Company: BANFP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0000950170-25-050087
Chunk: 15

Company: BANCFIRST CORP /OK/
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 15
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| G. Rainey Williams, Jr. |     | Investments            |     | Law                             |     | Real Estate                     |

Board Diversity

Although the Company has not adopted a formal policy, a Board consisting of individuals with diverse backgrounds ensures broader representation and deeper commitment to the Company’s employees and communities. Currently, 47% of our Board nominees are diverse from a gender, race or ethnic perspective. For additional information regarding the composition of our Board nominees, including diversity, see the Board Diversity Matrix below. The Board is committed to ensuring that it remains composed of directors who are equipped to oversee the success of the Company, striving to maintain an appropriate balance of diversity, skills and tenure in its composition, and intends to increase its gender diversity over the next few years. Principally, this will occur through a reduction in the size of the Board due to normal retirements.

| Board Diversity Matrix            |     |        |     |      |
| Total Number of Director Nominees |     |     17 |     |      |
|                                   |     | Female |     | Male |
| Part I: Gender Identity           |     |        |     |      |
| Directors                         |     |      5 |     |   12 |
| Part II: Demographic Background   |     |        |     |      |
| African American or Black         |     |      1 |     |    0 |
| White                             |     |      4 |     |    9 |
| Alaskan Native or Native American |     |      0 |     |    2 |
| Hispanic or Latino                |     |      0 |     |    1 |

Board Assessment Process

The Company’s Board completed an assessment in early 2025 that was led by the Board Issues Committee. The objectives of the assessment were to:

Consider board composition, including skills and diversity

Consider board committee structure, rotation and leadership

Assess the board’s satisfaction with oversight of strategy, governance, risk and financial performance

Improve meeting and information processes

Conduct individual director self-assessments of performance

Consider how to assist the directors to be more effective

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The assessment process was based on a written survey including both whole board and director self-evaluations that was completed by all of the directors. The Board Issues Committee reviewed the results of the survey and comments received, and reported the results to the full Board in its March 2025 meeting. The Board Issues Committee then considered