EXCO RESOURCES, INC. (NYSE:XCO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On October6, 2017, Stephen J. Toy delivered a letter to EXCO Resources, Inc. (the “Company”) stating that he resigned from his position as a member of the Company’s Board of Directors (the “Board”), effective as of October6, 2017. At the time of his resignation, Mr.Toy was a member of each of the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee of the Board. The resignation of Mr.Toy was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Following Mr.Toy’s resignation, the Company will continue to have the required number of independent directors on its Board committees, as well as a majority of independent directors, each as required by New York Stock Exchange listing standards.
Section7 – Regulation FD
|Item 5.02||Regulation FD Disclosure.|
On October6, 2017, the Company issued a press release announcing the resignation of Mr.Toy. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
In accordance with General Instruction B.2 of Form 8-K, the information furnished to Item 5.02 (including the information in Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Section9 – Financial Statements and Exhibits
|Item 5.02.||Financial Statements and Exhibits.|
EXCO RESOURCES INC ExhibitEX-99.1 2 d464949dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 EXCO Resources,…To view the full exhibit click
About EXCO RESOURCES, INC. (NYSE:XCO)
EXCO Resources, Inc. (EXCO) is an oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Company’s principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region. The Company holds acreage positions in approximately three shale plays in the United States, including East Texas and North Louisiana, South Texas and Appalachia. In East Texas and North Louisiana, the Company holds approximately 83,800 net acres in the Haynesville and Bossier shales. In South Texas, it holds approximately 65,800 net acres in the Eagle Ford shale. In Appalachia, the Company holds approximately 137,400 net acres prospective in the Marcellus shale.