PHX announces retirement of Director

PANHANDLE OIL AND GAS INC. has announced that Robert O. Lorenz will be retiring from its Board of Directors in March 2019. In compliance with the Company’s Bylaws, Mr. Lorenz was not eligible to serve another term due to age limitations. Mr. Lorenz has served as a Director of Panhandle since 2003 and has served as the Board’s Lead Independent Director since Nov. 1, 2008.

In anticipation of Mr. Lorenz’s retirement, the Board named Chad L. Stephens III as Lead Independent Director effective Oct. 1, 2018. Mr. Stephens joined Panhandle’s Board in 2017.

Paul F. Blanchard Jr., President and CEO of Panhandle, said: “Bob has provided thoughtful guidance and insightful leadership throughout his tenure on the board. We thank him for all his contributions to our success and we wish him all the very best.â€?

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