Ranger Energy Services Adopts Executive Severance Plan for Key Officers

Ranger Energy Services, Inc.

Plan covers CEO Stuart N. Bodden, CFO Melissa Cougle, and EVP J. Matthew Hooker.
General termination severance: CEO and EVPs receive 1x base salary plus pro-rated bonus.
Change-in-control severance: CEO receives 3x, EVPs 2x, and Senior VPs 1x of base salary and target bonus.
Benefits include cash payments, up to 24 months of COBRA coverage, and outplacement services up to $25,000.

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