RING ENERGY, INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-05-21 meeting.
“The stockholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2026 by the following vote: For Against Abstentions 136,514,060 4,970,927 3,560,954”
Shareholder Votes
RING ENERGY, INC. shareholders approved Advisory Vote on Executive Compensation at the 2026-05-21 meeting.
“The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers, by the following vote: For Against Abstentions Broker Non-Votes 61,088,330 17,921,972 3,490,732 62,544,907”
Shareholder Votes
RING ENERGY, INC. shareholders approved Election of Directors at the 2026-05-21 meeting.
“Each of the seven nominees for director was duly elected by the Company’s stockholders, with votes as follows: Nominee For Withheld Broker Non-Votes John A. Crum 61,576,650 20,924,384 62,544,907 David A. Habachy 73,308,126 9,192,908 62,544,907 Richard E. Harris 61,205,691 21,295,343 62,544,907 Paul D. McKinney 71,414,643 11,086,391 62,544,907 Thomas L. Mitchell 61,715,336 20,785,698 62,544,907 Anthony B. Petrelli 60,976,493 21,524,541 62,544,907 Carla Tharp 64,753,068 17,747,966 62,544,907”
Earnings Releases
RING ENERGY, INC. reported the first quarter ended March 31, 2026 results: net income net loss of $220.6 million, or $(1.06) per diluted share, EPS $(1.06) per diluted share.
“barrels of oil per day (“Bo/d”) and 19,351 barrels of oil equivalent per day (“Boe/d”) both of which were essentially at the mid-point of guidance; • Reported a net loss of $220.6 million, or $(1.06) per diluted share, driven primarily by a $162.1 million non-cash ceiling test impairment and a $77.0 million unrealized mark-to-market derivative loss related to”
Sundip "Sonu" S. Johl was appointed as Principal Financial Officer at RING ENERGY, INC..
“On May 4, 2026, the Board of Directors (the “Board”) of the Company appointed Sundip “Sonu” S. Johl as Principal Financial Officer of the Company in addition to his current positions as Executive Vice President, Chief Financial Officer and Treasurer of the Company.”
Earnings Releases
RING ENERGY, INC. reported the fourth quarter and year ended December 31, 2025 results: revenue $66.9, net income net loss of $12.8 million, or $(0.06) per diluted share, EPS $(0.06) per diluted share. Guidance reaffirmed.
RING ENERGY, INC. amended revolving credit of $585 million with Bank of America, N.A. (as Administrative Agent) and the lenders at reduces the applicable margin pricing grid by 25 basis points maturing June 18, 2029.
“reduces the borrowing base and aggregate elected commitment from $600 million to $585 million; extends the maturity date of the Credit Agreement from August 31, 2026 to June 18, 2029; reduces the applicable margin pricing grid by 25 basis points”
Carla Tharp was appointed as Director at RING ENERGY, INC..
“the Board, upon the recommendation of the Nominating, Environmental, Social and Governance Committee of the Board (the “NESG Committee”), appointed Ms. Carla Tharp as a director effective April 14, 2025.”
Regina Roesener departed as Director at RING ENERGY, INC..
“Ms. Regina Roesener notified the board of directors (the “Board”) of Ring Energy, Inc. (the “Company”), that she is retiring from the Board effective as of April 14, 2025.”
M&A Transactions
RING ENERGY, INC. completed an acquisition involving Lime Rock Resources IV-A, L.P. and Lime Rock Resources IV-C, L.P. for approximately $68.6 million in cash at closing, net of preliminary and customary purchase price adjustments and subject to final post-closing settlement between (closed 2025-03-31).
“interests in oil and gas leases and related property of Lime Rock located in Andrews County, Texas, for an aggregate purchase price (the “Purchase Price”) of approximately $68.6 million in cash at closing (the “Closing Cash Consideration”), net of preliminary and customary purchase price adjustments and subject to final post-closing settlement between the”
Stephen D. Brooks retired as Executive Vice President of Land, Legal, Human Resources and Marketing at RING ENERGY, INC..
“on July 1, 2024, Stephen D. Brooks retired as Executive Vice President of Land, Legal, Human Resources and Marketing of the Company.”
