U.S. Energy Corp. Announces Resignation of John Hoffman from the Board
On May 22, 2019, U.S. Energy Corp. and Energy One, LLC (collectively, "Plaintiffs"), Apeg Energy II, LP and Apeg Energy II GP, LLC (collectively, "Defendants") entered into a Final Release and Settlement Agreement with John Hoffman, one of the third-party defendants in the Civil Action, according to which, each party to the Settlement Agreement agreed to settle third-party claims as to Mr. Hoffman. Mr. Hoffman resigns from the Board and each Board committee in respect of Plaintiffs on which he holds a position. Mr. Hoffman was the Chairman of the Compensation Committee and a member of the Audit Committee and the Nominating Committee.