Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Christoph O. Majeske On March 27, 2024, SilverBow Resources, Inc. (the “Company” or “SilverBow”) received notice of Christoph O. Majeske’s resignation from his position as a Class I director on the Company’s Board of Directors (the “Board”) and as Chair and a member of the Board's Compensation Committee, effective March 27, 2024. Mr. Majeske’s resignation was not the result of any disagreement with SilverBow on any matter relating to the Company’s operations, policies or practices. Appointment of Leland T. Jourdan The Board appointed Leland T. Jourdan, effective as of March 27, 2024, as a Class I director to fill the vacancy created by Mr. Majeske’s resignation. Mr. Jourdan will hold office until the next election of Class I directors and until his respective successor shall have been duly elected and qualified or until his earlier death, resignation, removal, retirement or disqualification. Mr. Jourdan was selected as a director based on his deep experience in the oil and gas industry and leadership and accomplishments in promoting diversity, equity and inclusion. The Board determined that Mr. Jourdan qualifies as an “independent director” under the rules of the New York Stock Exchange. Mr. Jourdan retired from Chevron Corporation (NYSE:CVX), an international oil and gas company, in 2021, having served in a variety of management roles during his 18-year career there, including as Chief Diversity and Inclusion Officer from 2018 to 2021 and Senior Management Sponsor from 2016 to 2018, as well as Vice President, Commercial and Business Development for each of the IndoAsia and Asia South regions. Before joining Chevron, Mr. Jourdan served in management, business development, trading and engineering roles at El Paso Corporation, PG&E Corporation (NYSE:PCG) and Consolidated Natural Gas Company. As a graduate of the US Military Academy at West Point, Mr. Jourdan was commissioned as an officer in the US Army, obtaining the rank of Captain prior to entering the private sector. He currently serves on the board of PROS Holdings, Inc. (NYSE:PRO) and the advisory board of Pulsely, Inc. Mr. Jourdan will participate in the Company’s standard compensation program for non-employee directors, as determined by the Board from time to time. Currently, this program includes a $80,000 annual cash retainer for service on the Board and participation in the Company’s annual long-term incentive program for non-employee directors as recommended by the Company’s Compensation Committee. Under the long-term incentive program, Mr. Jourdan was granted 5,501 RSUs, as a pro-rated portion of the annual long-term equity compensation for 2024 Board service, on March 27, 2024. Such RSUs will vest on the first day of the month following the one year anniversary of the grant date. Mr. Jourdan also entered into a standard indemnification agreement with the Company. Mr. Jourdan may be appointed to committees of the Board at a later date. The Company is not aware of any transactions involving Mr. Jourdan and the Company that require disclosure under Item 404(a) of Regulation S-K. In addition, there are no arrangements or understandings between Mr. Jourdan and any other person pursuant to which he was selected to serve as directors.