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Lone Star Value Reaches Agreement with Callon Petroleum

February 26, 2016

Street Insider and other media sources reported on an agreement reached between Olshan client Lone Star Value and Callon Petroleum regarding Board composition. Pursuant to the agreement, Callon Petroleum agreed to nominate for re-election three incumbent directors, including Michael L. Finch, who was initially appointed to the Board pursuant to an agreement between Lone Star Value and Callon Petroleum in March 2015. Steve Wolosky, Aneliya S. Crawford and Ryan P. Nebel represent Lone Star Value in connection with its investment in Callon Petroleum.