# EDGAR Filing Document

**Accession Number:** 0001843656
**File Stem:** 0001477932-26-002726
**Filing Date:** 2026-5
**Character Count:** 52446
**Document Hash:** a008461ae094ff7664200eebd9a16048
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-26-002726.hdr.sgml**: 20260504

**ACCESSION NUMBER**: 0001477932-26-002726

**CONFORMED SUBMISSION TYPE**: PRE 14A

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260630

**FILED AS OF DATE**: 20260504

**DATE AS OF CHANGE**: 20260504

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Royalty Management Holding Corp
- **CENTRAL INDEX KEY:** 0001843656
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** PRE 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40233
- **FILM NUMBER:** 26936129

**BUSINESS ADDRESS:**
- **STREET 1:** 12115 VISIONARY WAY SUITE 174
- **CITY:** FISHERS
- **STATE:** IN
- **ZIP:** 46038
- **BUSINESS PHONE:** 3173185737

**MAIL ADDRESS:**
- **STREET 1:** 12115 VISIONARY WAY SUITE 174
- **CITY:** FISHERS
- **STATE:** IN
- **ZIP:** 46038

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** American Acquisition Opportunity Inc.
- **DATE OF NAME CHANGE:** 20210201

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14A**

**Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934**

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☒ Preliminary Proxy Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☐ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material under Exchange Act Rule 14a-12

**Royalty Management Holding Corporation**<br>

![](rmco_pre14aimg1.jpg)

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required. <br>☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

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| 2.)  | Aggregate number of securities to which transaction applies: |
| 3.)  | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
| 4.)  | Proposed maximum aggregate value of transaction: |
| 5.)  | Total fee paid: |

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☐ Fee paid previously with preliminary materials.

☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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| 1.) | Amount Previously Paid: |
| 2.) | Form, Schedule or Registration Statement No.: |
| 3.) | Filing Party: |
| 4.) | Date Filed |

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**Royalty Management Holding Corporation**

 **Notice of 2026 Annual Meeting of Shareholders to be held** 

**on June 30, 2026 at 10:00 AM EST** 

**and Proxy Statement**

![](rmco_pre14aimg2.jpg)

May 4, 2026

Dear Royalty Management Holding Corporation Shareholders:

We are pleased to invite you to attend this year's annual shareholder meeting, which is scheduled to be held on Tuesday, June 30, 2026, at 10:00 AM Eastern Time at Royalty Management Holding Corporation's corporate headquarters located at 12115 Visionary Way, Suite 174, Fishers, IN 46038.

Only shareholders of record at the close of business on May 4, 2026, or their proxy holders, may vote at the meeting. Attendance at the meeting is limited to shareholders or their proxy holders and Royalty Management Holding Corporation guests. Only our shareholders or their valid proxy holders may join and participate during the meeting or vote online through the website www.FCRvote.com/RMCO.

Please review the proxy card for the instructions on how you can vote your shares by mail and online. It is important that all Royalty Management Holding Corporation shareholders, regardless of the number of shares owned, participate in the affairs of the Company.

**Your vote is very important to us – participate in the future of Royalty Management Holding Corporation and exercise your shareholder right by voting your shares right away.**

![](rmco_pre14aimg3.jpg)

**Notice of Annual Meeting of Shareholders**

You are cordially invited to attend the 2026 Annual Meeting of Shareholders of Royalty Management Holding Corporation (herein referred to as the "Company," "Royalty," "us," "our," and "we"). This is your notice for the meeting. We will be conducting our Annual Meeting of Shareholders ("Annual Meeting") solely in person, on the below date and time, at our corporate offices located at 12115 Visionary Way, Suite 174, Fishers, Indiana 46038. You or your proxyholder may participate or vote at the Annual Meeting by mailing the enclosed proxy card to the address cited above or by voting online at www.FCRvote.com/RMCO.

Both stockholders of record and street name stockholders will be able to attend the Annual Meeting and vote their shares by mailing a proxy card to be received at the Annual Meeting or voting online at the website referenced above. Only those proxy cards received by the Company, or those votes cast online, on or before the Annual Meeting will have their votes counted.

If you hold your shares beneficially through a bank or broker, you must provide a legal proxy from your bank or broker during registration and you will be assigned a virtual control number in order to vote your shares during the annual meeting. If you are unable to obtain a legal proxy to vote your shares, you will still be able to attend the 2026 annual meeting (but will not be able to vote your shares) so long as you demonstrate proof of stock ownership. Instructions on how to connect and participate via the Internet, including how to demonstrate proof of stock ownership, are posted at www.FCRvote.com/RMCO. On the day of the annual meeting, you may only vote during the meeting by attending the meeting.

**TIME AND DATE**

10:00 AM (Eastern Time) on June 30, 2026.

**RECORD DATE**

Shareholders as of market close on May 4, 2026, are entitled to vote at the meeting.

**LOCATION**

Royalty Management Holding Corporation offices, located at 12115 Visionary Way, Suite 174, Fishers, Indiana 46038. Please contact (646) 245-2465 if you have difficulty finding the office.

**ITEMS OF BUSINESS**

· To approve CM3 Advisory as our independent registered public accounting firm for the fiscal (calendar) 2026; and

· Shareholders will also transact such other business as may properly come before the annual meeting of shareholders to be held on June 30, 2026 (the "Annual Meeting"), or any adjournment or postponement thereof.

