EXCO Resources, Inc. Announces Change to Board of Directors
October 06 2017 - 5:16PM
Business Wire
EXCO Resources, Inc. (NYSE:XCO.BC) (“EXCO” or the “Company”)
today announced the resignation of Stephen J. Toy from the
Company’s Board of Directors (the “Board”), effective as of October
6, 2017. Mr. Toy originally joined the Board in March 2017.
At the time of his resignation, Mr. Toy was a member of each of
the Audit Committee, Compensation Committee and Nominating and
Corporate Governance Committee of the Board. The resignation of Mr.
Toy was not the result of any disagreement with the Company on any
matter relating to the Company’s operations, policies or practices.
Following Mr. Toy’s resignation, the Company will continue to have
the required number of independent directors on its Board
committees, as well as a majority of independent directors, each as
required by New York Stock Exchange listing standards.
About EXCO
EXCO Resources, Inc. is an oil and natural gas exploration,
exploitation, acquisition, development and production company
headquartered in Dallas, Texas with principal operations in Texas,
North Louisiana and the Appalachia region. EXCO’s headquarters are
located at 12377 Merit Drive, Suite 1700, Dallas, TX 75251.
Forward-Looking Statements
This release may contain forward-looking statements relating to
future financial results, business expectations and strategic and
financial alternatives and other business transactions. Actual
results may differ materially from those predicted as a result of
factors over which EXCO has no control. Such factors include, but
are not limited to: EXCO’s liquidity, sources of capital resources
and ability to implement or execute on any strategic or financial
initiatives, adjust its capital structure, or increase its
liquidity; the continued volatility of, or depressed prices in, the
oil and gas markets; the continued listing of EXCO’s common shares
on the NYSE; the estimates of reserves; availability and costs of
services and materials; commodity price changes; regulatory
changes; and general economic conditions. These and other factors
are included in EXCO’s reports on file with the SEC. Except as
required by applicable law, EXCO undertakes no obligation to
publicly update or revise any forward-looking statements.
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EXCO Resources, Inc.Tyler S. Farquharson, 214-368-2084Vice
President, Chief Financial Officer and
Treasurerwww.excoresources.com