Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 31

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 31
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 principal functions are as follows:

■ Make recommendations regarding the compensation of the Chief Executive Officer;

■ Approve, after considering the recommendation of the CEO, the compensation of the named executive officers;

■ Review our compensation practices and policies to ensure that they provide appropriate motivation for corporate performance and increased stockholder value;

■ Oversee the administration of the Company’s stock and incentive compensation programs;

■ Make recommendations to the Board regarding the adoption, amendment, or termination of equity compensation programs;

■ Approve the adoption, amendment, and termination of incentive compensation and deferred compensation programs for our employees;

■ Oversee the administration of our compensation plans and programs for employees and non-employees and directors;

■ Periodically review human resource issues relating to the Company’s policies and practices with respect to workforce diversity and equal employment opportunities;

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#### 2025 PROXY STATEMENT
■ Annually review a risk assessment of the Company’s compensation policies and practices; and

■ Perform such other functions as the Board may assign to the Compensation Committee from time to time.

The compensation of our Chief Executive Officer is determined by the Compensation Committee (in a proceeding in which the Chief Executive Officer does not participate). Compensation for all other officers is recommended by the Chief Executive Officer for determination by the Compensation Committee.

The Compensation Committee is delegated all authority of the Board as may be required or advisable to fulfill the purposes of the Compensation Committee. Meetings may, at the discretion of the Compensation Committee, include members of the Company’s management, other members of the Board, consultants or advisors, and such other persons as the Compensation Committee or its Chair may determine.

The Compensation Committee has the sole authority to retain, amend the engagement with, and terminate any compensation consultant to be used to assist in the evaluation of director, Chief Executive Officer, or executive officer compensation, including employment contracts and change in control provisions. The Compensation Committee has the sole authority to approve any consultant’s fees and other retention terms and has authority to cause the Company to pay the fees and expenses of such consultants. The Compensation Committee retained an independent compensation consultant for the fiscal year ended December 31, 2024.

During the 2024 fiscal year, the Compensation Committee was initially comprised of Messrs. Crum, Woodrum, Mitchell, Petrelli, and Habachy, with Mr. Crum acting as the Chair. Mr. Woodrum retired from the Board prior to the 2024 Annual Stockholder's Meeting. From May 23, 2024 through the remainder of 2024, the Compensation