PANHANDLE OIL AND GAS INC. (NYSE:PHX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 31, 2020, Robert E. Robotti announced his intention to retire from the Panhandle Oil and Gas Inc. (the “Company”) Board of Directors effective May 1, 2020. Mr. Robotti has served as a Director of the Company since 2004. As a result of Mr. Robotti’s retirement, the Company’s Board of Directors has decided to reduce its size from six directors to five directors at this time and not fill the vacancy created by Mr. Robotti’s departure.

On April 3, 2020, the Company issued a press release announcing the departure of Mr. Robotti as a Director.

A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. This information shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

(d) Exhibits

*Filed herewith

PANHANDLE OIL & GAS INC Exhibit
EX-99.1 2 phx-ex991_30.htm EX-99.1 phx-ex991_30.htm EXHIBIT 99.1   FOR IMMEDIATE RELEASE PLEASE CONTACT: Chad L. Stephens 405.948.1560 Website: www.panhandleoilandgas.com   PANHANDLE OIL AND GAS INC. ANNOUNCES RETIREMENT OF DIRECTOR   OKLAHOMA CITY,…
To view the full exhibit click here

About PANHANDLE OIL AND GAS INC. (NYSE:PHX)

Panhandle Oil and Gas Inc. is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on its mineral and leasehold acreage. The Company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states. The Company’s oil, natural gas liquids (NGLs) and natural gas production is primarily from wells located in Arkansas, Oklahoma and Texas. As of September 30, 2015, the Company’s principal properties consisted of perpetual ownership of 255,411 net mineral acres, held principally in Arkansas, New Mexico, North Dakota, Oklahoma, Texas and six other states; leases on 19,575 net acres primarily in Oklahoma, and working interests, royalty interests, or both, in 6,195 producing oil and natural gas wells, and 65 wells in the process of being drilled or completed.