DALLAS, TX — (Marketwire) — 09/19/12 — HKN, Inc. (NYSE MKT: HKN) (“HKN” or “the Company”) announced that on Monday, September 17, 2012, it filed with the Securities and Exchange Commission a proxy statement containing a shareholder proposal for a reverse split of its common stock.
The annual meeting of stockholders will be held on Monday, October 29, 2012, at the La Quinta Inn and Suites, 22790 Highway 59N, Kingwood, Texas at 10:30 AM local time, to consider the following proposals: election of five directors, a proposal to effect a one-for-forty reverse stock split, and to reduce the number of authorized shares of the Company–s common stock.
HKN shareholders of record on the record date, September 5, 2012, for the annual meeting will be provided with a definitive proxy statement in connection with the reverse stock split and other matters to be acted upon at the annual meeting.
HKN, Inc. is an independent energy company engaged in the development of a well-balanced portfolio of assets in the energy industry and in the active management of its energy-based investments. Additional information may be found at the HKN Web site, . Please e-mail all investor inquiries to .