Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 3

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 3
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Successfully turned eleven Western Haynesville wells to sales with an average per well initial production rate of 38 MMcf per day; and

Substantially reduced drilling and completion costs in the new play.

Produced solid drilling results and reserve growth in a low activity year:

Drilled 50 (42.9 net) successful operated Haynesville/Bossier wells in 2024 with strong IP rates of 26 MMcf per day on average; and

Replaced 170% of 2024 production and drove 6% reserve growth with 899 Bcfe of drilling related proved reserve additions achieving an overall finding cost of $1.00 per Mcfe.

Led our industry peers during 2024 in total shareholder return.

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Proposals for Stockholder Action

Below is a summary of the proposals on which you are being asked to vote on. Please review the complete information regarding these proposals included in the proxy statement.

Election of Directors (Proposal 1 – Page8)

You will find important information about the qualifications and experience of each of the five director nominees that you are being asked to re-elect under Proposal 1 beginning on page8of the proxy statement. The corporate governance/nominating committee, in its annual review of director nominees, has determined that our nominees have the skills, experience and qualifications necessary to effectively oversee the management of the Company, and that they have integrity, proven leadership and a commitment to the financial and strategic success of the Company.

To approve an Amendment to the 2019 Long-term Incentive Plan (Proposal 2 – Page18)

You are being asked to approve an amendment to the 2019 Long-Term Incentive Plan (the "2019 Plan"), including an increase in the number of shares available for issuance under the 2019 Plan by 10,000,000 shares and an extension of the term of the 2019 Plan through April 6, 2035. You will find important information about the 2019 Plan and the proposed amendment in Proposal 2 beginning on page18of this proxy statement.

Appointment of Independent Registered Public Accountants (Proposal 3 – Page26)

Ernst & Young LLP has served as our independent registered public accountants since 2003. You are being asked to ratify the appointment by the audit committee of Ernst & Young as our independent registered public accountants for 2025.

Recommendations of the Board of Directors Regarding the Proposals

Our Board of Directors unanimously recommends that you