Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 30

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 30
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(1) Ms. Roesener has notified the Board of her decision to retire from the Board effective April 14, 2025.

### AUDIT COMMITTEE
Pursuant to its charter, the Audit Committee’s principal functions are as follows:

■ Oversee the quality, integrity and reliability of our financial statements and other financial information we provide to any governmental body or the public;

■ Select, hire, and oversee our independent registered public accounting firm and to approve the compensation paid to our independent registered public accounting firm;

■ Oversee our independent auditor’s qualifications, independence, and performance;

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#### RING ENERGY
■ Oversee our compliance with legal and regulatory requirements;

■ Oversee our internal audit function, including oversight of our internal controls regarding finance, accounting, legal compliance and ethics;

■ Establish procedures for (i) the receipt, retention, and treatment of complaints received by the Company regarding accounting, internal accounting controls, or auditing matters; and (ii) the confidential, anonymous submission by Company employees of concerns regarding questionable accounting or auditing matters;

■ Assess matters related to risk, risk controls and compliance;

■ Produce the Audit Committee Report for inclusion in our annual proxy statement; and

■ Perform such other functions our Board may assign to the Audit Committee from time to time.

During the 2024 fiscal year, the Audit Committee was initially comprised of Messrs. Woodrum, Harris, Mitchell, and Petrelli, and Ms. Roesener, with Mr. Woodrum acting as the Chair. Mr. Woodrum retired from our Board after the 2024 Annual Stockholder's Meeting. From May 23, 2024 through the remainder of 2024, the Audit Committee was comprised of Ms. Roesener and Messrs. Harris, Petrelli, Habachy and Mitchell, with Mr. Mitchell acting as the Chair. Our Board has determined that each of Ms. Roesener and Messrs. Mitchell, Petrelli, Woodrum and Harris meet the requirements of an “audit committee financial expert” as defined in Item 407 of Regulation S-K promulgated by the SEC.

The Audit Committee met six times during the fiscal year ended December 31, 2024. At each meeting, the Audit Committee was given the opportunity to meet in executive session separately with and our independent registered public accounting firm without management present.

### COMPENSATION COMMITTEE
Pursuant to its charter, the Compensation Committee’s