**VOTING**

Voting by Shareholders will occur during the Annual Meeting, through the mailing of the enclosed proxy card, with those proxy cards received by the time of our Annual Meeting being counted as part of our Shareholder vote, or online at www.FCRvote.com/RMCO, provided that any online votes are cast prior to the time of our Annual Meeting to be counted as part of our Shareholder vote. Each share of common stock of the Company entitles the holder to one vote at the Annual Meeting. You may vote either by attending the meeting in person, by voting online, or by proxy. For specific voting information, please see "Frequently Asked Questions About Voting" beginning on page 1 of the Proxy Statement that follows. Whether or not you plan to attend the meeting, we hope you will vote as soon as possible.

Submitting your proxy now will not prevent you from voting your shares at the Annual Meeting as your proxy is revocable at your option. Whether or not you participate in the Annual Meeting, it is important that your shares be part of the voting process.

YOUR VOTE IS VERY IMPORTANT. If you cannot attend the Annual Meeting, please cast your vote as soon as possible using the enclosed proxy card and mail it to the Company using the self-address stamped enveloped included in the mailing. Furthermore, the Company's 2026 Proxy Statement and 2025 Annual Report are made available at https://web.viewproxy.com/RMCO/2026

**Important Notice Regarding the Availability of Proxy Materials for the Annual** 

**Shareholder Meeting to be Held on June 30, 2026 at 10:00 am EST:**

The notice of 2026 Annual Meeting of Shareholders, Proxy Statement and link to 2025 Annual Report to Shareholders will be mailed to shareholders as of record date May 4, 2026.

**Table of Contents**

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|:---|:---|:---|
|  | [Frequently Asked Questions about Voting](#FREQUENTLY) | 6 |
| [Item 1:](#I1) | [Selection of CM3 Advisory PC as our independent registered public accounting firm for the fiscal year ending December 31, 2024 and 2025](#I1) | 7 |
|  | [Corporate Governance](#CORPORATEGOVERNANCE) | 8 |
|  | [Related Party Transactions](#RELATEDPARTYTRANSACTIONS) | 11 |
|  | [Director Compensation](#DIRECTORCOMPENSATION) | 12 |
|  | [Stock Ownership](#STOCKOWNERSHIP) | 13 |
|  | [Executive Officers](#EXECUTIVEOFFICERS) | 14 |
|  | [Executive Compensation Tables](#EXECUTIVECOMPENSATIONTABLES) | 15 |
|  | [Report of the Audit Committee](#REPORTOFTHEAUDITCOMMITTEE) | 16 |
|  | [Principal Accounting Firm Fees](#PRINCIPALACCOUNTINGFIRMFEES) | 16 |
|  | [General Information](#GENERALINFORMATION) | 17 |

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| *[**Table of Contents**](#TOC)* |

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**Royalty Management Holding Corporation**

**12115 Visionary Way, Suite 174**

**Fishers, Indiana 46038**

**(317) 855-9926**

**www.RoyaltyMgmtCorp.com**

**Proxy Statement**

**FREQUENTLY ASKED QUESTIONS ABOUT VOTING**

<u>Where is the Annual Meeting?</u>

The Annual Meeting will be held at the offices Royalty Management Holding Corporation located at 12115 Visionary Way, Suite 174, Fishers, Indiana 46038.

<u>Is there an option to participate virtually?</u>

Unfortunately, the meeting will be held in-person only. Those who cannot attend are encouraged to submit their proxy card to vote on matters presented at the Annual Meeting or vote online by visiting www.FCRvote.com/RMCO prior to the date and time of the meeting.

<u>On what am I voting?</u>

Shareholders are asked to consider and vote on the appointment of CM3 Advisory as our independent registered public accounting firm for the fiscal year 2026.

<u>Who may vote?</u>

Shareholders recorded in our stock register at the close of business on May 4, 2026 may vote at the meeting. As of that date, there were 15,149,705 shares of our common stock outstanding.

<u>How many votes do I have?</u>

You have one vote for each share of our common stock you owned as of the record date for the meeting.

<u>How do I vote?</u>

Our proxy materials are available to shareholders on the Internet and by mail. You may read, print and download our 2025 Annual Report on Form 10-K, Proxy Statement, and proxy card at https://web.viewproxy.com/RMCO/2026. You may vote your shares by the Internet at www.FCRvote.com/RMCO, by regular mail, or by attending the virtual meeting. Each of these voting options is described in the proxy card.

To ensure that your vote is counted at the meeting, regardless of whether you plan to attend the meeting virtually, you should vote by using the Internet voting option on your proxy card or mailing in your proxy card to Royalty Management Holding Corporation's address shown above. If you return an executed proxy card without marking your instructions, your executed proxy card will be voted in accordance with the recommendations of the board of directors (the "Board" or "Board of Directors"). If you indicate a choice with respect to any matter to be acted upon on your proxy card or voting instruction card, your shares will be voted per your instructions.

<u>What are the Board of Director's recommendations?</u>

The Board of Director's recommendations are set forth together with the description of each item in this Proxy Statement. In summary, the Board of Directors and the Audit Committee recommend a vote as follows:

· **FOR** the ratification of the appointment of CM3 Advisory as our independent registered public accounting firm for the fiscal year 2026.

