SandRidge Energy recommends shareholders to vote "FOR" all five directors
SandRidge Energy announced that it has sent a letter to shareholders regarding the Company's 2018 Annual Meeting of Shareholders to be held on June 19. The Company also announced that it has filed definitive proxy materials with the SEC in connection with the Annual Meeting, in which SandRidge shareholders of record as of the close of business on April 20 will be entitled to vote. The SandRidge Board of Directors strongly recommends that shareholders vote on the WHITE proxy card "FOR" all five of SandRidge's highly-qualified directors: Sylvia K. Barnes, Kenneth H. Beer, Michael L. Bennett, William M. Griffin and David J. Kornder. The Board also recommends that shareholders vote "FOR" the addition of only two independent directors proposed by Icahn Capital. The Board has already carefully vetted and offered to appoint John J. "Jack" Lipinski and Randolph C. Read as directors in connection with a settlement proposal that Icahn Capital refused. The Board also recommends shareholders vote "FOR" the ratification of the continuation of the short-term shareholder rights plan through November 26 to protect shareholders from unfair, abusive or coercive takeover strategies, including acquisition of control without payment of an adequate premium, while the Board continues its review of strategic alternatives to maximize shareholder value.