Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Retirement of President and Chief Executive Officer

On February 18, 2020, Larry D. Pinkston notified the board of directors of the company of his decision to retire as the President and Chief Executive Officer of the company, effective March 31, 2020. Mr. Pinkston will continue to serve as a member of the board. Mr. Pinkston's decision to retire did not result from any disagreement with the company, the company's management, or the board.

Appointment of Chief Executive Officer

Effective on Mr. Pinkston's retirement, David T. Merrill, 59, will become the company's President and Chief Executive Officer. Mr. Merrill joined the company in August 2003 and served as its Vice President of Finance until February 2004 when he was elected to the position of Chief Financial Officer and Treasurer, positions he held until November 2017. He has served as the company's Chief Operating Officer since August 2017. Mr. Merrill received a Bachelor of Business Administration Degree in Accounting from the University of Oklahoma and is a Certified Public Accountant.

Mr. Merrill receives a base salary of $545,000 per year. He will continue to participate in employee benefits on terms similar to other executive officers, including eligibility for annual bonuses and equity incentives under the company's Second Amended and Restated Stock and Incentive Compensation Plan. No bonuses or equity awards were granted in connection with his promotion.

Mr. Merrill was not elected to his officer position under any arrangement or understanding between him and any other person. There are no transactions with Mr. Merrill that would be reportable under Item 404(a) of Regulation S-K and no family relationships exist between Mr. Merrill and any of the directors or officers of the company.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



      99.1      Press release of Unit Corporation, dated     February 21, 2020

    101.INS   XBRL Instance Document.

    101.SCH   XBRL Taxonomy Extension Schema Document.

    101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document.

    101.DEF   XBRL Taxonomy Extension Definition Linkbase Document.

    101.LAB   XBRL Taxonomy Extension Labels Linkbase Document.

    101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document.

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