Amplify Energy Corp | Achieve a sale, merger, or orderly liquidation of the corporation to maximize shareholder value

Status
Omitted
AGM date
Resolution details
Company ticker
AMPY
Lead filer
Individual
Resolution ask
Other ask
ESG theme
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company HQ country
United States
Resolved clause
Resolved, that the shareholders of Amplify Energy Corp. (“Amplify”) assembled at the 2025 annual meeting, hereby recommend that the board of directors of the company take the necessary steps to achieve a sale, merger, or orderly liquidation of the corporation on terms which will maximize shareholder value in two years or less.
Supporting statement
The company’s current board chairman, Christopher W. Hamm, was a founder of Amplify’s predecessor entity, Memorial Production Partners L.P., which was an absolute financial disaster for public partnership unit holders. Investors in the partnership’s $200 Million 2011 initial public offering were essentially wiped out in a 2017 bankruptcy. And HOLDERS OF THE COMPANY’S BONDS LOST MORE THAN A BILLION DOLLARS! This MONEY LOSER should be nowhere near the purse strings of our company or its assets. And after the company is sold, merged, or liquidated, he will no longer have an opportunity to squander Amplify investor wealth.

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