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; each share of Common and Series B Preferred Stock gets one vote.

• 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 issuing 2,000,000 new shares to Realty Advisors, Inc.

• Shareholders may vote in person, by proxy, or online; a majority of shares present or by proxy constitutes a quorum.

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

• Shareholder proposals for the 2027 meeting must be received by December 31, 2026.

Board of directors and corporate governance

• Board consists of five members, with standing Audit, Governance and Nominating, and Compensation Committees; all committee members are independent.

• Presiding Director role established to lead executive sessions; Richard W. Humphrey designated for 2025-2026.

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

• Annual review confirmed independence of four directors; nonemployee directors receive annual and meeting fees.

• Stockholders can communicate directly with the Board or presiding director.