If any other matters properly come before the Annual Meeting, we will vote the shares in accordance with our best judgment and discretion.

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<u>What if I change my mind after I have voted?</u>

You may revoke your proxy before it is voted by:

· submitting a new proxy card with a later date;

· voting online at www.FCRvote.com/RMCO; or

· giving written notice to the Corporate Secretary at Royalty Management Holding Corporation's address shown above.

<u>Will my shares be voted if I do not provide my proxy and don't attend the Annual Meeting?</u>

If you do not provide a proxy or vote your shares held in your name, your shares will not be voted. If you hold your shares in street name, your broker may be able to vote your shares for certain "routine" matters even if you do not provide the broker with voting instructions. However, the proposal to elect directors is not considered routine. As a result, no broker may vote your shares on the proposal to elect directors without your specific instructions.

<u>What constitutes a quorum?</u>

To carry on the business of the meeting, we must have a quorum. This means at least a majority of the voting power of all of the outstanding shares of stock entitled to vote as of the record date must be represented at the meeting, either by proxy or by joining the virtual meeting. Shares of common stock owned by Royalty Management Holding Corporation are not voted and do not count for this purpose.

Abstentions and proxies submitted by brokers that do not indicate a vote because they do not have discretionary authority and have not received instructions as to how to vote on a proposal (so-called "broker non-votes") will be considered as present for quorum purposes.

<u>Why is there no election of directors at this annual shareholder meeting?</u>

At the 2025 annual shareholder meeting last year, our current directors were elected for a term of two years each, with all directors eligible for re-election at the 2027 annual shareholder meeting of the Company.

<u>Who conducts the proxy solicitation and how much will it cost?</u>

Royalty Management Holding Corporation is requesting your proxy for the annual shareholder meeting and will pay all the costs of requesting shareholder proxies. We can request proxies through the mail or by telephone, fax or Internet. We can use directors, officers and other employees of American Resources to request proxies. Directors, officers and other employees will not receive additional compensation for these services. We will reimburse brokerage firms, nominees, fiduciaries, custodians and other agents for their expenses in distributing proxy material to the beneficial owners of our common stock.

**ITEM 1: SELECTIONOF CM3 ADVISORY AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2026.**

The Board of Directors has selected CM3 Advisory ("CM3 Advisor" or "CM3"), as our independent registered public accounting firm for the year ending December 31, 2026. CM3 Advisory was selected by our Board of Directors as our independent registered public accounting firm on May 12, 2024, after dismissal of our prior independent registered public accounting firm, BF Borgers CPA PC, by our board of Directors on May 9, 2024. Shareholder ratification of the appointment of our independent registered public accounting firm is not required by our bylaws or otherwise. However, our Board is submitting the appointment of CM3 Advisory to the shareholders for ratification as a matter of what it considers to be good corporate practice. Even if the appointment is ratified, our Board in its discretion may direct the appointment of a different independent registered public accounting firm at any time during the year if the Board determines that such a change would be in our and our shareholders' best interests.

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The following table sets forth the <u>estimated</u> aggregate fees to be billed by our independent registered accounting firm for the upcoming fiscal year ended December 31, 2026, and the actual fees incurred by the Company for the 2025 annual audit and quarterly reviews. These fees are categorized as audit fees and quarterly review fees. The nature of the services provided in each category is described in the table below.

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|  | **2026 Estimated** | **2025 Actual** |
| Audit fees | $57500 | $55000 |
| Quarterly Review fees (3 quarters) | $30000 | $30000 |
| Total Fees | $87500 | $85000 |

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*Audit fees*. Consist of estimated fees billed for professional services rendered for the audit of the consolidated financial statements These fees also include the review of registration statements and the delivery of consents in connection with registration statements.

*Quarterly Review fees*. Consist of estimated fees billed for professional services rendered for the quarterly review of the quarterly interim consolidated financial statements.

When selecting CM3 Advisory, the Audit Committee considered, among other things, whether the non-audit services rendered by our independent registered public accounting firm are compatible with an auditor maintaining independence. The Audit Committee has determined that the rendering of such services is compatible with CM3 Advisory maintaining its independence.

**The Board of Directors recommends a vote FOR the selection of CM3 Advisory as our independent registered public accounting firm for the fiscal year ending December 31, 2026.**

**CORPORATE GOVERNANCE**

<u>Criteria for Director Nominations</u>

In assessing the qualifications of candidates for nomination as director, in addition to qualifications set forth in our bylaws, the Board considers whether a candidate possesses the integrity, judgment, knowledge, experience, skills and expertise that are likely to enhance the Board of Directors' ability to manage and direct our affairs and business, including, when applicable, to enhance the ability of the committees of the Board of Directors to fulfill their duties.

Although the Board is willing to consider candidates recommended by our shareholders, it has not adopted a formal policy with regard to the consideration of any director candidates recommended by our shareholders. The Board believes that a formal policy is not necessary or appropriate because of the small size of the Board and because the current Board already has a diversity of business background and industry experience. Our Board will consider director candidates recommended by shareholders who are highly qualified in terms of business experience and both willing and expressly interested in serving on the Board. Shareholders recommending candidates for consideration should send their recommendations to us at our principal executive offices (Royalty Management Holding Corporation, 12115 Visionary Way, Suite 174, Fishers, Indiana 46038) in accordance with the procedures described in our amended and restated bylaws. The Board will consider recommendations for the 2026 Annual Meeting of Shareholders if they were received by the close of business on January 21, 2026.

