A change in the board of directors at Tulsa’s Unit Corporation was announced by the energy company.
It happened when Steven B. Hildebrand informed the board he would not stand for re-election at the 2025 annual meeting of stockholders.
The company explained that in order to keep the mandate in the Company’s charter that the Group 1 class of Directors and the Group 2 class of Directors will consist as nearly as possible of one-half of the total number of directors, the board has accepted the resignation of Alan J. Carr as a Group 2 Director.
It then appointed him to fill the existing vacancy in the Group 1 Directors, resulting in two directors serving as Group 1 Directors and three directors serving as Group 2 Directors. Group 1 Directors will be up for election at the 2025 annual meeting of stockholders.