Company: CRK
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056747
Chunk: 54

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 54
---
:|:----|:------------|----------:|
| M. Jay Allison, Chief Executive Officer                |     | $                | 131,146 |     | $           | 978,198 |     | $           | 6,641,211 |
| Roland O. Burns, President and Chief Financial Officer |     | $                |  75,346 |     | $           | 598,931 |     | $           | 3,842,465 |
| Daniel S. Harrison, Chief Operating Officer            |     | $                |  58,813 |     | $           |  27,711 |     | $           |   359,872 |
| Clifford D. Newell, Chief Commercial Officer           |     | $                |  38,565 |     | $           |     616 |     | $           |    50,760 |
| Daniel K. Presley, Vice President of Accounting        |     | $                |  32,006 |     | $           | 213,881 |     | $           | 1,184,279 |

(1) Company contributions have not been included in the Summary Compensation Table. (2) Above market portion of the aggregate earnings has been included in the Summary Compensation Table in each year. Potential Payments upon Termination or Change in Control

| Employment Agreements |

We have employment agreements with our CEO and President. The employment agreements provide that these executives will maintain the confidentiality of our confidential and proprietary information for as long as the information is not publicly disclosed. These agreements include separate provisions wherein our CEO and President will receive certain prescribed benefits based upon changes in their employment status or in the event of a change in control as described below. The compensation committee believes that it is in our best interests as well as the best interests of our stockholders to offer such benefits to these executive officers. We compete for executive talent in a highly competitive market in which companies routinely offer similar benefits to senior executives. The compensation committee believes that providing change in control benefits to senior executives allows them to evaluate objectively whether a potential change in control transaction is in the best interest of our stockholders, without having to be concerned regarding their future employment. It allows them to focus on the negotiations during such a transaction when we would require thoughtful leadership to ensure a successful outcome. A "change in control" is defined to include a variety of events, including significant changes in stock ownership, changes in our Board, certain mergers and consolidations, and