<u>Director Independence</u>

The Board of Directors determined that Messrs. Kincaid and Smith and Ms. Griffith are independent within the meaning of the listing standards for general independence of the NASDAQ Global Select Market.

Under the listing standards, the Audit Committee is required to be composed solely of independent directors. The standards for audit committee membership include additional requirements under rules of the Securities and Exchange Commission (the "SEC"). The Board has determined that all of the members of the audit committee meet the applicable independence requirements.

<u>Code of Conduct and Financial Code of Ethics</u>

Our Code of Conduct and Financial Code of Ethics provides general statements of our expectations regarding ethical standards that we expect our directors, officers and employees to adhere to while acting on our behalf. The Code of Conduct and Financial Code of Ethics are available on our Internet website, www.royaltymgmtcorp.com.

We intend to post on our website any amendments to, or waivers of, any provision of the Code of Conduct or Financial Code of Ethics to the extent applicable to our Chief Executive Officer, Chief Financial Officer or that relates to any element of the SEC's definition of a "code of ethics."

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<u>Conflicts of Interest and Related-Party Transactions</u>

The Audit Committee will address and resolve any issues with respect to related-party transactions and conflicts of interest involving our senior officers, directors or other "related persons" under Item 404(a) of the SEC's Regulation S-K and in accordance with our Related Persons Transactions Policy.

Our Code of Conduct provides that all directors, officers and other employees should avoid actual conflicts of interest as well as potential conflicts of interest, and our Financial Code of Conduct, applicable to our Chief Executive Officer, Chief Financial Officer, and other senior financial officers, similarly obligates those employees to handle actual or apparent conflicts of interest between personal and professional relationships in an ethical manner. Any questionable situation is required to be disclosed to an employee's direct supervisor or the Chief Compliance Officer, which is currently our Chief Financial Officer.

Pursuant to our Code of Conduct and our Related Persons Transactions Policy, the Board has delegated to the Audit Committee the responsibility for reviewing and resolving any issues with respect to related-party transactions and conflicts of interests involving senior officers or directors of the Company or other related persons under the applicable rules of the SEC. Our Code of Conduct requires that (i) each director and officer shall promptly disclose to the Chief Compliance Officer any potential conflicts of interest he (or a member of such person's immediate family) may have with respect to any matter involving the Company and, if appropriate, recuse himself from any discussions or decisions on any of these matters, and (ii) the Chief Compliance Officer shall promptly advise the Audit Committee and the Chief Executive Officer of any potential conflicts of interest he or she may have with respect to any matter involving the Company and, if appropriate, recuse himself from any discussions or decisions on any of these matters.

In accordance with our Related Persons Transactions Policy, in determining whether to approve or ratify a related- party transaction, the Committee will take into account, among other factors it deems appropriate: (1) whether the transaction is on terms no less favorable than terms generally available to an unaffiliated third-party under the same or similar circumstances, (2) the benefits to the Company and the related person, (3) the extent of the related person's interest in the transaction, (4) the nature of the interest of the related person and (5) whether the transaction may involve a conflict of interest.

<u>Policy with Respect to Hedging Transactions</u>

We have not adopted any practice or policy regarding the ability of our employees (including officers) or directors, or any of their designees, to purchase financial instruments (including prepaid variable forward contracts, equity swaps, collars, and exchange funds), or otherwise engage in transactions, that hedge or offset, or are designed to hedge or offset, any decrease in the market value of our equity securities. As such, our employees, officer, directors or their designees are generally permitted to engage in these transactions.

<u>Board Leadership</u>

The Board does not have a policy regarding the separation of the roles of Chief Executive Officer and Chairman of the Board, as our Board believes it is in our best interests to make that determination based on our position and direction and membership of the Board. Up until November 25, 2024, the position of Chief Executive Officer and Chairman are held both by Thomas M. Sauve, but after that date to present, the role of Chairman of the Board was assumed by D. Joshaua Hawes and Thomas M. Sauve was appointed Director along with his continuing role as Chief Executive Officer.

<u>The Board's Role in Risk Oversight</u>

The Board of Directors is actively involved in the oversight of risks that could impact Royalty Management Holding Corporation, and risk oversight is the responsibility of the full Board. The Board has ultimate oversight responsibility for the Company's system of enterprise risk management.

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Throughout the year, the full Board (or the appropriate committee in the case of risks in areas for which responsibility has been delegated to a particular committee) participates in reviews with management of the Company's risk management process, the major risks facing the Company and steps taken to mitigate those risks. The Board reviews include litigation and other legal matters, regulatory developments, budget and policy, and industry and economic developments. In addition, existing committees help the Board carry out its responsibility for risk oversight by focusing on specific key areas of risk:

· the Audit Committee oversees the management of financial risks;

· the Compensation Committee oversees the management of risks relating to our employee compensation plans and arrangements; and

· the Nominating Committee is responsible for making recommendations to our Board regarding candidates for directorships and the size and composition of the Board.

