Business Context and Reporting Period
This Form 8-K reports on the results of the 2024 Annual Meeting of Stockholders for Ring Energy, Inc., held on May 23, 2024. The Company is incorporated in Nevada and its common stock trades on the NYSE American under the symbol REI.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. Consequently, there are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes and Voting Results
As of the record date (March 28, 2024), 197,934,202 shares were outstanding. Approximately 72.5% of outstanding shares were represented at the meeting. The following proposals were voted upon:
- Proposal 1 (Election of Directors): All seven nominees were elected. Votes ranged from 84.1 million "For" (Regina Roesener) to 94.3 million "For" (Thomas L. Mitchell). Broker non-votes totaled 46,239,382 for each nominee.
- Proposal 2 (Advisory Vote on Executive Compensation): Approved by stockholders. 78,393,932 votes were cast "For," while 18,613,984 were cast "Against."
- Proposal 3 (Ratification of Auditors): Grant Thornton LLP was ratified as the independent registered public accounting firm for fiscal year 2024. 138,400,429 votes were cast "For," with 4,970,955 "Against."
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors. The document strictly details the voting outcomes of the annual meeting.
Investor Verification Checklist
- Verify the final composition of the Board of Directors following the election of all seven nominees.
- Review the definitive Proxy Statement filed on April 16, 2024, for detailed biographies of directors and executive compensation specifics.
- Confirm the appointment of Grant Thornton LLP for the 2024 fiscal year audit.
- Note the significant number of broker non-votes (46,239,382) which did not affect the outcome of the director elections but indicate shares held in street name where instructions were not received.