Granite Ridge Resources Inc

1. 1

   Approve the Reincorporation of the Company to the State of Texas by Conversion

   ManagementBoard: FOR

   Approve the Texas Reincorporation: convert Granite Ridge from a Delaware corporation to a Texas corporation, including approval of the Plan of Conversion and adoption of the Texas Certificate of Formation and Texas Bylaws; each outstanding Delaware share will convert into one Texas share; no change in ticker or economic rights.

   More detail

   This management proposal seeks shareholder approval to convert Granite Ridge Resources, Inc. from a Delaware corporation to a Texas corporation via a statutory conversion under Delaware and Texas law. Management and an independent Special Committee concluded the move aligns the Company’s legal domicile with its operational footprint in Texas, leverages recent Texas statutory reforms (including codification of the business judgment rule and the Texas Business Court) to increase predictability and potentially insulate against opportunistic litigation, and may modestly reduce costs (notably eliminating Delaware franchise tax obligations). The Plan of Conversion preserves economic rights (one Delaware share converts into one Texas share), retains NYSE listing and ticker, and does not change headquarters, management, operations, or employment. The proposed Texas Charter and Bylaws adopt certain Texas-specific governance provisions: a 3% ownership threshold for derivative suits, a 50% threshold for calling special meetings, exclusive forum selection in Texas Business Court, and stock ownership requirements for shareholder proposals if and when the TBOC permits. The Board and the Special Committee both unanimously recommended the Proposal. Detractors may raise concerns about the limits on derivative litigation, exclusive forum choice, and heightened ownership thresholds for shareholder proposals and special meetings; proxy advisors may scrutinize these governance trade-offs. Approval requires a majority of outstanding shares; abstentions count as votes against. The board recommends a FOR vote, citing alignment, legal predictability, and litigation risk reduction as key rationales.

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When is the Granite Ridge Resources Inc 2026 special meeting?

Granite Ridge Resources Inc (GRNT) holds its 2026 special shareholder meeting on Tuesday, August 4, 2026.

What is the record date for the Granite Ridge Resources Inc 2026 meeting?

The record date for the Granite Ridge Resources Inc 2026 meeting is Monday, June 15, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Granite Ridge Resources Inc's 2026 meeting?

The board is presenting 7 director nominees at the Granite Ridge Resources Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Granite Ridge Resources Inc 2026 meeting?

Shareholders will vote on 1 proposal at the Granite Ridge Resources Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.