<u>Director Attendance</u>

During the last twelve months, the Board has met 6 times, and the standing committees have met a total of 4 times. Each director attended 100% of the meetings (in person or by telephone) of the Board of Directors and each of the committees on which they served in 2025.

<u>Board Organization and Committees</u>

The Board oversees the management of the Company's business and affairs. The Board appoints committees to help carry out their duties. The following table sets forth the standing committees of the Board and their members as of the date of this Proxy Statement:

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| **Director** | **Audit Committee** | **Compensation Committee** | **Nominating Committee** |
| D. Joshua Hawes (Chairman) |  |  |  |
| Julie K. Griffith | X\* | ☒ | ☒ |
| W. Benjamin Kincaid | ☒ | &nbsp;&nbsp;&nbsp;&nbsp;X\* | ☒ |
| Roy A. Smith | ☒ | ☒ | X\* |
| Thomas M. Sauve |  |  |  |

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\* Indicates Chairperson

**Audit Committee:**

The primary responsibilities of the Audit Committee are to assist the Board in fulfilling its oversight responsibility for:

· the integrity of the financial reports and other financial information provided by us to the public or any governmental body;

· our compliance with legal and regulatory requirements;

· our systems of internal controls over financial reporting;

· the qualifications and independence of our independent auditors;

· our auditing, accounting and financial reporting processes generally; and

· the performance of such other functions as the Board may assign from time to time.

The Audit Committee has sole responsibility to appoint and, where appropriate, replace our independent auditors and to approve all audit engagement fees and terms. The Audit Committee's report is on page 16.

The Board of Directors has determined that Ms. Griffith is an audit committee financial expert within the meaning of the regulations of the SEC, and that each member of the Audit Committee is independent for purposes of serving on such committee under the Nasdaq listing standards and applicable federal law.

**Compensation Committee:**

The primary responsibilities of the Compensation Committee are to assist the Board in fulfilling its oversight responsibility for:

· our executive and director compensation; and

· the administration of our stock incentive plans.

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The Board of Directors has determined that Mr. Kincaid meets the independence requirements applicable to the Compensation Committee under the Nasdaq rules. In addition, the Board determined that each member of the Compensation Committee is a "non-employee director" in accordance with Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

**Nominating Committee:**

The nominating and corporate governance committee is responsible for making recommendations to our Board regarding candidates for directorships and the size and composition of the Board.

The Board of Directors has determined that Mr. Smith meets the independence requirements applicable to the Nominating Committee under the Nasdaq rules. In addition, the Board determined that each member of the Nominating Committee is a "non-employee director" in accordance with Rule 16b-3 under the Exchange Act.

**Executive Sessions of the Board**

The small size of the Board and the relationship between management and non-employee directors put each director in a position to influence agendas, flow of information, and other matters. On occasion, the Board will hold separate meetings for independent directors without management present. These meetings generally will be held in conjunction with regularly scheduled meetings and at other times as requested by an independent director.

<u>Determining Executive and Director Compensation</u>

The Compensation Committee of the Board is responsible for determining executive and director compensation. For executive officers, the Compensation Committee receive and review reports and recommendations from the Chief Executive Officer and Chief Financial Officer regarding the performance and recommended compensation of the other executive officers of the Company, and the Compensation Committee recommends to the Board the annual compensation, including salary, bonus, incentive and equity compensation, for such officers. The Chief Executive Officer and Chief Financial Officer may be present during Compensation Committee discussions evaluating and setting the compensation levels of the Company's executive officers other than themselves, but they may not vote on such deliberations.

<u>Shareholder Communications with Directors</u>

Interested parties who wish to make concerns known to the non-management directors may communicate directly with the non-management directors by making a submission in writing to "Board of Directors (independent members)" in care of our Corporate Secretary at the address indicated on the first page of this Proxy Statement. Aside from this procedure for communications with the non-management directors, the entire Board of Directors will receive communications in writing from shareholders. Any such communications should be addressed to the Board of Directors in care of the Corporate Secretary at the same address.

<u>Website Availability of Documents</u>

Royalty Management Holding Corporation's Annual Report on Form 10-K, the charters of the Audit Committee, Compensation Committee, Nominating Committee, and the Code of Ethics and Financial Code of Conduct can be found on the Investor Relations section of our website at www.royaltymgmtcorp.com. Unless specifically stated herein, documents and information on our website are not incorporated by reference in this Proxy Statement.

**RELATED PARTY TRANSACTIONS**

***Transactions with Related Persons, Promoters and Certain Control Persons.***

<u>Land Resources & Royalties LLC, Wabash Wings LLC, and Wabash Enterprises LLC</u> 

The Company currently, and may at times in the future, leases property from Land Resources & Royalties LLC ("LRR") and has entered into various other agreements with LRR and/or its parent company, Wabash Enterprises LLC, an entity managed by Thomas Sauve, our current Chief Executive Officer. The Company has in the past, and may in the future, leased use of an aircraft owned by Wabash Wings LLC, another wholly owned subsidiary of Wabash Enterprises LLC and an entity managed by Thomas Sauve, our current Chief Executive Officer. Furthermore, on October 31, 2023, Wabash Enterprises LLC and LRR both became an owner of Common Stock of the Company and several leases and agreements exist between LRR and the Company, for which LRR receives income.

