Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 44

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 44
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 with the salary of the Chief Executive Officer being recommended and approved by the Compensation Committee and the salaries of the other executive officers being determined and approved by the Compensation Committee after consideration of recommendations by the Chairman of the Board and Chief Executive Officer. The Compensation Committee analyzes many factors in its evaluation of our NEOs’ base salary, including the experience, skills, contributions, and tenure of each such officer with the Company and such executive officers’ current and future roles, responsibilities, and contributions to the Company.

Our NEOs received the following annual base salaries in 2024. The Compensation Committee approved increases to base salaries effective as of March 1, 2024 to position NEO base salaries closer to market after reviewing information from Meridian.

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#### 2025 PROXY STATEMENT
| NAME                   |     |           2024 BASE SALARY RATE ($) 
 (EFFECTIVE 01/01/2024 TO 2/29/2024) |     |          2024 BASE SALARY RATE ($) 
 (EFFECTIVE 3/1/2024 TO 12/31/2024) |     | PERCENTAGE CHANGE OF BASE SALARY |
| Paul D. McKinney       |     |                            $575,000 |     |                           $610,000 |     | 6%                               |
| Travis T. Thomas       |     |                            $350,000 |     |                           $370,000 |     | 6%                               |
| Stephen D. Brooks(1)   |     |                            $350,000 |     |                           $370,000 |     | 6%                               |
| Marinos C. Baghdati(1) |     |                            $350,000 |     |                           $370,000 |     | 6%                               |
| Alexander Dyes         |     |                            $350,000 |     |                           $370,000 |     | 6%                               |
| Phillip B. Feiner(2)   |     |                                  $— |     |                           $340,000 |     | N/A                              |
| Shawn Young(3)         |     |                            $285,600 |     |                           $330,000 |     | 16%                              |

(1) Mr. Brooks retired from the Company on July 1, 2024. Mr. Baghdati elected to leave the Company on July 17, 2024.

(2) Mr. Feiner began working at the Company