Unit Corp. Emerges From Chapter 11, Appoints New Directors

Unit Corp. said it has emerged from Chapter 11 bankruptcy protection.

• The company will issue a total of 12 million shares of new common shares
• The new board consists of seven members, including Robert Anderson, Alan Carr, Phil Frohlich, Steven Hildebrand, David Merrill, Philip Smith, and Andrei Verona
• Unit Corp. is seeking to facilitate trading of the new common stock on one of the OTC markets

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