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AGM 2023

May 10, 2023

Operator

Good day, and thank you for standing by, by standing by. Welcome to the 2023 Annual Meeting of Stockholders conference call. At this time, our participants are on a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you'll need to press star one one on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. Now I'd like to hand the conference over to your speaker today, Erin McDowell. Please go ahead.

Erin McDowell
Corporate Secretary, Range Resources

Thank you. Good morning. Thank you for joining the Range Resources Corporation Annual Stockholder Meeting. I am Erin McDowell, the Corporate Secretary. If you have attended our prior annual meetings, you are familiar with our process, and if not, welcome to our annual meeting. This will consist of a relatively short, formal meeting, and if you have any questions about the matters addressed at this meeting, we will have a few minutes at the end. For any other questions about the company, our investor relations team is, as always, available to speak to you. At this time, I will turn the meeting over to Greg Maxwell, Chairman of the Board.

Greg Maxwell
Chairman of the Board, Range Resources

Thank you, Erin. Good morning, and welcome to the 2023 Annual Meeting of the Stockholders of Range Resources Corporation. I am Greg Maxwell, Chairman of the Board. With us today are my fellow board members, Brenda Cline, Margaret Dorman, Jim Funk, Steve Gray, Reggie Spiller, and Jeff Ventura, who is retiring as our CEO and as a board member today, and also Dennis Degner, who officially takes on his new role as CEO of the company and as our newest board member. Congratulations to Dennis. I also want to take this opportunity to express, on behalf of the entire board of directors, our sincere gratitude for Jeff Ventura's leadership and service to the company over the past 20 years. Jeff, many thanks for your contributions that have resulted in a successful and resilient business, and we wish you the best in retirement.

We also have representatives of our independent auditing firm, Ernst & Young, joining us on the call today remotely, Cameron Darden and Camille Stout. On behalf of the entire board, I want to thank you for voting your proxy this year, and I assure you, the board carefully considers the results of each year's proxy vote in making decisions about our company. Erin McDowell, who is our Corporate Secretary, will serve as secretary and record the minutes of this meeting. Erin has also been designated to serve as the Inspector of Election of this meeting, and she has confirmed that a quorum is present. Erin?

Erin McDowell
Corporate Secretary, Range Resources

Thanks, Greg. Under the company's Bylaws, the board of directors set March seventeenth, 2023, as the record date. Notice of this meeting was sent on March thirty-first, 2023. There were 241,681,124 shares of common stock outstanding on the record date. On request, we will make available an affidavit relating to such notice and a certified list of the company's stockholders as of the record date, compiled by the company's transfer agent. Each outstanding share of common stock is entitled to one vote on the matters presented for a vote at this meeting. If anyone has a proxy for a stockholder or wants to vote at this meeting, please email a copy of your proof of stock ownership and your vote to emcdowell@rangeresources.com.

At this time, the proposals to be considered at this meeting are as follows: The first item will be the election of seven directors to serve on the board until the next annual meeting. Since it is an uncontested election, the stockholders will elect directors by a majority vote, as provided by the company's bylaws. The second matter will be to consider and vote on a non-binding proposal regarding executive compensation. The third matter will be to consider and vote on a non-binding proposal regarding the company's executive compensation philosophy, also referred to as Say on Pay. Finally, the fourth matter is a proposal to ratify the appointment of Ernst & Young as the registered public accounting firm for our 2023 fiscal year.

There are over 211 million shares of common stock represented at this meeting, equals 87.51% of the outstanding common stock of the company. In voting for directors, the vote in favor for is as follows: Brenda Cline, 97.01%. Margaret Dorman, 99.66%. Jim Funk, 94.82%. Steve Gray, 99.32%. Greg Maxwell, 97.71%. Reggie Spiller, 97.56%. And Dennis Degner, 99.9%. In the advisory voting on the executive compensation proposal, it was approved with a 98.13% of the vote. In voting on the Say on Pay proposal, over 95.8% of the votes were cast in favor of the proposal.

With approval of over 98.28% of the votes cast, Ernst & Young was ratified as the company's registered public accounting firm for 2023. Greg?

Greg Maxwell
Chairman of the Board, Range Resources

Thank you, Erin. There being no further formal business to conduct, the meeting is adjourned. If you have any questions, we will take them now. As I mentioned before, we have been directing your questions and matters addressed in our meeting.

Operator

Thank you. As a reminder, to ask a question, please press star one one on your telephone and wait for your name to be announced. To withdraw your question, please press star one one again. Please stand by while we compile the Q&A roster. One moment for questions. I am showing no further questions. I would now like to turn the call back over to Erin McDowell for closing remarks.

Erin McDowell
Corporate Secretary, Range Resources

Sure. Mr. Chairman, having no questions, I'll turn it to you.

Greg Maxwell
Chairman of the Board, Range Resources

Very good. Thanks, Erin. There being no further questions, I would like to thank you for attending our stockholder meeting and for your interest in and support of the company.

Operator

This concludes today's conference call. Thank you for participating. You may now disconnect.

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