UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.07. | Submission of Matters to a Vote of Security Holders. |
Ring Energy, Inc. (the “Company”) held its 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”) in The Woodlands, Texas, on May 25, 2021. As of the record date of April 12, 2021, the Company had 99,181,587 shares of common stock outstanding. A total of 58,035,002 shares (59%) were present at the 2021 Annual Meeting by proxy or in person.
The following matters, detailed descriptions of which are contained in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 22, 2021 (the “2021 Proxy Statement”), as well as the Additional Proxy Soliciting Materials filed on April 26, 2021 and April 30, 2021, were voted on at the 2021 Annual Meeting:
(1) | Election of seven directors to serve on the Company’s Board of Directors until the 2022 Annual Meeting of Stockholders; |
(2) | Non-binding advisory vote to approve the compensation of the Company’s named executive officers; |
(3) | Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021; |
(4) | Approval of the Company’s 2021 Omnibus Incentive Plan; and, |
(5) | Advisory proposal regarding the frequency of the advisory vote on named executive officer compensation. |
The Company’s stockholders approved proposals (1), (2), (3), and (4) and recommended 1 year regarding proposal (5) listed above. The following tables provide the results of each voting proposal:
Proposal 1 – Election of Directors.
The Company’s stockholders voted to elect John A. Crum, Richard E. Harris, Paul D. McKinney, Thomas L. Mitchell, Anthony B. Petrelli, Regina Roesener, and Clayton E. Woodrum as directors of the Company. The votes for each were as follows:
Directors | Votes For | Votes Withheld | Broker Non-Votes | |||
John A. Crum | 25,687,095 | 7,882,580 | 24,465,327 | |||
Richard E. Harris | 25,705,603 | 7,864,072 | 24,465,327 | |||
Paul D. McKinney | 25,725,496 | 7,844,179 | 24,465,327 | |||
Thomas L. Mitchell | 25,651,057 | 7,918,618 | 24,465,327 | |||
Anthony B. Petrelli | 25,333,244 | 8,236,431 | 24,465,327 | |||
Regina Roesener | 25,725,875 | 7,843,800 | 24,465,327 | |||
Clayton E. Woodrum | 25,754,319 | 7,815,356 | 24,465,327 |
Proposal 2 – Advisory Vote to Approve Named Executive Officer Compensation.
The Company’s stockholders approved, on a non-binding advisory basis, the overall compensation of the Company’s named executive officers. The results of the vote on the proposal were as follows:
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
24,227,189 | 1,712,625 | 7,629,861 | 24,465,327 |
Proposal 3 – Ratification of the Appointment of Grant Thornton LLP as the Company’s Auditors for the Fiscal Year Ending December 31, 2021.
The Company’s stockholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021. The results of the vote on the proposal were as follows:
Votes For | Votes Against | Abstentions | ||
55,732,891 | 2,230,592 | 71,519 |
Proposal 4 – Approval of the Company’s 2021 Omnibus Incentive Plan.
The Company’s stockholders approved, on a non-binding advisory basis, the Company’s 2021 Omnibus Incentive Plan. The results of the vote on the proposal were as follows:
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
24,711,848 | 1,849,148 | 7,008,679 | 24,465,327 |
Proposal 5 – Advisory proposal regarding the frequency of the advisory vote on named executive officer compensation.
The Company’s stockholders recommended, on a non-binding advisory basis, the frequency of the advisory vote on named executive officer compensation. The results of the vote on the proposal were as follows:
1 Year | 2 Years | 3 Years | Abstentions | Broker Non-Votes | ||||
25,013,527 | 350,540 | 1,028,831 | 7,176,777 | 24,465,327 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Ring Energy, Inc. | ||
Dated: May 27, 2021 | By: |
/s/ Paul D. McKinney |
Name: Paul D. McKinney | ||
Title: Chief Executive Officer |