<u>American Resources Corporation</u>

The Company may at times enter into agreements with American Resources Corporation and its subsidiaries, an entity in which Thomas Sauve was a director and President in 2025. Thomas Sauve resigned as President in December 2025, and his directorship ended in April 2026 at the 2026 annual shareholder meeting of American Resources Corporation. He currently does not have an officer or director role at American Resources Corporation.

<u>First Frontier Capital LLC</u>

The Company may at times enter into agreements with First Frontier Capital LLC, an entity managed by Thomas Sauve, our current Chief Executive Officer. On February 1, 2022, First Frontier Capital LLC invested $10,000 cash into the Company in the form of the Round A Convertible Note and 385 warrants issued under Warrant "A-7." On October 31, 2023, the notes and warrants held by First Frontier Capital LLC were converted into Common Stock of the Company.

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**DIRECTOR COMPENSATION**

The Compensation Committee of the Board oversees fee levels and other elements of compensation for Royalty Management Holding Corporation's directors.

<u>Director Compensation Table</u>

The table below and the narrative in the footnotes provide compensation amounts for our directors for 2024 and 2025 as well as additional material information in connection with such amounts.

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and principal position** |  | **Fees Earned or Paid in Cash**<br> **($)** | **Stock**<br> **Awards**<br> **($)** | **Option**<br> **Awards**<br> **($)** | **Non-Equity Incentive Plan Compensation**<br> **($)** | **Nonqualified deferred compensation earnings**<br> **($)** | **All Other Compensation**<br> **($)** | **Total**<br> **($)** |
| Thomas M. Sauve, Director <sup>(1)</sup> | 2025 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
|  | 2024 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
| Julie Griffith, Director <sup>(2)</sup> | 2025 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
|  | 2024 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
| Josh Hawes, Director <sup>(3)</sup> | 2025 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
|  | 2024 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
| Roy Smith, Director <sup>(4)</sup> | 2025 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
|  | 2024 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
| Ben Kincaid, Director <sup>(5)</sup> | 2025 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |
|  | 2024 | -0- | -0- | 53578 | -0- | -0- | -0- | 53578 |

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(1) Thomas Sauve was appointed Director of the Company prior to October 31, 2023. The value of the stock warrants represents amortized book value of warrants valued using the Black-Scholes Options Pricing Model and does not represent the actual cash value of the warrants to the warrant holder. During 2025 and 2024, 25,000 stock warrants were issued each year for board service. Compensation excludes his compensation as Chief Executive Officer, which is detailed in the Executive Compensation Table.

(2) Julie Griffith was appointed as Director on October 31, 2023. The value of the stock warrants represents amortized book value of warrants valued using the Black-Scholes Options Pricing Model and does not represent the actual cash value of the warrants to the warrant holder. During 2025 and 2024, 25,000 stock warrants were issued each year for board service.

(3) Josh Hawes was appointed as a director and Chairman of the Board on November 25, 2024. The value of the stock warrants represents amortized book value of warrants valued using the Black-Scholes Options Pricing Model and does not represent the actual cash value of the warrants to the warrant holder. During 2025 and 2024, 25,000 stock warrants were issued each year for board service.

(4) Roy Smith was appointed as a director on February 12, 2024. The value of the stock warrants represents amortized book value of warrants valued using the Black-Scholes Options Pricing Model and does not represent the actual cash value of the warrants to the warrant holder. During 2025 and 2024, 25,000 stock warrants were issued each year for board service.

(5) Ben Kincaid was appointed as a director on November 25, 2024. The value of the stock warrants represents amortized book value of warrants valued using the Black-Scholes Options Pricing Model and does not represent the actual cash value of the warrants to the warrant holder. During 2025 and 2024, 25,000 stock warrants were issued each year for board service.

No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by the Company for the benefit of its employees.

There are no understandings or agreements regarding compensation our management will receive after a business combination that is required to be included in this table, or otherwise.

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**STOCK OWNERSHIP**

The following table shows stock ownership of (a) each person who is known to us to own beneficially more than 5% of Royalty Management Holding Corporation's Common Stock, based solely on statements filed by such persons pursuant to Section 13(d) or 13(g) of the Exchange Act, and (b) each director or nominee for director, the Chief Executive Officer, the Chief Financial Officer, the other executive officers for whom we are providing detailed compensation information under "Executive Compensation Tables" and our executive officers and directors as a group. Information for the executive officers and directors is given as of December 31, 2025, except as otherwise indicated. As of December 31, 2025, the Company had 15,149,655 shares of common stock issued, outstanding, and eligible to vote. Beneficial ownership is determined in accordance with Rule 13d-3 under the Exchange Act and, except as otherwise indicated, the respective holders have sole voting and investment powers over such shares.

All information with respect to beneficial ownership has been furnished by the respective 5% or more stockholders, directors or Named Executive Officers (as defined below), as the case may be. Unless otherwise noted, the mailing address of each listed beneficial owner is c/o Royalty Management Holding Corporation, 12115 Visionary Way, Suite 174, Fishers, Indiana 46038.

