WildHorse Resource Development Corporation (NYSE:WRD) 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 January25, 2019, WildHorse Resource Development Corporation (the “Company”) entered into a Confidentiality, Non-Competition, Non-Solicitation Agreement (the “Non-Competition Agreement”) with each of Jay Graham and Anthony Bahr (the “Executives”). Under the Non-Competition Agreement, the Executives are bound by a perpetual confidentiality covenant and may not, at any time, disclose any confidential or proprietary information belonging to the Company or any of its subsidiaries (the “Company Group”). Further, the Non-Competition Agreement provides that, subject to certain exceptions enumerated therein, for a period of 12 months following the date on which the Executives are no longer employed by the Company Group, the Executives will be prohibited from (i)directly or indirectly engaging in business and operations that are the same or similar to the business and operations in which any member of the Company Group engages, including the acquisition, exploitation, development and production of oil, natural gas and natural gas liquids resources, in the Market Area (as defined in the Non-Competition Agreement), but not including the operation of assets that are owned by an unaffiliated third party, even if such assets are in the Market Area, (ii)appropriating any business opportunity of, or relating to, any member of the Company Group, in the Market Area, or (iii)soliciting, canvassing, approaching, encouraging, enticing or inducing any Protected Customer or Supplier (each as defined in the Non-Competition Agreement) to: (A)cease or lessen its business with any member of the Company Group; or (B)refuse or decline to enter into business with, supply products or services to or purchase products or services from, any member of the Company Group. to the terms of the Non-Competition Agreement, the Executives have agreed that should the Executives violate the terms of the Non-Competition Agreement, the Executives will immediately forfeit any rights to payments or benefits to the Company’s Executive Change in Control and Severance Benefit Plan (the “Severance Plan”) and will be required to return any and all payments or monetary benefits received to the Severance Plan prior to such violation.

The Non-Competition Agreement for Mr.Graham and Mr.Bahr is filed as Exhibit10.1 and 10.2, respectively, to this Current Report on Form8-K, and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits