3 unchanged sentences
Performance Graph
−Removed: The following graph compares the cumulative 5-year total return attained by stockholders on Ring’s common stock relative to the cumulative total returns of the S&P 500 index and that of a selected peer group, named below.
−Removed: The graph assumes a $100 investment at the closing price on December 31, 2016, and reinvestment of dividends on the date of payment without commission.
+Added: In 2022, we chose to compare our cumulative 5-year total return attained by stockholders on our common stock relative to the cumulative total returns of the S&P Oil and Gas Exploration and Production Select Industry Index (“SPSIOP”), instead of a peer group (“Peer Group”).
+Added: If a company selects a different index or peer group from that used in the immediately preceding fiscal year, the company’s stock performance must be compared with both the newly-selected index or peer group and the index used in the immediately preceding year.
+Added: Accordingly, the following graph reflects a comparison of the cumulative total stockholder return of our common stock relative to the cumulative total returns of the S&P 500 Index, the SPSIOP and the 2021 Peer Group.
+Added: The graph assumes the investment of $100 on December 31, 2017 in our common stock and each index and the reinvestment of all dividends, if any.
This table is not intended to forecast future performance of our common stock.
−Removed: * The peer group consists of:
−Removed: Abraxas Petroleum Corporation, Amplify Energy Corp., Civitas Resources, Inc., Earthstone Energy, Inc., Laredo Petroleum, Inc., Ranger Oil Corporation, SilverBow Resources, Inc., and W&T Offshore, Inc., each of which is in the oil and natural gas exploration and production industry.
−Removed: The performance graph above is furnished and not filed for purposes of Section 18 of the Exchange Acts and will not be incorporated by reference into any registration filed under the Securities Act unless specifically identified therein as being incorporated by reference.
−Removed: The performance graph is not solicitation material subject to Regulation 14A.
+Added: * In 2021, the peer group consisted of:
+Added: Abraxas Petroleum Corporation, Amplify Energy Corp., Civitas Resources, Inc., Earthstone Energy, Inc., Vital Energy, Inc.
+Added: (formerly Laredo Petroleum, Inc.), Ranger Oil Corporation, SilverBow Resources, Inc., and W&T Offshore, Inc., each of which is in the oil and natural gas exploration and production industry.
+Added: The performance graph above is furnished and not filed for purposes of Section 18 of the Exchange Act and will not be incorporated by reference into any registration statement filed under the Securities Act unless specifically identified therein as being incorporated by reference.
+Added: The performance graph is not solicitation material subject to Regulation 14A of the Exchange Act.
Record Holders
As of March 9, 2023, there were approximately 76 holders of record of our common stock.
+Added: This is the number of record holders in the records of the transfer agent.
+Added: It does not include holders of shares via brokerage accounts.
Dividend Policy
2 unchanged sentences
Our future dividend policy is within the discretion of our Board of Directors and will depend upon various factors, including our business, financial condition, results of operations, capital requirements and investment opportunities.
−Removed: In addition, our credit facility currently prohibits us from paying dividends.
+Added: In addition, our credit facility contains provisions limiting our ability to pay dividends until certain conditions are met.
Recent Sales of Unregistered Securities and Use of Proceeds from Registered Securities
+Added: The information required by this item was disclosed and reported under Item 3.02, Unregistered Sales of Equity Securities, of our Form 8-K dated August 30, 2022, filed with the SEC on September 6, 2022 , which disclosure is incorporated herein by reference.
Issuer Repurchases
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.