Evolution Petroleum (EPM) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for December 4, 2025, with four main proposals for shareholder vote, including director elections, auditor ratification, executive compensation approval, and say-on-pay frequency determination.

• Shareholders of record as of October 16, 2025, are eligible to vote, with options to vote by mail, internet, or in person.

• Proxy materials are distributed primarily via internet to reduce costs and environmental impact, with paper copies available upon request.

Voting matters and shareholder proposals

• Six directors are nominated for re-election, all currently serving, with a majority voting policy in place.

• Ratification of Baker Tilly US, LLP as independent auditor for fiscal year ending June 30, 2026, is proposed.

• Advisory vote on executive compensation (say-on-pay) and on the frequency of future say-on-pay votes, with the board recommending annual votes.

• Shareholder proposals for the 2026 meeting must be submitted by June 25, 2026, to be included in the proxy statement.

Board of directors and corporate governance

• The board consists of six members, 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 are generally subject to a mandatory retirement age of 75, with waivers possible by unanimous board vote.

• The board met seven times in fiscal 2025, with 100% attendance by all directors.