PDC Energy says board nominees win re-election

|About: PDC Energy, Inc. (PDCE)|By:, SA News Editor

PDC Energy (PDCE -5.7%) says its shareholders re-elected its three board nominees, signaling an end to its proxy fight with 5% shareholder Kimmeridge Energy Management.

PDCE says President and CEO Barton Brookman as well as Mark Ellis and Larry Mazza were elected, according to a preliminary count; Kimmeridge had nominated managing partner Ben Dell and two others for the board.

The P-E firm had slammed PDCE's board, citing what it considered a history of excessive pay and misalignment with shareholders.

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