An update from Ring Energy (REI) is now available.
Ring Energy, Inc. announced the retirement of Stephen D. Brooks and his subsequent transition to a consultant role effective July 2, 2024. Under the new Consulting Agreement, Brooks will continue to advise the company on legal and regulatory matters until at least March 31, 2025, with the option to extend monthly thereafter. He will be compensated at $200 per hour and is eligible for expense reimbursement. Additionally, his previous unvested stock awards will vest according to the original schedule as long as he remains a consultant, subject to standard confidentiality and non-solicitation clauses.
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