Goodrich Petroleum Corporation announced that pursuant to the terms of the Merger Agreement with Paloma Partners VI Holdings, LLC and Paloma VI Merger Sub Inc., at the Effective Time, Walter G. Goodrich, Robert C. Turnham, Jr., Ronald F. Coleman, K. Adam Leight, Timothy D. Leuliette, Jeffrey S. Serota, Edward J. Sondey and Thomas M. Souers each ceased to be directors of the Company and members of any committee of the Company’s board of directors. In connection with the Merger, at the Effective Time, Walter G. Goodrich, Robert C. Turnham, Jr., Michael J. Killelea and Kristen M. McWatters each ceased to be officers of the Company.