Company: GPOR
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001213900-25-024139
Chunk: 64

Company: GULFPORT ENERGY CORP
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 64
---
 the DGCL and, that by including the officer exculpation provision as set forth above, the Company will be better able to attract and retain experienced and qualified corporate officers. The Board believes that in the absence of such protection, qualified officers might be deterred from serving as officers of the Company due to exposure to personal liability and the risk that substantial expense may be incurred in defending lawsuits, regardless of merit. Given such risks, the Board believes that the Exculpation Amendment will enable the covered officers to continue exercising their business judgment on the Company’s behalf without risking personal liability for unintentional outcomes. Further, the Board believes that this proposal would not have a negative impact on stockholder rights, particularly considering the narrow class and type of claims for which officers’ liability would be exculpated, thereby providing a reasonable and appropriate balance between stockholder and Company interests. Accordingly, the Board unanimously recommends that stockholders vote “FOR” this proposal. Vote Required and Board Voting Recommendation Proposal 4 requires an affirmative vote “for” the proposal by a majority of the outstanding shares of common stock and preferred stock voting on an as converted basis as a single class. The persons named as proxies for the Company intend to vote the proxies “FOR” Proposal 4. Abstentions and broker non -voteswill have the effect of votes against this matter. If Proposal 4 is approved, the Company intends to file the Exculpation Amendment, in the form attached to this Proxy Statement as Annex A, with the Secretary of State of the State of Delaware as soon as practicable following stockholder approval. The Exculpation Amendment will become effective at the time of that filing. Attached to this Proxy Statement as Annex B is a copy of the current Article VII of the Amended and Restated Certificate of Incorporation reflecting the proposed additions to such language. THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE “FOR” THIS PROPOSAL 4.

| 62    2025 PROXY STATEMENT |

| Audit Committee Report |

The primary role of the Audit Committee is to assist the Board of Directors in its oversight of the Company’s accounting and financial reporting processes. In doing so, the Audit Committee is responsible for the appointment and compensation of the Company’s independent registered public accounting firm and has oversight for its qualification, independence and performance. The Audit Committee charter guides our duties and responsibilities. The Audit Committee charter, which was last amended during 2021, is available on the Company