NGS Announces Retirement Plans of Chairman Emeritus and Director Stephen Taylor

Core Viewpoint - Natural Gas Services Group, Inc. ("NGS") announces the retirement of Stephen Taylor, Chairman Emeritus, from the Board of Directors, concluding over two decades of leadership and service to the company [1][5]. Leadership Transition - Stephen Taylor served as CEO and Chairman for nearly 20 years, during which NGS experienced significant growth and developed new operational capabilities [2]. - Under Taylor's leadership, NGS expanded its national footprint and broadened its equipment portfolio, establishing a large horsepower fleet [2][3]. - NGS transformed from a small compression fabricator into a large-scale rental compression platform serving major U.S. oil and gas basins [3]. Legacy and Impact - Taylor completed a planned leadership transition in February 2024, passing the CEO role to Justin Jacobs while continuing to provide guidance as a director [4]. - His leadership was instrumental in building a durable business with strong fundamentals, and his guidance during the CEO transition was invaluable [5]. - Taylor expressed pride in NGS's achievements and confidence in the company's future success, retaining a significant equity interest in the company [5]. Board Governance - The Board of Directors is engaged in regular governance and succession planning processes and will announce any changes to Board composition as they develop [5].