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| | | |
|:---|:---|:---|
| **Name** | **Number of Shares of** <br> **Common Stock**<br> **Beneficially**<br> **Owned <sup>(1)</sup>** | **Percent of Common Stock Owned**  |
| **5% Holders** |  |  |
| Liberty Hill Capital Management LLC | 1420108 | 9.4% |
| First Frontier Capital LLC <sup>(2)</sup> | 1204708 | 8.0% |
| White River Holdings LLC | 1106886 | 7.3% |
| Homewood Holdings LLC | 1052377 | 7.0% |
| Midwest General Investment Company LLC | 1000472 | 6.6% |
| American Resources Corporation | 855196 | 5.9% |
| White River Ventures LLC <sup>(2)</sup> | 895293 | 5.6% |
| **All 5% Holders as a Group (5 persons)** | **7535040** | **49.8%** |
| **Officers and Directors** |  |  |
| Thomas M. Sauve, Chief Executive Officer, Director | -0- | \*% |
| Amanda C. Kruse, Chief Financial Officer <sup>(3)</sup> | 37585 | \*% |
| D. Joshua Hawes, Chairman | -0- | \*% |
| Roy A. Smith, Director | -0- | \*% |
| Julie K. Griffith, Director | 376 | \*% |
| W. Benjamin Kincaid | 376 | \*% |
| **All Directors and Officers as a Group (5 persons)** | **39840** | \*% |
| **All Directors, Officers and 5% Holders as a Group (5 persons)** | **7573377** | **50.0%** |

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(1) A person is deemed to be the beneficial owner of securities that can be acquired by such a person within 60 days from December 31, 2025, upon exercise of options, warrants or convertible securities. Each beneficial owner's percentage ownership is determined by assuming that options, warrants and convertible securities that are held by such a person (but not those held by any other person) and are exercisable within 60 days from that date have been exercised.

(2) Thomas M. Sauve, Chief Executive Officer of the Company, is controller, not a beneficial owner.

(3) Amanada C. Kruse was appointed to the position of Chief Financial Officer on February 1, 2025.

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**EXECUTIVE OFFICERS**

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| | | |
|:---|:---|:---|
| **Name**  | **Age** | **Position** |
| Thomas M. Sauve | 47 | Chief Executive Officer and Chairman of the Board |
| Amanda C. Kruse | 40 | Chief Financial Officer |

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**Thomas M. Sauve**. Mr. Sauve has over 22 years in entity formation, land and lease management acquisition integration. In his various roles at companies, Mr. Sauve has successfully integrated eight acquisitions into a streamlined operating model. Additionally, Mr. Sauve is the founder and manager of a private land management company and serves as the Company's Chief Executive Officer. There are no arrangements or understandings between him and any other persons pursuant to which he was selected as an officer. He has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

**Amanda C. Kruse, CPA**. Ms. Kruse conducts all tax and financial accounting roles of Royalty Management Holding Corporation and its subsidiaries, and has substantial experience in financial and tax accounting. In her role at the Company, she oversees all financial reporting and accounting. She has over 15 years of experience in public and financial accounting with her most recent position as Controller of Royalty Management Holding Corporation prior to her appointment as the Company's Chief Financial Officer on February 1, 2025. Her experience includes implementation of several scalable accounting and financial processes and platforms to ensure proper checks and balances and cost controls at various organizations. Ms. Kruse is a graduate of Kelley School of Business at Indiana University in Indianapolis with a Bachelor of Science in Business and a Master of Science in Accounting. Ms. Kruse does not have any family relationships with any of the Company's directors or executive officers. There are no arrangements or understandings between Ms. Kruse and any other persons pursuant to which she was selected as an officer. She has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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**EXECUTIVE COMPENSATION TABLES**

As an "emerging growth company," we have opted to comply with the executive compensation disclosure rules applicable to "smaller reporting companies," as such term is defined in the rules promulgated under the Securities Act of 1933, as amended. These rules require compensation disclosure for our principal executive officer and the two most highly compensated executive officers other than our principal executive officer. These officers are referred to as our "Named Executive Officers". The following tables show compensation information (in US dollars) for our Named Executive Officers for the two-year period ended December 31, 2025.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Year** | **Salary** <br> ($) | **Bonus** <br> ($) | **Stock Awards** <br> ($) | **Option Awards** <br> ($) | **All Other Compensation** <br> ($) | **Total** <br> ($) |
| Thomas Sauve | 2025 | 100000 | -0- | -0- | -0- | -0- | 100000 |
| *Chief Executive Officer* | 2024 | 100000 | -0- | -0- | -0- | -0- | 100000 |
| Amanda Kruse <sup>(1)</sup> | 2025 | 100000 | -0- | -0- | -0- | -0- | 100000 |
| *Chief Financial Officer* | 2024 | -0- | -0- | -0- | -0- | -0- | -0- |
| Kirk Taylor <sup>(1)</sup> | 2025 | -0- | -0- | -0- | -0- | -0- | -0- |
| *Chief Financial Officer (prior)* | 2024 | -0- | -0- | -0- | -0- | -0- | -0- |

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(1) on February 1, 2025, Kirk Taylor stepped down as Chief Financial Officer of the Company and Amanda Kruse was appointed Chief Financial Officer in his place.

<u>Outstanding Equity Awards at Fiscal Year-End 2025</u>

No equity awards, including any restricted stock, options or any other equity incentives, were granted to our executives during the fiscal year 2025. Messrs. Sauve, Smith, and Wrightsman, and Ms. Griffith each received Option Awards for their service on the Company's Board of Directors in 2024 and 2025, as detailed under the section titled Director Compensation.

