On September 28, 2020, David S. Schorlemer notified Basic Energy Services, Inc. and its Board of Directors of his decision to voluntarily resign as Executive Vice President, Treasurer and Secretary of the company. Following Mr. Schorlemer's notification of his resignation, on September 29, 2020, the Board of the Company approved the appointment of Adam Hurley to serve as Executive Vice President, Treasurer and Secretary of the company, effective as of October 10, 2020. Mr. Hurley will perform the functions of the company's principal financial officer and principal accounting officer. Mr. Hurley will no longer serve as Executive Vice President, Operations or as the company's principal operating officer. Mr. Hurley, age 39, joined the Company in July 2018 as Vice President of Strategy and Business Development and most recently served as Executive Vice President, Operations. Prior to joining the Company, he was an investment banker focused on oil and gas M&A advisory at Intrepid Partners, an energy-focused merchant bank, from 2016 to 2018 and Goldman Sachs from 2013 to 2016. Following Mr. Hurley's change in role from Executive Vice President, Operations to Executive Vice President, Chief Financial Officer, Treasurer and Secretary, on September 29, 2020, the Board of the company approved the appointment of James F. Newman to serve as Executive Vice President, Operations of the Company, effective as of October 10, 2020. Mr. Newman will perform the function of the company's principal operating officer. Mr. Newman, age 56, has 35 years of related industry experience and has served as Senior Vice President, Agua Libre Midstream since May 2020. He previously served as Senior Vice President, Region Operations from 2013 to May 2020, Group Vice President Permian Business Unit from April 2011 until September 2013, and a Group Vice President since September 2008.