MDU Resources Group, Inc. (MDU) files 8-K

MDU Resources Group, Inc. (NYSE:MDU) Logo

MDU Resources Group, Inc. (MDU) files 8-K in a filing on May 08 accessible here.

Item 5.03      Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

MDU Resources Group, Inc.’s (the ‘Company’) Annual Meeting of Stockholders (the ‘Annual Meeting’) was held on May 7, 2019, at which the Company’s stockholders approved (i) an amendment to the restated certificate of incorporation (the ‘Restated Certificate of Incorporation’) of Montana-Dakota Utilities Co., formerly known as MDU Resources Group, Inc. (‘Montana-Dakota’), to remove a provision that requires the vote of the stockholders of the Company, in addition to the vote of Montana-Dakota’s sole stockholder, in order for Montana-Dakota to take certain actions (the ‘Pass-Through Provision’), and (ii) amendments to update and modernize the Company’s amended and restated certificate of incorporation, including removing the requirement of action by a two-thirds vote of continuing directors for certain board actions (collectively, the ‘Company Charter Amendments’). In connection therewith, on May 7, 2019, (i) Montana-Dakota’s sole stockholder filed a certificate of amendment to the Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the ‘Secretary of State’) to remove the Pass-Through Provision and (ii) the Company filed an amended and restated certificate of incorporation (the ‘Amended and Restated Certificate of Incorporation’) with the Secretary of State to effectuate the Company Charter Amendments.

The foregoing descriptions of the Certificate of Amendment and the Amended and Restated Certificate of Incorporation do not purport to be complete and are subject to, and are qualified in their entirety by reference to, the full text of the Certificate of Amendment and the Amended and Restated Certificate of Incorporation, which are filed as Exhibit 3.1 and Exhibit 3.2, respectively, to this Current Report on Form 8-K, and each of which is incorporated herein by reference.

All of the Company’s nominees were elected, having received more votes cast ‘for’ their election than ‘against’ their election.

The proposal was approved, on a non-binding advisory basis, having received the affirmative vote of a majority of the common stock present in person or represented by proxy at the meeting and entitled to vote on the proposal.

The proposal was approved, having received the affirmative vote of a majority of the common stock present in person or represented by proxy at the meeting and entitled to vote on the proposal.

The proposal was approved, having received the affirmative vote of a majority of the outstanding shares of common stock.

The proposal was approved, having received the affirmative vote of a majority of the outstanding shares of common stock.

Exhibit Number Description  3.1 Certificate of Amendment of Montana-Dakota Utilities Co. 3.2 Amended and Restated Certificate of Incorporation of MDU Resources Group, Inc.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The stock decreased 0.21% or $0.06 during the last trading session, reaching $25.9. About 440,292 shares traded. MDU Resources Group, Inc. (NYSE:MDU) has risen 0.87% since May 8, 2018 and is uptrending. It has underperformed by 3.50% the S&P500.

MDU Resources Group, Inc. engages in regulated energy delivery, and construction materials and services businesses in the United States. The company has market cap of $5.13 billion. The firm operates through five divisions: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. It has a 18.75 P/E ratio. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.

Investors sentiment increased to 1.27 in Q4 2018. Its up 0.01, from 1.26 in 2018Q3. It improved, as 24 investors sold MDU Resources Group, Inc. shares while 85 reduced holdings. 42 funds opened positions while 96 raised stakes. 128.04 million shares or 4.72% more from 122.26 million shares in 2018Q3 were reported.
Mason Street Advsr Llc holds 102,675 shares. Oregon Pub Employees Retirement Fund, Oregon-based fund reported 1.84M shares. Benjamin F Edwards & stated it has 2,797 shares or 0.01% of all its holdings. 1.25 million were reported by Charles Schwab Mngmt. Chicago Equity Prtn Lc invested 0.1% of its portfolio in MDU Resources Group, Inc. (NYSE:MDU). The Massachusetts-based Geode Cap Mngmt Limited Company has invested 0.02% in MDU Resources Group, Inc. (NYSE:MDU). Natl Bank accumulated 12,036 shares. Natixis holds 292,054 shares or 0.06% of its portfolio. Mirae Asset Global Limited holds 59,920 shares or 0.01% of its portfolio. Eaton Vance Mgmt stated it has 0% of its portfolio in MDU Resources Group, Inc. (NYSE:MDU). Old Republic Intll Corporation invested 0.93% in MDU Resources Group, Inc. (NYSE:MDU). Moody National Bank & Trust Trust Division reported 0% stake. Td Asset holds 0% in MDU Resources Group, Inc. (NYSE:MDU) or 102,779 shares. Royal National Bank & Trust Of Canada invested in 0% or 256,464 shares. Metropolitan Life Insur, a New York-based fund reported 56,067 shares.

Since March 14, 2019, it had 1 insider purchase, and 0 sales for $77,250 activity.

More notable recent MDU Resources Group, Inc. (NYSE:MDU) news were published by: Globenewswire.com which released: “Investor Expectations to Drive Momentum within GoDaddy, MDU Resources Group, Enerplus, Quorum Health, Resonant, and TOCAGEN INC — Discovering Underlying Factors of Influence – GlobeNewswire” on April 16, 2019, also Finance.Yahoo.com with their article: “Here is What Hedge Funds Really Think About Ceridian HCM Holding Inc. (CDAY) – Yahoo Finance” published on April 23, 2019, Seekingalpha.com published: “Continue Snoozing On MDU Resources – Seeking Alpha” on July 31, 2018. More interesting news about MDU Resources Group, Inc. (NYSE:MDU) were released by: Seekingalpha.com and their article: “MDU Resources Group, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 06, 2019 as well as Seekingalpha.com‘s news article titled: “MDU Resources Group, Inc. (MDU) CEO Dave Goodin on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: February 06, 2019.

MDU Resources Group, Inc. (NYSE:MDU) Institutional Positions Chart

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