New Concept Energy (GBR) Proxy filing summary

Executive summary

• Annual Meeting scheduled for June 2026 in Dallas, Texas, to elect five directors, ratify the auditor, and approve issuance of 2,000,000 new shares to Realty Advisors, Inc.

• Only stockholders of record as of May 2026 are entitled to vote; voting can be done by proxy card or online.

• Board recommends voting FOR all proposals, including director nominees, auditor ratification, and share issuance.

Voting matters and shareholder proposals

• Proposals include election of five directors, ratification of Turner Stone & Company LLP as auditor, and approval of new share issuance to Realty Advisors, Inc.

• Shareholders may submit proposals for the 2027 meeting by December 31, 2026.

• Voting is by plurality for directors and majority for other proposals; cumulative voting is not permitted.

Board of directors and corporate governance

• Current board: Gene S. Bertcher, Richard W. Humphrey, Dan Locklear, Cecelia Maynard, Robert C. Canham II.

• All board committees (Audit, Compensation, Governance/Nominating) are composed of independent directors.

• Presiding Director role established; Richard W. Humphrey serves in this position.

• Board met five times in 2025; all directors attended at least 75% of meetings.

• Annual review confirms independence of most directors.