Antero Resources (AR) AGM 2024 summary

Opening remarks and agenda

• Meeting called to order at 8:30 A.M. Mountain Time, with board members, management, and external representatives present.

• Notice of meeting, record date, and quorum confirmed; stockholder list and affidavit of notice available for inspection.

• Agenda included election of directors, ratification of auditor, advisory vote on executive compensation, and approval of amended long-term incentive plan.

Shareholder proposals

• Election of two Class II Directors for a three-year term: W. Howard Keenan, Jr. and Jacqueline C. Mutschler.

• Ratification of KPMG LLP as independent auditor for 2024.

• Advisory vote on executive compensation and approval of amended 2020 Long-Term Incentive Plan.

Q&A with stakeholders

• Investment-grade credit rating from S&P and Fitch expected to reduce interest expense and letters of credit, reflecting over $2 billion in debt reduction since 2019.

• Diversity initiatives highlighted: women promoted to senior management, 43% of independent directors are women, and over a third of 2023 hires from underrepresented groups.

• Stockholder feedback on 2023 Say on Pay vote led to no off-cycle equity awards in 2023 and no current plans for such awards.