{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-082706","form_type":"8-K","ticker":"PVL","cik":"0001520048","company_name":"Permianville Royalty Trust","filed_at":"2023-07-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.178882+00:00","generated_at":"2026-06-13T05:35:05.213951+00:00","sec_items":["5.07"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Permianville unitholders approve asset sale and distribution; governance amendments fail","bullets":["Proposal 1 approved (56.0% of units); sponsor COERT Holdings 1 sells interests, trust releases NPI, proceeds to be distributed.","Proposal 2 to raise trust agreement threshold to 75% failed: 18,076,943 for (54.8%), short of required 75%.","Proposal 3 to raise conveyance threshold similarly failed: 18,076,800 for (54.8%), needed 75%.","Proposal 4 adjournment approved: 18,239,968 for (55.3%)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-082706","json":"https://secwatch.observer/filing/0001104659-23-082706.json","markdown":"https://secwatch.observer/filing/0001104659-23-082706.md","text":"https://secwatch.observer/filing/0001104659-23-082706.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/tm2321684d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:35:05.213951+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2b095231e787764d91bac805cdb5c43e61db9bfc","claim":"Permianville Royalty Trust shareholders rejected Amendment to Conveyance of Net Profits Interest to raise threshold requirements at the 2023-07-19 meeting.","evidence_excerpt":"The final voting results with respect to Proposal 3 were as follows: For Against Abstain Broker Non-Votes 18,076,800 1,840,750 585,142 1,599 To be approved, Proposal 3 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing at least 75% of the outstanding Trust units. Accordingly, Proposal 3 was not approved, as unitholders owning only approximately 54.8% of the outstanding Trust units voted for the proposal.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-07-19"}],"fact_type":"shareholder_vote"},{"claim_id":"3f05111799da430bb4b8d69a9813035d316ec604","claim":"Permianville Royalty Trust shareholders rejected Amendment to Trust Agreement to raise threshold requirements for unitholder votes at the 2023-07-19 meeting.","evidence_excerpt":"The final voting results with respect to Proposal 2 were as follows: For Against Abstain Broker Non-Votes 18,076,943 1,822,891 602,158 2,299 To be approved, Proposal 2 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing at least 75% of the outstanding Trust units. Accordingly, Proposal 2 was not approved, as unitholders owning only approximately 54.8% of the outstanding Trust units voted for the proposal.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"failed"},{"label":"Meeting","value":"2023-07-19"}],"fact_type":"shareholder_vote"},{"claim_id":"406e64f45927b474c6df3622eafa44291460ecf9","claim":"Permianville Royalty Trust shareholders approved Approval of transaction involving sale of sponsor's interests and release of net profits interest at the 2023-07-19 meeting.","evidence_excerpt":"The final voting results with respect to Proposal 1 were as follows: For Against Abstain Broker Non-Votes 18,464,114 1,603,596 434,848 1,733 To be approved, Proposal 1 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing a majority of the outstanding Trust units. As of the record date, there were 33,000,000 Trust units outstanding and entitled to vote at the Special Meeting. Accordingly, Proposal 1 was approved, as unitholders owning approximately 56.0% of the outstanding Trust units voted for the proposal.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-07-19"}],"fact_type":"shareholder_vote"},{"claim_id":"a26d36eb760f844b714b627077788ef1d7b60585","claim":"Permianville Royalty Trust shareholders approved Adjournment of Special Meeting to permit solicitation of additional proxies at the 2023-07-19 meeting.","evidence_excerpt":"The final voting results with respect to Proposal 4 were as follows: For Against Abstain Broker Non-Votes 18,239,968 1,706,125 550,094 8,104 To be approved, Proposal 4 required the affirmative vote of unitholders who, as of the record date for the Special Meeting, held Trust units representing a majority of the outstanding Trust units. Accordingly, Proposal 4 was approved, as unitholders owning approximately 55.3% of the outstanding Trust units voted for the proposal.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-07-19"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}