Item 5.07 Submission of Matters to a Vote of Security Holders

(a) Annual Meeting. On May 19, 2020, The Reserve Petroleum Company (the "Company") held its 2020 Annual Meeting of Stockholders.

(b) Matters Voted Upon; Voting Results. The following matters were submitted for a vote of the Company's stockholders:

1. - Election of Eight Directors






                                                             Broker
  Nominee                   For     Against   Abstentions   Non-votes

  James L. Tyler           84,443       ---           188       6,665
  Robert L. Savage         81,959       ---         2,672       6,665
  Marvin E. Harris, Jr.    84,538       ---            93       6,665
  Jerry L. Crow            84,543       ---            88       6,665
  William M.(Bill) Smith   84,543       ---            88       6,665
  Doug S. Fuller           84,543       ---            88       6,665
  Cameron R. McLain        84,342       ---           289       6,665
  Kyle McLain              84,342       ---           289       6,665

2. - Ratification of the Selection of Hogan 83,465 --- 7,831 ---

Taylor LLP as the Company's Independent
     Registered Public Accountants for 2020

All eight nominated Directors were elected to serve for terms of one year each and the selection of HoganTaylor LLP as the Company's Independent Registered Public Accountants for 2020 was ratified.

For additional information on these proposals, please see the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 16, 2020.




Item 8.01 Other Events

On May 19, 2020, the Company's Board of Directors approved a $5.00 per share cash dividend to be paid June 16, 2020 to the Company's common stockholders of record at the close of business on June 3, 2020.

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