On February 15, 2017, the Board of Directors (the “Board”) of Matador Resources Company (the “Company”) appointed two new directors, Julia P. Forrester and Kenneth L. Stewart.
Ms. Forrester is Associate Provost for Student Academic Services at Southern Methodist University (“SMU”), a role she has held since June 2015. She has served in various administrative positions at SMU since 1995, including serving as Dean ad interim>of the Dedman School of Law from June 2013 to June 2014. Ms. Forrester is also Professor of Law at SMU, having begun her teaching career at SMU in 1990 as an Assistant Professor. She previously practiced law with Thompson & Knight LLP. Ms. Forrester holds a Bachelor of Science degree in Electrical Engineering from the University of Texas at Austin and a law degree from the University of Texas School of Law. Ms. Forrester was appointed by the Board to serve as a director until the 2017 Annual Meeting of Shareholders or her earlier death, retirement, resignation or removal. She was also appointed by the Board to serve on the Audit and Corporate Governance Committees.
Mr. Stewart is presently a partner in, and holds the position of Chair – United States with, Norton Rose Fulbright US LLP, which constitutes the United States operations of Norton Rose Fulbright. Mr. Stewart began his legal career with Fulbright & Jaworski LLP, the predecessor to Norton Rose Fulbright US LLP, and previously held at differing times positions of Global Chair of the international organization, Managing Partner of the United States region, and Partner-in-Charge of the Dallas office. Prior to entering into full-time management for his firm in 2012, he engaged in a transactional legal practice, both domestic and international, focusing principally on merger, acquisition, financing and joint venture activities for both public and privately-held entities. Mr. Stewart holds a Bachelor of Science degree in Business Administration from the University of Arkansas and a law degree from Vanderbilt University. Mr. Stewart was appointed by the Board to serve as a director until the 2017 Annual Meeting of Shareholders or his earlier death, retirement, resignation or removal. He was also appointed by the Board to serve on the Corporate Governance and Compensation Committees.
Ms. Forrester and Mr. Stewart will be compensated according to the director compensation program described in the Director Compensation section of the Company’s Proxy Statement for the Annual Meeting of Shareholders held on June 9, 2016 filed on April 28, 2016 and incorporated herein by reference. They will also each enter into an indemnification agreement with the Company in the form included as Exhibit 10.22 to Amendment No. 1 to the Registration Statement on Form S-1 filed on November 14, 2011 and incorporated herein by reference. Neither Ms. Forrester nor Mr. Stewart have any direct or indirect interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.
About Matador Resources Company (NYSE:MTDR) Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segment is oil and natural gas exploration and production. The Company’s operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. The Company’s properties include approximately 39,000 gross (29,300 net) acres in the Eagle Ford shale play in Atascosa, DeWitt, Gonzales, Karnes, La Salle, Wilson and Zavala Counties in South Texas. The Company operates approximately two rigs in the Eagle Ford shale in South Texas.
Matador Resources Company (NYSE:MTDR) Recent Trading Information Matador Resources Company (NYSE:MTDR) closed its last trading session 00.00 at 26.80 with 2,925,893 shares trading hands.