Shawn Young was appointed as Vice President of Operations at RING ENERGY, INC..
“On June 18, 2024, Shawn Young, age 56, was appointed to Vice President of Operations, effective July 17, 2024.”
Stephen D. Brooks departed as Executive Vice President of Land, Legal, Human Resources and Marketing at RING ENERGY, INC..
“On June 24, 2024, the Company announced that Stephen D. Brooks who currently serves as the Company’s Executive Vice President of Land, Legal, Human Resources and Marketing, will retire from the Company which will occur on or about July 1, 2024.”
Marinos C. Baghdati resigned as Executive Vice President of Operations at RING ENERGY, INC..
“On June 18, 2024, Marinos C. Baghdati, Executive Vice President of Operations of Ring Energy, Inc. (the “Company”), submitted his resignation, effective July 17, 2024.”
Earnings Releases
RING ENERGY, INC. reported first quarter ended March 31, 2024 results: revenue $94.5 million, net income $5.5 million, EPS $0.03 per diluted share. Guidance reaffirmed.
Roy Ben-Dor departed as Director at RING ENERGY, INC..
“Also, on April 16, 2024, Roy Ben-Dor notified the Board of his intention to retire from the Board effective at the Annual Meeting and to not stand for reelection to the Board.”
Clayton E. Woodrum departed as Director at RING ENERGY, INC..
“On April 16, 2024, Clayton E. Woodrum notified the Board of Directors (the “Board”) of Ring Energy, Inc. (the “Company”) of his intention to retire from the Board effective at the 2024 Annual Meeting of Stockholders of the Company (the “Annual Meeting”) and to not stand for reelection to the Board.”
Earnings Releases
RING ENERGY, INC. reported the fourth quarter and year ended December 31, 2023 results: net income $50.9 million, or $0.26 per diluted share.
“Ring Energy, Inc. (the “Company”) issued a press release announcing its financial and operating results for the fourth quarter and year ended December 31, 2023.”
Material Agreements
RING ENERGY, INC. amended Second Amended and Restated Credit Agreement with Truist Bank valued at Amendment to redefine Free Cash Flow so acquisition amounts are no longer subtracted (effective 2024-02-12).
“On February 12, 2024, Ring Energy, Inc. (the “Company”), Truist Bank (“Truist”) as the Administrative Agent and Issuing Bank, and the lenders party thereto (the “Lenders”) entered into an amendment (the “Amendment”) to the Second Amended and Restated Credit Agreement dated August 31, 2022, by and among the Company, as Borrower, Truist as Administrative Agent and Issuing Bank, and the Lenders (together with all amendments or other modifications, the “Credit Agreement”).”
Earnings Releases
RING ENERGY, INC. reported third quarter 2023 results: net income ($7.5 million), EPS ($0.04) per diluted share.
“Reported a net loss of $7.5 million, or $(0.04) per diluted share, in the third quarter of 2023”
Earnings Releases
RING ENERGY, INC. reported second quarter of 2023 results: net income net income of $28.8 million, EPS $0.15 per diluted share. Guidance reaffirmed.
“On August 3, 2023, Ring Energy, Inc. (the “Company”) issued a press release announcing its financial and operating results for the second quarter ended June 30, 2023.”
Material Agreements
RING ENERGY, INC. entered into Asset Purchase Agreement with Founders Oil & Gas IV, LLC valued at $75 million (effective 2023-07-10).
“On July 10, 2023, Ring Energy, Inc. (the “Company”), as buyer, and Founders Oil & Gas IV, LLC (the “Founders”), as seller, entered into an Asset Purchase Agreement (the “Purchase Agreement”).”
Governance Changes
RING ENERGY, INC.: Charter Amendment filed with the Secretary of State of Nevada.
“A copy of the Charter Amendment as filed with the Secretary of State of the State of Nevada is included as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.”
Governance Changes
RING ENERGY, INC.: Increased authorized shares of Common Stock from 225 million to 450 million.
“At the Meeting, the Company’s stockholders approved an amendment (the “Charter Amendment”) to the Articles of Incorporation of the Company to increase the authorized shares of Common Stock from 225 million to 450 million.”
