New Concept Energy (GBR) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for November 19, 2025, to elect five directors and ratify the independent auditor selection.

• Only stockholders of record as of October 10, 2025, are entitled to vote; 5,131,934 shares of Common Stock and 559 shares of Series B Preferred Stock outstanding.

• Proxy materials and annual reports are available online and by request; voting can be done by mail or online.

Voting matters and shareholder proposals

• Proposals include election of five directors and ratification of Turner Stone & Company LLP as independent auditor.

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

• Plurality of votes required for director election; majority for other proposals.

• Stockholder proposals for the 2026 meeting must be received by December 31, 2025.

Board of directors and corporate governance

• Board consists of five directors, with committees for Audit, Compensation, and Governance/Nominating.

• All committee members are independent per NYSE American standards.

• Presiding Director role established to lead executive sessions; currently held by Richard W. Humphrey.

• Board met five times in 2024; all directors attended at least 75% of meetings.

• Nonemployee directors receive annual retainers and meeting fees; total $42,000 paid in 2024.