Panhandle Oil and Gas Inc. announced the its shareholders, at their annual meeting on March 5, 2019, elected one new director to a three- year term and re-elected one incumbent director to an additional three-year term. New director Christopher T. Fraser of Fort Worth, Texas, and incumbent director Robert E. Robotti of New York City were elected to serve three-year terms ending in 2022. Mr. Fraser has broad experience in the chemical industry. He has been an Operating Partner of Advent International Corp., a private equity firm ("Advent"), since 2011 and advises Advent on deals in the industrial sector, with a focus on chemicals and materials. Fraser served as Chairman of the Board of KMG Chemicals Inc. from December 2012 to November 2018 and was a director from May 2008 to November 2018. He also served as Chief Executive Officer and President of KMG Chemicals Inc. from September 2013 to November 2018. He served as the Chief Executive Officer and President of Chemical Lime Co. from 2006 to 2009. Fraser served as the President and Chief Executive Officer of OCI Chemical Corp. from 1997 to 2006. As previously announced, Robert O. Lorenz retired from the Company's board of directors.