deadline for stockholders to submit proposals that would prevent the company from exercising its discretionary authority to vote on those matters at the annual meeting.
  • 4Rule 14a-8 Compliance: The changes in deadlines are in accordance with Rule 14a-8 of the Securities Exchange Act of 1934 concerning stockholder proposals.
  • 5Rule 14a-4(c)(1) Compliance: The new deadline for discretionary voting authority is in compliance with Rule 14a-4(c)(1) of the Exchange Act.

Frequently Asked Questions

Cheniere Energy postponed its 2014 Annual Meeting of Stockholders from June 12, 2014, to September 11, 2014. The filing states this is a procedural update related to the timing of the meeting relative to the prior year's meeting.

The new deadline for stockholders to submit proposals for inclusion in Cheniere Energy's proxy materials for the 2014 Annual Meeting is the close of business on July 3, 2014. This deadline is adjusted because the rescheduled meeting falls more than 30 days after the anniversary of the prior year's annual meeting.

Yes, the postponement also impacts the deadline for the company to preserve its discretionary authority to vote on any other proposals not timely received. This deadline is also July 3, 2014, as per Rule 14a-4(c)(1) of the Exchange Act.