07/27/2026 | Press release | Distributed by Public on 07/27/2026 13:11
Item 5.07. Submission of Matters to a Vote of Security Holders.
On July 24, 2026, the Annual Meeting of Stockholders of New Concept Energy, Inc. ("NCE" or the "Issuer" or the "Registrant") was called to be held following a solicitation of proxies, pursuant to a Notice of Annual Meeting and related Proxy Statement, each dated June 22, 2026 distributed in accordance with the requirements of Regulation 14A under the Securities Exchange Act of 1934, as amended. On the record date of June 19, 2026 a total of 5,131,934 shares of Common Stock and 559 shares of Series B Preferred Stock was outstanding, with each share entitled to cast one vote.
At the Annual Meeting, which involves only the election of directors, the ratification of the appointment of the independent registered public accounting firm and the proposed sale of 2,000,000 shares of common stock to one party, after the call to order, it was determined that fewer than the requisite properly executed and valid proxies to establish a quorum had been received prior to the time of the meeting. The Chair of the meeting recessed the Annual Meeting until August 21, 2026 at 10:30 a.m. in order to allow the further solicitation of proxies of stockholders entitled to cast at least 2,566,247 votes. During the recess, management and members of the Board of Directors of the Issuer will attempt to obtain additional proxies covering in number at least the quorum number.