---
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"
generated_at: "2026-06-13T05:35:05.213951+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Permianville unitholders approve asset sale and distribution; governance amendments fail

## Summary
- 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%).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.07
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-082706
- JSON: https://secwatch.observer/filing/0001104659-23-082706.json
- Plain text: https://secwatch.observer/filing/0001104659-23-082706.txt

## Key facts
- Shareholder Votes
  Permianville Royalty Trust shareholders rejected Amendment to Conveyance of Net Profits Interest to raise threshold requirements at the 2023-07-19 meeting.
  - Outcome: failed
  - Meeting: 2023-07-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm
- Shareholder Votes
  Permianville Royalty Trust shareholders rejected Amendment to Trust Agreement to raise threshold requirements for unitholder votes at the 2023-07-19 meeting.
  - Proposal: charter amendment
  - Outcome: failed
  - Meeting: 2023-07-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm
- Shareholder Votes
  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.
  - Outcome: passed
  - Meeting: 2023-07-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm
- Shareholder Votes
  Permianville Royalty Trust shareholders approved Adjournment of Special Meeting to permit solicitation of additional proxies at the 2023-07-19 meeting.
  - Outcome: passed
  - Meeting: 2023-07-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1520048/000110465923082706/0001104659-23-082706-index.htm

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