---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062322"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:25:26.431604+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Texas Pacific Land's proposal to increase authorized shares fails; litigation with Horizon Kinetics continues

## Summary
- Proposal 4 to increase authorized shares from 7,756,156 to 46,536,936 received 2,518,781 For, 4,158,907 Against, 34,090 Abstain.
- If Investor Group (Horizon Kinetics entities) had voted their 1,587,902 shares in favor as per agreement, proposal would have passed.
- Company and Investor Group are engaged in Delaware litigation (No. 2022-1066-JTL) regarding voting commitments.
- Daily vote tallies from November 16, 2022 to May 18, 2023 disclosed in Exhibit 99.1.

## SEC filing metadata
- accession: 0001104659-23-062322
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000110465923062322/0001104659-23-062322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000110465923062322/tm2316194d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062322
- JSON: https://secwatch.observer/filing/0001104659-23-062322.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062322.txt

## Key facts
- Shareholder Votes
  Texas Pacific Land Corp shareholders rejected amendment to the Company’s Certificate of Incorporation increasing the authorized shares of common stock from 7,756,156 shares to 46,536,936 shares at the 2023-05-18 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2023-05-18
  source text: Set forth below are the voting results on Proposal 4, as provided by the Inspector of Election: Votes For Votes Against Abstentions Broker Non- Votes Proposal to approve an amendment to the Company’s Certificate of Incorporation increasing the authorized shares of common stock from 7,756,156 shares to 46,536,936 shares. 2,518,781 4,158,907 34,090 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000110465923062322/0001104659-23-062322-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.