Website: N/A
Stock Symbol: NYSE: PHX
Market Value: N/A (in millions)
Panhandle Oil and Gas Inc. (“Panhandle” or the “Company”) is an Oklahoma
corporation organized in 1926 as Panhandle Cooperative Royalty Company. In 1979,
Panhandle Cooperative Royalty Company was merged into Panhandle Royalty Company.
Effective April 2, 2007, Panhandle Royalty Company changed its name to Panhandle
Oil and Gas Inc. Panhandle’s original authorized and registered stock consisted
of 100,000 shares of $1.00 par value Class A Common Stock. In 1982, the Company
split the stock on a 10-for-1 basis resulting in 1,000,000 shares of authorized
Class A Common Stock. In May 1999, the Company’s shareholders voted to increase
the authorized Class A Common Stock to 6,000,000 shares and to split the shares
on a three-for-one basis. In addition, voting rights for the shares were changed
from one vote per shareholder to one vote per share.