Ring Energy, Inc. Appoints Rocky Kwon as Chief Accounting Officer and Principal Accounting Officer

Key Developments Announced

• Ring Energy, Inc. (NYSE American: REI) has announced the appointment of Rocky Kwon as its new Chief Accounting Officer and Principal Accounting Officer, effective March 1, 2026.
• Kwon will also retain his current positions as Vice President and Principal Financial Officer of the Company.
• This move follows the recent commencement of employment by Sundip “Sonu” S. Johl as Executive Vice President and Chief Financial Officer, effective February 27, 2026.

Details of Management Changes

On March 1, 2026, the Board of Directors of Ring Energy, Inc. appointed Rocky Kwon as Chief Accounting Officer and principal accounting officer. Kwon will serve in these roles in addition to his existing responsibilities as Vice President and Principal Financial Officer. He was previously serving as Interim Chief Financial Officer until February 27, 2026, when Sundip “Sonu” S. Johl began his tenure as the company’s permanent Executive Vice President and Chief Financial Officer.

Mr. Kwon has a substantial background within the company, having served as Vice President of Accounting and Assistant Treasurer since March 2025, Controller since July 2021, and Interim Chief Financial Officer and Principal Financial Officer since September 2025. Prior to joining Ring Energy, he was Assistant Controller at Earthstone Energy, Inc. He holds a Bachelor of Business Administration in Accounting from the University of Texas at San Antonio.

What Investors and Shareholders Need to Know

• There are no family relationships between Mr. Kwon and any of the Company’s directors or executive officers.
• There is no arrangement or understanding between Mr. Kwon and any other persons pursuant to which he was appointed as Principal Accounting Officer.
• There are no related party transactions involving Mr. Kwon that are reportable under Item 404(a) of Regulation S-K.

Potential Impact for Shareholders

This announcement represents a significant development for Ring Energy, Inc. The transition in financial leadership, especially the separation of duties between the Chief Financial Officer and the Chief Accounting Officer roles, marks an important step in strengthening the company’s financial reporting and internal controls. The appointment of experienced professionals like Mr. Kwon and Mr. Johl could potentially enhance investor confidence in the integrity of the company’s financial statements and corporate governance.

These changes may be seen as a positive move by the market, as clear and experienced leadership in financial roles is often viewed favorably by investors and may influence the company’s share price. However, it is important to note that no details regarding new compensation arrangements or strategic changes were disclosed in this filing.

Additional Information

• The company’s common stock, \$0.001 par value, continues to trade under the symbol REI on the NYSE American exchange.
• There are no material written communications, soliciting materials, or pre-commencement tender offers associated with this filing.
• Ring Energy, Inc. is incorporated in Nevada, with its headquarters located at 1725 Hughes Landing Blvd., Suite 900, The Woodlands, TX 77380.

Disclaimer: The information provided in this article is based on the latest SEC Form 8-K filing by Ring Energy, Inc. dated March 3, 2026. This article is for informational purposes only and should not be construed as investment advice. Investors should perform their own due diligence and consult with financial advisors before making investment decisions. No warranty is made as to the completeness or accuracy of the information herein.

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