RING ENERGY reports 2017 executive compensation

CEO Kelly Hoffman receives $847.2K

RING ENERGY reported fiscal year 2017 executive compensation information on November 14, 2018.

In 2017, four executives at RING ENERGY received on average a compensation package of $643,960, a 7% decrease compared to previous year.

Average pay of disclosed executives at RING ENERGY

Kelly Hoffman, Chief Executive Officer, received $847,240 in total, which decreased by 10% compared to 2016. 72.97% of Hoffman's compensation, or $618,240, was in option awards. Hoffman also received $205,000 in salary and $24,000 in other compensation.

David Fowler, President, received a compensation package of $602,200, which decreased by 10% compared to previous year. 66.95% of the compensation package, or $403,200, was in option awards.

Daniel D. Wilson, Executive Vice President, earned $578,200 in 2017, a 10% decrease compared to previous year.

William R. Broaddrick, Chief Financial Officer, received $548,200 in 2017, which increases by 5% compared to 2016.