WildHorse Resource Development Corporation (NYSE:WRD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item5.02.Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

Appointment of Director

On February10, 2017, the Board of Directors (the Board) of
WildHorse Resource Development Corporation (the Company) approved
an increase to the size of the Board from seven to eight members
and the appointment of Grant E. Sims to serve as a director of
the Company. Mr.Sims will serve as an independent director and
has been appointed to serve as a member of the Boards Audit
Committee.

As compensation for services provided as a member of the Board,
Mr.Sims will receive (i)an annual cash retainer of $150,000 and
(ii)an annual restricted stock award equal in value to
approximately $150,000, pro rated for 2017 (determined as of the
applicable date of grant), which award is subject to a one-year
vesting period. Accordingly, Mr.Sims received 10,000 shares of
restricted stock under the Companys 2016 Long Term Incentive Plan
(LTIP) in connection with his appointment to the Board, which
shares will vest in full on the first anniversary of the date of
grant. The restricted stock award was granted to the form of
Restricted Stock Agreement, which is incorporated by reference as
Exhibit 10.1 to this Current Report on Form 8-K and incorporated
by reference into this Item5.02.

The Company agreed to enter into an indemnification agreement
with Mr.Sims (the Indemnification Agreement) in the form entered
into with other directors of the Company. The Indemnification
Agreement provides, among other things, that the Company will, to
the fullest extent permitted by applicable law, indemnify and
hold harmless Mr.Sims against all losses, liabilities, judgments,
fines, penalties, costs, expenses and other amounts that Mr.Sims
reasonably incurs and that result from, arise in connection with
or are by reason of Mr.Simss service as a director or in any
other capacity for the Company or its subsidiaries at the request
of the Company. Under the Indemnification Agreement, in specified
circumstances, the Company must advance payment of expenses to
Mr.Sims, including reasonable attorneys fees, in connection with
certain proceedings. The Indemnification Agreement also provides
that the Company must use its reasonable efforts to maintain
specified insurance policies and coverage. The foregoing
description is qualified in its entirety by reference to the full
text of the Indemnification Agreement, which is filed as Exhibit
10.2 to this Current Report on Form 8-K and incorporated herein
by reference into this Item5.02.

There are no arrangements or understandings between Mr.Sims and
any other person to which he was selected as a director. Mr.Sims
has no family relationship with any director or executive
officer.

Mr.Sims is the Chief Executive Officer and Chairman of the Board
of the general partner of Genesis Energy Partners, L.P. (GEL).
GEL purchases hydrocarbons from the Company in North Louisiana on
a month to month contract. During the fiscal year ended
December31, 2016, the Company received disbursements from GEL of
approximately $2.5 million, which is less than 1% of GELs
consolidated gross revenue for nine months ended September30,
2016. The Board reviewed and approved the GEL relationship under
the Companys related party transactions policy. The Board
determined that our relationship with GEL does not affect the
independence of Mr.Sims and that Mr.Sims qualifies as independent
in accordance with NYSE listing standards.

Item9.01Financial Statements and Exhibits.

(d) Exhibits.

1

About WildHorse Resource Development Corporation (NYSE:WRD)

WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return. In Southeast Texas, it operates in Burleson, Lee and Washington Counties where it primarily targets the Eagle Ford Shale (Eagle Ford Acreage), which is an active shale trends in North America. In North Louisiana, the Company operates in and around the Terryville Complex, where it primarily targets the overpressured Cotton Valley play (North Louisiana Acreage). The Company’s subsidiaries include WildHorse Resources II, LLC (WildHorse) and Esquisto and Acquisition Co.

WildHorse Resource Development Corporation (NYSE:WRD) Recent Trading Information

WildHorse Resource Development Corporation (NYSE:WRD) closed its last trading session up +0.17 at 14.08 with 120,689 shares trading hands.