Unit Corporation (NYSE:UNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Unit Corporation (NYSE:UNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On December 14, 2016, John G. Nikkel informed the Board of
Directors of Unit Corporation (the Company), that he is retiring
as a director and chairman of the board effective December 31,
2016. Mr. Nikkels decision to retire did not involve any
disagreement with the Company, Company management, or the Board
on any matter relating to the Companys operations, policies, or
practices.
J. Michael Adcock, a current director, has been selected to serve
as chairman of the board.
Section 7 – Regulation FD
Item 7.01. Regulation FD Disclosure.
On December 19, 2016, the Company issued a press release
announcing the retirement of Mr. John Nikkel as a director and
chairman of the board of the Company effective December 31, 2016.
The information included in this report and in exhibit 99.1 shall
not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as expressly
set forth by specific reference in the filing.
Section 9 – Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1
Press release dated December 19, 2016


About Unit Corporation (NYSE:UNT)

Unit Corporation is an oil and natural gas contract drilling company. The Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling and Mid-Stream. It is primarily engaged in the exploration, development, acquisition, and production of oil and natural gas properties, the land contract drilling of natural gas and oil wells, and the buying, selling, gathering, processing and treating of natural gas. Its Oil and Natural Gas operations are carried out by its subsidiary Unit Petroleum Company. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. Contract Drilling operations are carried out by subsidiary Unit Drilling Company. It drills onshore oil and natural gas wells for its own account, as well as for other oil and natural gas companies. Its Mid-Stream operations are carried out by subsidiary Superior Pipeline Company, L.L.C.

Unit Corporation (NYSE:UNT) Recent Trading Information

Unit Corporation (NYSE:UNT) closed its last trading session up +0.67 at 27.02 with 407,575 shares trading hands.

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