Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers



On January 19, 2021, Stacy Durbin Nieuwoudt was appointed to the Board of
Directors of Independence Contract Drilling, Inc. (the "Company"). In connection
with this appointment, the Company's Board of Directors increased the size of
the Company's Board of Directors from five to six directors.

Ms. Nieuwoudt, age 41, is currently a private investor. From 2017 to 2019, Ms.
Nieuwoudt served as a Senior Industrial and Energy Analyst for Aptigon Capital,
a division of Citadel. From 2010 until 2017, Ms. Nieuwoudt served as a Senior
Energy Analyst for Surveyor Capital, also a division of Citadel. Prior to 2010,
Ms. Nieuwoudt held various research and analyst positions with Crosslink
Capital, Tudor, Pickering, Holt & Co Securities, Encap Investment and Simmons &
Company. Ms. Nieuwoudt graduated from Rice University with a Bachelor of Arts
degree in political science and history.

In connection with her appointment to the Company's Board of Directors, the
Company entered into an indemnification agreement with Ms. Nieuwoudt and granted
her 24,390 restricted stock units (RSUs) pursuant to a restricted stock unit
award agreement under the Company's 2019 Long-Term Incentive Plan, which RSUs
will vest ratably in one-third increments on each anniversary of her appointment
date.

The terms and conditions of the indemnification agreement, the form of which is
filed as Exhibit 10.23 to the Company's Registration Statement on Form S-1/A
filed on July 18, 2014 and the restricted stock unit award agreement, the form
of which is filed as Exhibit 10.32 to the Company's Annual Report on Form 10-K
for the year ended 2019, are incorporated into this Item 5.02 of Form 8-K.

Item 9.01 Financial Statements and Exhibits



(d)  Exhibits

Exhibit
Number                                                    Description

  10.1                     F    orm of Indemnification Agreement (Incorporated here    in     by
                         reference     to Exhibit 10.23 to the Company    '    s Registration Statement
                         on Form S-1/A filed on July 18, 2014)

  10.2                     Form of 2019 Outside Director Restricted Stock Unit Award Agreement
                         (Incorporated herein by reference to Exhibit 10.32 to the Company's Annual
                         Report on Form 10-K filed on March 2, 2020)

  99.1                     Press Release dated January 19, 2021

104                      Cover Page Interactive Data File (embedded within

the Inline XBRL document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses