Ranger Energy loses controlled company status as CSL ownership drops to 38%

Ranger Energy Services, Inc.

CSL Capital distributed Class A Common Stock upon dissolution of two LLCs; beneficial ownership fell from ~50% to ~38%.
Board acknowledged loss of controlled company status effective Feb 17, 2022; triggers procedural changes for director elections.
Board created a Nominating and Governance Committee with independent members William M. Austin, Richard T. Agee, and Michael C. Kearney.

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