Item 5.07.
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Submission of Matters to a Vote of Security Holders.
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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:
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(1)
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Election of seven directors to serve on the Company’s Board of Directors until the 2022 Annual Meeting
of Stockholders;
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(2)
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Non-binding advisory vote to approve the compensation of the Company’s named executive officers;
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(3)
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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;
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(4)
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Approval of the Company’s 2021 Omnibus Incentive Plan; and,
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(5)
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Advisory proposal regarding the frequency of the advisory vote on named executive officer compensation.
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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
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Votes For
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Votes Withheld
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Broker Non-Votes
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John A. Crum
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25,687,095
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7,882,580
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24,465,327
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Richard E. Harris
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25,705,603
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7,864,072
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24,465,327
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Paul D. McKinney
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25,725,496
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7,844,179
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24,465,327
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Thomas L. Mitchell
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25,651,057
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7,918,618
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24,465,327
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Anthony B. Petrelli
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25,333,244
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8,236,431
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24,465,327
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Regina Roesener
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25,725,875
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7,843,800
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24,465,327
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Clayton E. Woodrum
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25,754,319
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7,815,356
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24,465,327
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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
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Votes Against
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Abstentions
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Broker Non-Votes
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24,227,189
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1,712,625
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7,629,861
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24,465,327
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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
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Votes Against
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Abstentions
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55,732,891
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2,230,592
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71,519
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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
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Votes Against
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Abstentions
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Broker Non-Votes
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24,711,848
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1,849,148
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7,008,679
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24,465,327
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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
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2 Years
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3 Years
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Abstentions
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Broker Non-Votes
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25,013,527
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350,540
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1,028,831
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7,176,777
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24,465,327
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