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- 21.7% Opposition to Executive Compensation (new) — Elevated say-on-pay opposition suggests meaningful shareholder dissatisfaction with compensation practices that may require board review.
Ring Energy shareholders elect all directors, approve executive pay with 21.7% opposition
Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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medium
Advisory vote on executive compensation passed with 74.1% support, but 21.7% opposition is elevated for a say-on-pay vote and may signal shareholder concerns about compensation practices.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
medium
All seven director nominees elected with support ranging from 73.9% to 88.9% of votes cast; Anthony Petrelli received lowest support at 73.9%, David Habachy highest at 88.9%.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
low
Grant Thornton LLP ratified as independent auditor for fiscal 2026 with 94.1% approval, representing 65.2% of total shares outstanding.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
low
Annual meeting achieved 69.3% shareholder turnout with 145,045,941 shares represented out of 209,395,110 shares outstanding as of April 2, 2026 record date.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
Summary
Ring Energy held its 2026 annual meeting on May 21 with 69.3% shareholder participation. All seven director nominees were elected, though support varied from 73.9% (Anthony Petrelli) to 88.9% (David Habachy). The auditor ratification passed overwhelmingly at 94.1%.
The notable result is the advisory say-on-pay vote, which passed with 74.1% support but drew 21.7% opposition—an elevated level that suggests meaningful shareholder concern about executive compensation practices. While the vote is non-binding, opposition above 20% typically prompts boards to review their compensation programs and engage with dissenting shareholders. Retail holders should watch for any subsequent disclosure about board responses to the vote outcome or changes to compensation structure in future proxy filings.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Ring Energy held its 2026 annual meeting with 69.3% shareholder turnout; all seven directors elected, executive compensation approved, auditor ratified.
Added in current filing · view on EDGAR →
NomineeForWithheldBroker Non-Votes John A. Crum 61,576,65020,924,38462,544,907 David A. Habachy 73,308,1269,192,90862,544,907 Richard E. Harris 61,205,69121,295,34362,544,907 Paul D. McKinney 71,414,64311,086,39162,544,907 Thomas L. Mitchell 61,715,33620,785,69862,544,907 Anthony B. Petrelli 60,976,49321,524,54162,544,907 Carla Tharp 64,753,06817,747,96662,544,907
All seven director nominees were elected. Support ranged from 73.9% to 88.9% of votes cast (74.3% to 88.9% excluding broker non-votes). David Habachy received the highest support at 88.9%, while Anthony Petrelli received the lowest at 73.9%. All directors received majority support representing 29.1% to 35.0% of total shares outstanding.
Added in current filing · verify on EDGAR →
ForAgainstAbstentionsBroker Non-Votes 61,088,33017,921,9723,490,73262,544,907
Shareholders approved executive compensation on an advisory basis with 74.1% of votes cast in favor and 21.7% against. The opposition level of 21.7% is elevated and may warrant board attention to compensation practices. Support represented 29.2% of total shares outstanding.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify