Comstock Resources (CRK) Proxy filing summary

Executive summary

• Achieved $1.4 billion in natural gas and oil sales in 2025, with net income of $420.2 million.

• Added three drilling rigs in 2025 to drive production growth for 2026 and 2027.

• Completed divestitures of non-strategic assets for $445 million, reducing debt and improving leverage.

• Delivered a 162% total shareholder return over the last two years, leading the sector.

Voting matters and shareholder proposals

• Shareholders will vote to elect five director nominees, ratify Ernst & Young LLP as independent auditors for 2026, and approve an advisory resolution on 2025 executive compensation.

• Board recommends voting FOR all proposals.

• Proposals are not conditioned on each other.

Board of directors and corporate governance

• Board consists of five members, all nominated for re-election to one-year terms.

• Majority stockholder Jones Partnerships designates five of nine board seats; currently, four board vacancies exist.

• Board maintains a majority of independent directors and has not used NYSE controlled company exemptions.

• Lead Director role established to enhance independent oversight.

• Board committees (audit, compensation, governance/nomination) are composed entirely of independent directors.