Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 92

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 92
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 of the votes cast, then we will consider stockholders to have approved the frequency selected by the plurality of the votes cast. An abstention from voting will have no effect on the outcome of the vote on this Proposal. Broker non-votes also have no effect on the outcome. THE BOARD RECOMMENDS THAT THE CLASS A AND CLASS B STOCKHOLDERS, VOTING AS A SINGLE CLASS, VOTE “FOR” CHOICE ONE—A “1 YEAR” FREQUENCY FOR FUTURE SAY-ON-PAY VOTES.

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| Magnolia Oil & Gas | 68 | 2025 Proxy Statement |

Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm

| PROPOSAL 4 —                                                                                                                        
 Ratification of Appointment of Independent Registered Public Accounting Firm                                                        | We are asking our stockholders to ratify the Audit Committee’s selection of KPMG LLP (“KPMG”) as our independent registered public accounting firm for the 2025 fiscal year. |
| THE BOARD RECOMMENDS THAT THE CLASS A AND CLASS B STOCKHOLDERS, VOTING AS A SINGLE CLASS, VOTE “FOR” THE APPROVAL OF THIS PROPOSAL. |                                                                                                                                                                              |

The Audit Committee is directly responsible for appointing the Company’s independent registered public accounting firm. The Audit Committee has appointed KPMG, which has been our independent audit firm since February 2017, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The Board has directed that this appointment be submitted to our stockholders for ratification at the Annual Meeting, although the Audit Committee is not bound by the outcome of this vote. If the stockholders do not ratify the selection of KPMG as our independent registered public accounting firm for the 2025 fiscal year, our Audit Committee intends to reconsider the selection of KPMG as our independent registered public accounting firm going forward. A representative of KPMG is expected to be present at the virtual Annual Meeting. The representative will have an opportunity to make a statement if he or she desires to do so and will be available to answer appropriate questions from stockholders. Audit Fees and Services The following is a summary of fees for professional services provided by our independent registered public accounting firm for the years ended December 31, 2024 and December 31, 2023:

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 For the Period