Evolution Petroleum (EPM) Proxy Filing summary

Executive summary

• The 2024 annual meeting will be held on December 5, 2024, at the company’s Houston offices, with voting on four key proposals and management reporting on operations for the fiscal year ended June 30, 2024.

• Shareholders of record as of October 15, 2024, are entitled to vote, with proxy materials distributed primarily via internet access to reduce costs and environmental impact.

• The board recommends voting in favor of all proposals, including director elections, auditor ratification, equity plan amendments, and executive compensation approval.

Voting matters and shareholder proposals

• Shareholders will vote to elect six directors, ratify Moss Adams LLP as auditor for FY2025, approve an amended 2016 Equity Incentive Plan, and provide an advisory vote on executive compensation.

• The board unanimously recommends voting “FOR” all proposals.

• Shareholders may submit proposals for the 2025 meeting by June 26, 2025, under Rule 14a-8, or by October 6, 2025, for other nominations.

Board of directors and corporate governance

• The board consists of six directors, with five deemed independent under NYSE American standards.

• Committees include Audit, Compensation, Nominating and Corporate Governance, Investment, Reserves, and Sustainability, all chaired by independent directors.

• Directors attended 100% of board and committee meetings in FY2024; a mandatory retirement age of 75 is in place, with waivers possible.

• The board’s leadership structure includes a Chairman and a Lead Independent Director.