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 OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Effective February6, 2018, Lonestar Resources US Inc. (the “Company”) appointed Jason N. Werth, age 42, as Chief Accounting Officer of the Company. Douglas W. Banister will continue in his role as Chief Financial Officer of the Company but will no longer serve as the Company’s principal accounting officer as of the date of Mr.Werth’s appointment.
Prior to joining the Company, Mr.Werth served as Director of Audit at Denbury Resources Inc., an oil and natural gas company, where he worked for the past 7 years. Prior to his time at Denbury Resources, Mr.Werth held controller and other accounting positions at Grande Energy and Orix Corporation and has additionally held various audit and assurance positions at PricewaterhouseCoopers, LLP and Arthur Andersen LLP, where he served for a collective 8 years. Mr.Werth holds both bachelor’s and master’s degrees in accounting from Texas A&M University.
Mr.Werth is not a party to any arrangement or understanding regarding his selection as an officer. Mr.Werth has no family relationships with any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. Mr.Werth is not a party to any transaction required to be disclosed to Item 404(a) of Regulation S-K. Mr.Werth has not entered into any material plan, employment agreement or compensatory arrangement, other than a customary indemnification agreement.
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