American Resources (AREC) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for August 29, 2025, at corporate headquarters in Fishers, Indiana, for shareholders of record as of July 3, 2025.

• Shareholders will vote on the election of five directors and the ratification of GBQ Partners LLC as the independent auditor for fiscal 2025.

• Proxy materials and annual report are available online and by mail, with voting options including internet, phone, mail, or in-person at the meeting.

• Board recommends voting FOR all director nominees and auditor ratification.

Voting matters and shareholder proposals

• Election of five directors to serve until the 2026 Annual Meeting.

• Ratification of GBQ Partners LLC as independent registered public accounting firm for fiscal 2025.

• Shareholders may submit proposals for the 2025 meeting by August 19, 2025.

Board of directors and corporate governance

• Board consists of five members, with three independent directors.

• Committees include Audit, Compensation, and Environmental, Health, and Safety, each chaired by independent directors.

• Board diversity matrix: 1 female, 4 male directors; all white; no non-binary or LGBTQ+ representation.

• Code of Conduct and Financial Code of Ethics available online; conflicts of interest and related-party transactions reviewed by Audit Committee.

• Board met 15 times in 2024; 100% attendance by all directors.