On April 04, 2013, Abraxas Petroleum Corporation announced the nomination of Jerry J. Langdon to the Company's Board of Directors and the Board's intention to name Katherine T. Richard to fill an expected Board vacancy. In addition, the Company announced that Langdon will stand for election at the Company's 2013 annual meeting of stockholders. Furthermore, the Company announced that Richard will fill the vacancy in the Board created by the retirement of C. Scott Bartlett from the Board.

Further, the Company announced that with the addition of Langdon, the Company's Board will be expanded from 9 to 10 directors, 9 of whom will be independent. Further, in conjunction with the appointments Langdon and Richard, the Company announced that the Clinton Group, Inc. has notified the Company that it is withdrawing its slate of nominees for election to the Company's Board of Directors at the 2013 annual meeting of stockholders. Furthermore, the Company announced that The Clinton Group has agreed to vote its shares in support of all of the Company's director nominees in 2013 and to abide by certain standstill provisions.