OKLAHOMA CITY, March 13, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced that it has reached a settlement agreement with TPG-Axon Capital. Under the terms of the agreement:Four of the TPG-Axon Group's nominees – Stephen C. Beasley, Edward W. Moneypenny, Alan J. Weber and Dan A. Westbrook – will be added to the Board of Directors effective immediately. The Board of Directors will [...]
- Urges Stockholders to Vote in Favor of Proposals to End Value Destruction - - Encourages Stockholders to Join Spectrum of Large and Small Investors in Movement for Change - - Separately Submits Proposals for Stockholder Vote at SandRidge′s Upcoming Annual Meeting -
OKLAHOMA CITY, Feb. 26, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) (the "Company") today announced that it has closed the sale of its Permian Basin properties, excluding assets associated with SandRidge Permian Trust (NYSE: PER), to Sheridan Holding Company II, LLC for total cash proceeds of $2.6 billion. The effective date of the sale is January 1, 2013. During the fourth quarter of 2012, the [...]
- Highlights Poor Financial Performance, Excessive Compensation and Dismal Governance - - Echoes ISS′s Recommendation that SandRidge Stockholders Vote the GREEN Consent Card in Support of TPG-Axon′s Proposals - - TPG-Axon Requests Stockholders Return Their GREEN Consent Cards to Elect Its Full Slate of Nominees -
OKLAHOMA CITY, Feb. 20, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) today sent a letter urging stockholders to support the Company's highly qualified Board and reject the TPG-Axon Group's nominees by signing, dating and returning SandRidge's WHITE consent revocation card.Included below is the full text of the letter to SandRidge stockholders:February 20, 2013Dear Fellow [...]
OKLAHOMA CITY, Feb. 19, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (the "Company" or "SandRidge") (NYSE: SD) announced that one of the nation's leading independent proxy advisory firms, Egan-Jones Proxy Services ("Egan-Jones"), recommends that SandRidge stockholders support the Company's current Board in connection with TPG-Axon's consent solicitation. Egan-Jones supplies proxy voting advisory services to [...]
- Notes Institutional Shareholder Services (ISS) Supports Replacing a Majority of the Board - - Believes New Leadership Needed to Restore Value, Improve Governance, and Reestablish Credibility - - Offers Highlights of Strategic Plan to Maximize Stockholder Value -
- Highlights Underperformance, Management′s Piecemeal Approach To Corporate Strategy and Significant Compensation Issues ? - Notes Failures of Stewardship on Current Board - - TPG-Axon Requests Stockholders Return Their GREEN Consent Cards to Elect Its Full Slate of Nominees -
LONDON, February 15, 2013 /PRNewswire/ --Oil production in the U.S. is expected to rise significantly over the next decade thanks to shale revolution. In fact, the U.S. will become energy independent in the next few years, if forecasts prove correct. For oil and gas drilling & exploration companies such as SandRidge Energy Inc. (NYSE: SD) and Hercules Offshore Inc. (NASDAQ: HERO), the shale revolution in the U.S. offers a [...]
OKLAHOMA CITY, Jan. 28, 2013 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) will release its 2012 fourth quarter and full-year financial and operational results after the close of trading on the New York Stock Exchange on Thursday, February 28, 2013.The company will host a conference call to discuss these results on Friday, March 1, 2013 at 8:00am CST. The telephone number to access the conference call from within the [...]