Halcón Resources Corporation and its subsidiaries (collectively, the Debtors) filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the Chapter 11 Cases, and such court, the Bankruptcy Court) on August 7, 2019. On September 24, 2019, the Bankruptcy Court entered an order (the Confirmation Order) confirming the Debtors’ Joint Prepackaged Plan of Reorganization, as modified by the Confirmation Order (the Plan). On October 8, 2019 (the Effective Date), the Plan became effective in accordance with its terms and the Debtors emerged from the Chapter 11 Cases. As of the Effective Date, the Board consists of seven (7) directors. The following directors were deemed to have resigned from the Board as of the Effective Date: William J. Campbell, James W. Christmas, Michael L. Clark, Janine J. McArdle, Darryl L. Schall, Ronald D. Scott, Nathan W. Walton, Carin M. Barth. Richard Little, the Company’s Chief Executive Officer, will continue as Chief Executive Officer and as a director of the company. Pursuant to the Plan, the following persons were appointed to the Board as of the Effective Date: William Transier, Scott Germann, Gregory Hinds, William Carapucci, David Chang and Allen Li (each, a “New Director”). Scott Germann, age 58, currently serves as Chief Executive Officer of Ridge Runner Resources, LLC. William Transier, age 65, currently serves as Chief Executive Officer of Transier Advisors, LLC. Gregory Hinds, age 56, is the founder of Fenceline Minerals. William Carapucci, age 36, currently serves as Managing Director at Luminus Management. Allen Li, age 29, currently serves as Vice President in the Opportunities Funds at Oaktree Capital. David Chang, age 39, currently serves as Vice President at LSP Investment Advisors where he is responsible for originating and managing investments in the energy sector across capital structures.