Anthony Petrelli
RING ENERGYAbout Anthony B. Petrelli
Anthony B. Petrelli, age 72, has served on Ring Energy’s Board since 2013 and is the Lead Independent Director. He began his career in 1972 in investment banking, is a longtime FINRA committee participant (including Vice Chair of the National Adjudicatory Council), and holds a CERT certificate in Cybersecurity Oversight from Carnegie Mellon. He earned a BS in Finance and MBA from the University of Colorado and an MA in Counseling from Denver Seminary; he is also a Licensed Professional Counselor and founded Equinox Counseling LLC in 2012 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| NTB Financial Corporation | President, Chairman & Director of Investment Banking Services | 2010–2022 | Led corporate finance/underwriting; extensive regulatory committee service |
| FINRA/NASD | Committee member and leadership roles | Various years | Corporate Finance Committee; National Adjudicatory Council (Vice Chair); Small Firm Advisory Board; District 3 Business Conduct Committee (Chair); Arbitrator |
| Arena Resources Inc. (NYSE: ARD) | Director; Audit Committee member | Prior service (dates not specified) | Energy E&P governance experience |
| Natural Gas Services Group (NYSE: NGS) | Director | Prior service (dates not specified) | Energy services governance experience |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Sensus Healthcare, Inc. (NASDAQ: SRTS) | Director; Audit Committee member | Since 2016 | Financial oversight; REI listed as other public board in SRTS profile |
| Momentum Independent Network | Registered Representative & Financial Consultant | Since 2023 | Ongoing industry involvement |
| Southwest Counseling Associates | Director | Prior service (dates not specified) | Community governance experience |
| Equinox Counseling LLC | Founder; LPC, NCC, ACS | Since 2012 | Clinical practice leadership |
Board Governance
- Lead Independent Director responsibilities include presiding over executive sessions, advising the CEO, setting Board agendas and information, calling meetings of independent directors, contributing to CEO review and succession planning, and engaging with major shareholders when appropriate .
- Independence: The Board determined Mr. Petrelli is independent under NYSE American rules; six of seven directors are independent .
- Committee memberships (2024): Served on Audit (six meetings; Chair changed to T. Mitchell mid‑year), Compensation (four meetings; Chair J. Crum), and Nominating, Environmental, Social & Governance (NESG) (three meetings; Chair R. Roesener) .
- Attendance: Board held 11 meetings in 2024; no director attended fewer than 75% of Board and committee meetings .
- Hedging/pledging: Company policy prohibits directors and officers from hedging or pledging Company stock .
Fixed Compensation
| Component (Non-Employee Director, 2024) | Amount (USD) | Notes |
|---|---|---|
| Cash fees (retainer + roles) | $100,000 | Fees earned or paid in cash |
| Equity awards (RSUs grant-date fair value) | $87,838 | RSUs granted Feb 13, 2024 |
| Total | $187,838 | 53% cash / 47% equity mix |
Additional director program features:
- Director stock ownership guidelines: 5x annual cash retainer; three years to comply; options and unvested PSUs excluded; must hold two-thirds of net shares from vesting until guideline met .
- Company reduced NEO and director equity award quantum in 2024 via above‑market grant pricing to minimize dilution (41% reduction) .
Performance Compensation
| Item | Details |
|---|---|
| Director performance-based pay | None; director equity grants are service‑based RSUs (no performance metrics) |
Other Directorships & Interlocks
| Company | Role | Overlap/Interlock Considerations |
|---|---|---|
| Sensus Healthcare (NASDAQ: SRTS) | Director; Audit Committee | Healthcare device; no disclosed related‑party transactions with REI |
| Arena Resources (NYSE: ARD) | Former Director; Audit Committee member | Energy E&P; prior role only |
| Natural Gas Services Group (NYSE: NGS) | Former Director | Energy services; prior role only |
No related‑party transactions involving Mr. Petrelli were disclosed; Audit Committee reviews and must approve any related‑party transactions with directors based on Company best interests .
Expertise & Qualifications
- Corporate finance, underwriting, and capital markets leadership across five decades; deep regulatory governance through FINRA roles .
- Cybersecurity oversight credential (CERT), valuable for audit/risk oversight .
- Energy industry board experience (E&P and services), plus healthcare audit experience .
Equity Ownership
| Measure | Value |
|---|---|
| Beneficial ownership (April 4, 2025) | 683,862 shares; <1% of outstanding (206,509,126 shares outstanding) |
| Unvested RSUs (Dec 31, 2024) | 67,568 units |
| Pledging/Hedging | Prohibited by Insider Trading Policy |
Ownership guideline context:
- Directors must hold stock equal to 5x cash retainer; compliance measured over three years with specified exclusions (options, unvested PSUs) .
Insider Trades and Ownership Trend
| Date (Proxy) | Reported Beneficial Shares |
|---|---|
| Nov 2014 | 100,000 |
| Nov 2016 | 128,000 |
| Nov 2017 | 179,000 |
| Apr 2022 | 408,296 (includes near-term vesting RSUs per footnote) |
| Apr 2025 | 683,862 |
Note: Proxy statements report beneficial ownership snapshots; recent Form 4 insider transactions were not detailed in the 2025 proxy materials. Related‑party transaction review process is disclosed; none involving Mr. Petrelli were reported .
Governance Assessment
- Strengths: Seasoned independent director with robust finance/risk credentials; serves across all key committees; structured Lead Independent Director role enhances oversight and shareholder engagement; strong anti‑hedging/pledging policy supports alignment .
- Alignment signals: Meaningful personal ownership (683,862 shares) and equity-based director pay; director ownership guidelines mandate 5x retainer and share retention until met .
- Compensation structure: Balanced cash/equity mix; equity quantum prudently reduced to limit dilution—shareholder-friendly posture .
- Potential conflict monitoring: Concurrent role as a registered representative at Momentum Independent Network; no related-party transactions disclosed, and Audit Committee oversight procedures in place .
- Attendance and engagement: No directors below 75% attendance; frequent committee meetings with executive sessions on Audit indicate active oversight .