Lonestar Resources US Inc. (NASDAQ:LONE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On November20, 2017, the Board of Directors (the “Board”) of Lonestar Resources US Inc. (the “Company” or “Lonestar”) voted to increase the size of the Board from a total of nine to ten directors and elected Matthew B. Ockwood as a director of the Company. Mr.Ockwood is a Managing Director of Chambers Energy Management, LP, with investment experience covering a range of domestic energy subsectors including upstream, downstream and oilfield services. Prior to joining Chambers Energy Management, Mr.Ockwood was employed by Lehman Brothers where he worked in the Natural Resources investment banking group. As a non-employee director, Mr.Ockwood is eligible to receive compensation for his service on the Board in the same manner as the Company’s other non-employee directors, and is also eligible to receive awards under the Company’s Amended and Restated 2016 Incentive Plan, although no specific compensation or awards have been promised or determined.

Mr.Ockwood was elected to the Board in accordance with the terms of the Amended and Restated Securities Purchase Agreement, dated as of June15, 2017 (the “Chambers SPA”), by and between Lonestar and Chambers Energy Capital III, LP (“Chambers”), an affiliate of Chambers Energy Management, LP, filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, as filed on June21, 2017 and incorporated herein by reference. As previously disclosed, to the Chambers SPA, the Company sold to Chambers, in a private placement under the Securities Act of 1933, as amended, 5,400 shares of the Company’s newly-created Series A-1 Convertible Participating Preferred Stock, par value $0.001 per share (the “Series A-1 Preferred Stock”), and 74,600 shares of Series A-2 Convertible Participating Preferred Stock, par value $0.001 per share (the “Series A-2 Preferred Stock”), for an aggregate purchase price of $78million. As previously disclosed in the Company’s Current Report on Form 8-K, as filed on November7, 2017, the Company’s Series A-2 Preferred Stock was subsequently converted into shares of the Company’s Series A-1 Preferred Stock on November3, 2017.

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