Earnings Releases
RING ENERGY, INC. reported first quarter ended March 31, 2023 results: net income $32.7 million, EPS $0.17 per diluted share. Guidance reaffirmed.
“Reported net income of $32.7 million, or $0.17 per diluted share, in the first quarter of 2023”
Material Agreements
RING ENERGY, INC. amended Warrant Amendment and Exercise Agreements with certain holders of the warrants valued at $8,997,543.
“On April 11 and 12, 2023, the Company and certain holders of the warrants (the “Participating Holders”) entered into a form of Warrant Amendment and Exercise Agreements (the “Exercise Agreement”) pursuant to which the Company agreed to reduce the exercise price of an aggregate of 14,512,166 warrants held by such Participating Holders from $0.80 to $0.62 per share (the “Reduced Exercise Price”) in consideration for the exercise of the warrants held by such Participating Holder in full at the Reduced Exercise Price in cash. The Company received aggregate gross proceeds of $8,997,543 from the exercise of the warrants by the Participating Holders pursuant to the Exercise Agreement.”
Earnings Releases
RING ENERGY, INC. updated its fourth quarter and full year 2022 guidance (reaffirmed).
“On March 9, 2023, Ring Energy, Inc. (the “Company”) issued a press release announcing its financial and operating results for the fourth quarter and year ended December 31, 2022.”
Earnings Releases
RING ENERGY, INC. reported the third quarter of 2022 results: revenue $94.4 million, net income $75.1 million, EPS $0.49 per diluted share. Guidance reaffirmed.
“generation and ability to more quickly pay down debt assuming current oil and gas prices continue; · Recorded the highest quarterly sales revenue in the Company’s history of $94.4 million, an 11% increase from the second quarter of 2022; · Increased sales volumes to 13,278 barrels of oil equivalent per day (“Boe/d”) (76% oil, 13% natural gas and 11% natural gas”
Governance Changes
RING ENERGY, INC.: Company filed Certificate of Withdrawal of Certificate of Designation to eliminate authorization of Series A Convertible Preferred Stock, all shares of which have been fully converted; such shares return to authorized, unissued and undesignated preferred stock (effective 2022-10-31).
“On October 31, 2022, Ring Energy, Inc. (the “Company”) filed with the Secretary of State of Nevada a Certificate of Withdrawal of Certificate of Designation to eliminate the authorization of its Series A Convertible Preferred Stock, of which all 153,176 shares have been fully converted and are no longer outstanding. As a result of the filing, such previously authorized and issued shares of Series A Preferred Stock return to being authorized, unissued and undesignated shares of preferred stock.”
Shareholder Votes
RING ENERGY, INC. shareholders approved To authorize the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to approve and adopt the proposal listed above. at the 2022-10-27 meeting.
“Proposal 2 To authorize the adjournment of the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to approve and adopt the proposal listed above. 67,535,090 4,442,239 759,320”
Shareholder Votes
RING ENERGY, INC. shareholders approved To approve, pursuant to NYSE American Listing Rule 712(b), the issuance of 42,548,903 shares of Common Stock, upon conversion of 153,176 shares of Series A Convertible Preferred Stock, par value $0.001 per share. at the 2022-10-27 meeting.
“Proposal 1 FOR AGAINST ABSTAIN To approve, pursuant to NYSE American Listing Rule 712(b), the issuance of 42,548,903 shares of Common Stock, upon conversion of 153,176 shares of Series A Convertible Preferred Stock, par value $0.001 per share. 68,835,720 3,763,113 137,816”
David S. Habachy was appointed as Director at RING ENERGY, INC..
“On September 1, 2022, the Board increased the size of the Board from seven members to nine members and appointed Messrs. Ben-Dor and Habachy as directors to hold office until Ring’s annual meeting of stockholders in 2023 and the election of their successors.”
Roy I. Ben-Dor was appointed as Director at RING ENERGY, INC..
“On September 1, 2022, the Board increased the size of the Board from seven members to nine members and appointed Messrs. Ben-Dor and Habachy as directors to hold office until Ring’s annual meeting of stockholders in 2023 and the election of their successors.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.