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**REPORT OF THE AUDIT COMMITTEE**

The Audit Committee assists the Board in fulfilling its responsibility for independent oversight of the quality and integrity of the accounting, auditing and financial reporting practices of Royalty Management Holding Corporation. The Audit Committee is responsible for the appointment, compensation, retention, oversight and evaluation of the independent external audit firm retained to audit Royalty Management Holding Corporation's financial statements. Further description of the Audit Committee's responsibilities is provided in the Audit Committee Charter available at www.royaltymgmtcorp.com.

The Audit Committee is composed of three directors, each of whom is independent as defined by the NASDAQ Global Select Market listing standards. The relevant experience and qualifications of the directors are set forth in director biographies included in this Proxy Statement. After reviewing qualifications and evaluating independence and past performance, the Audit Committee retained the registered accounting firm of CM3 Advisory as the Company's independent auditor (the "Independent Auditor").

In discharging its oversight responsibility as to the audit process, the Audit Committee (a) obtained from the independent auditor a formal written statement describing all relationships between the Independent Auditor and its representatives and Royalty Management Holding Corporation that might reasonably be thought to bear on the auditor's independence consistent with applicable Public Company Accounting Oversight Board (PCAOB) requirements and (b) discussed with the Independent Auditor any relationships that may impact the objectivity and independence of the Independent Auditor. The Audit Committee reviewed with the independent auditor the audit plans, audit scope and identification of audit risks. The Audit Committee discussed and reviewed with the Independent Auditor all communications and other matters required to be discussed by the applicable requirements of the PCOAB and the Securities and Exchange Commission (SEC), including those described in PCAOB Auditing Standard No. 16, as amended (Communication with Audit Committees).

Management has the responsibility for the preparation of Royalty Management Holding Corporation's financial statements and for its internal controls and has represented to the Audit Committee that the financial statements were prepared in accordance with generally accepted accounting principles. The independent auditor has the responsibility for the examination of those statements and the related audit of internal control over financial reporting. During 2023, the Audit Committee met 4 times with management and the independent auditor for the fiscal year 2023, BF Borgers CPA PC (who was subsequently dismissed as the Company's auditor on May 9, 2024), including meetings to discuss the interim financial information contained in each quarterly earnings announcement prior to public release. The Audit Committee reviewed and discussed the audited financial statements of Royalty Management Holding Corporation as of and for the fiscal year ended December 31, 2023, separately and together with management and the Independent Auditor. The Audit Committee also reviewed and discussed, separately and together with management and the independent auditor, management's report on internal control over financial reporting and the independent auditor's examination of and report on the quality and adequacy of American Resources' internal financial controls and reporting and the testing of those controls.

Based on the above-mentioned review and discussions with management and the independent auditor, the Audit Committee recommended to the Board that Royalty Management Holding Corporation's audited financial statements for the fiscal year ended December 31, 2025, be included in its Annual Report on Form 10-K for filing with the SEC.

**PRINCIPAL ACCOUNTING FIRM FEES**

The Audit Committee of the Board has appointed CM3 Advisory as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2025. The Company does not expect representatives of CM3 Advisory to be present at the Annual Meeting.

<u>Audit Committee Policies and Procedures for Preapproval of Audit and Non-Audit Services</u>

The Audit Committee adopted a formal policy concerning approval of audit and non-audit services to be provided our independent registered public accounting firm. The policy requires that all services our independent registered public accounting firm provides to us be pre-approved by the Audit Committee. The Audit Committee approved all services provided by CM3 Advisory during 2025.

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**GENERAL INFORMATION**

On or about May 21, 2026, we will begin mailing shareholder meeting materials that will include detail on how to access the Proxy Materials electronically and how to submit your proxy via the Internet. The Proxy Materials also provides instructions on how to submit your vote via the proxy card or voting instruction form, as applicable.

The Proxy Statement and proxy card are being furnished at the direction of the Board of Directors. We will pay all solicitation costs. We will reimburse brokerage firms, nominees, fiduciaries, custodians, and other agents for their expenses in distributing proxy material to the beneficial owners of our common stock. In addition, certain of our directors, officers and employees may solicit proxies by telephone and personal contact.

The Board of Directors does not intend to bring any other matters before the meeting and has not been informed that any other matters are to be properly presented to the meeting by others. If other business is properly raised, your proxy card authorizes the people named as proxies to vote as they think best.

<u>Shareholder Proposals for 2026 Annual Meeting</u>

Any shareholder who intends to present a proposal at the 2026 Annual Meeting of Shareholders and who requests inclusion of the proposal in Royalty Management Holding Corporation's Proxy Statement and form of proxy in accordance with SEC Rule 14a-8 must file such proposal with us at our principal executive offices (Royalty Management Holding Corporation, 12115 Visionary Way, Suite 174, Fishers, Indiana 46038) no later than the close of business on January 21, 2026.

<u>Annual Report to Shareholders</u>

The Annual Report to Shareholders, which is a copy of our Form 10-K containing our consolidated financial statements for the year ended December 31, 2025, accompanies the proxy material being mailed to all shareholders in the form of a link to access the Annual Report online. The Annual Report is not part of the proxy solicitation material.