Company: MGY
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001558370-25-003377
Chunk: 90

Company: Magnolia Oil & Gas Corp
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 90
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 our stockholders to read the “Compensation Discussion and Analysis,” which describes the details of our executive compensation program and the decisions made by the Compensation Committee in 2024. We value the feedback provided by our stockholders. We have discussions with many of our stockholders on an ongoing basis regarding various corporate governance topics, including executive compensation, and consider the views of stockholders regarding the design and effectiveness of our executive compensation program. We ask that you cast your vote to endorse Magnolia’s executive compensation program through the following resolution: “RESOLVED, that the compensation paid to Magnolia’s Named Executive Officers, as disclosed in the 2025 proxy statement pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and narrative discussion, is hereby APPROVED.” The above say-on-pay vote is being provided pursuant to SEC regulations. Based upon the outcome of our 2019 say-on-pay frequency vote, we hold an advisory say-on-pay vote every year at our annual stockholder meeting until the next say-on-pay frequency vote, which, in accordance with applicable law, will occur at this Annual Meeting in 2025. Please refer to “Proposal 3: Advisory Vote on Say-On-Pay Frequency” for additional information. While our annual advisory say-on-pay vote does not bind the Company, the Board, or the Compensation Committee to any particular action, we value the input of the stockholders and will take into account the outcome of this vote in considering future compensation arrangements. Vote Required and Board Recommendation Approval of this Proposal requires the affirmative vote of a majority of the votes cast by holders of outstanding shares of Class A Common Stock and Class B Common Stock present in person or represented by proxy and entitled to vote thereon at the Annual Meeting, voting as a single class. 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” THE APPROVAL OF THIS PROPOSAL .

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| Magnolia Oil & Gas | 67 | 2025 Proxy Statement |

Proposal 3: Advisory Vote on Say-On-Pay Frequency

| PROPOSAL 3 —                                                                                                                                                      
 Advisory Vote on Say-On-Frequency                                                                                                                                 | As described in Proposal 2 above, SEC rules afford stockholders an advisory “say-on-pay” vote