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Unit Corp. Emerges From Chapter 11, Appoints New Directors

Sept. 3, 2020, 8:25 PM

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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To contact the reporter on this story:
Hari Govind in San Francisco at hgovind@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at ...