HOUSTON, May 22, 2012 (GLOBE NEWSWIRE) -- Eagle Rock Energy Partners, L.P. (Nasdaq:EROC) (the "Partnership") announced today that its 2012 annual meeting of unitholders scheduled for May 22, 2012, was adjourned to June 8, 2012, at 9:00 a.m., local time, at 1415 Louisiana Street, The Wedge Tower, Suite 2700, Houston, Texas 77002.
The current voting results reflect that the Partnership's unitholders have been voting with management's recommendations at a rate of over 97% for each of the three proposals.
The meeting was adjourned with respect to all three proposals on account of lack of requisite quorum to act on the proposal regarding election of Elected Directors, notwithstanding achievement of quorum with respect to the other two proposals. Quorum is more difficult to achieve for the election of Elected Directors because certain affiliated parties (with substantial holdings) are unable to vote on such proposal and are not counted as present or outstanding for purposes of calculating quorum for such proposal.
The Partnership is continuing to solicit proxies with respect to all three proposals of the Partnership (i.e., the election of Elected Directors, the approval of named executive officer compensation, and the ratification of KPMG LLP as the independent registered public accounting firm of the Partnership).
The unitholders of record on March 26, 2012, the record date for the annual meeting, will continue to be the unitholders entitled to vote at the adjourned meeting.
About the Partnership
The Partnership is a growth-oriented master limited partnership engaged in two businesses: a) midstream, which includes (i) gathering, compressing, treating, processing and transporting natural gas; (ii) fractionating and transporting natural gas liquids (NGLs); (iii) crude oil logistics and marketing; and (iv) natural gas marketing and trading; and b) upstream, which includes exploiting, developing, and producing hydrocarbons in oil and natural gas properties.