TPL reaches cooperation agreement with Horizon/SoftVest; two directors to retire

Texas Pacific Land Corp

Cooperation agreement with Horizon Kinetics and SoftVest; will nominate Marguerite Woung-Chapman, Murray Stahl, and Rob Roosa for 2023 annual meeting.
Directors David E. Barry and John R. Norris III will not stand for reelection at the 2023 annual meeting; no disagreement cited.
June 2020 stockholders' agreement with investor group will terminate after 2023 annual meeting; standstill and non-disparagement apply while Stahl or Oliver remain on board.
Pending Delaware litigation (Texas Pacific Land Corp. v. Horizon Kinetics LLC) is unaffected by the agreement.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

John R. Norris III

Director

TPL · Texas Pacific Land Corp

Filed: August 1, 2023, 7:59 PM ET

On July 27, 2023, David E. Barry and John R. Norris III notified the Board that they will not stand for reelection at the 2023 Annual Meeting.

Departed

David E. Barry

Director

TPL · Texas Pacific Land Corp

Filed: August 1, 2023, 7:59 PM ET

On July 27, 2023, David E. Barry and John R. Norris III notified the Board that they will not stand for reelection at the 2023 Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

John R. Norris III departed as Director at Texas Pacific Land Corp.

Action: will not stand for reelection
Role: Director

Exact text from the filing

On July 27, 2023, David E. Barry and John R. Norris III notified the Board that they will not stand for reelection at the 2023 Annual Meeting.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

David E. Barry departed as Director at Texas Pacific Land Corp.

Action: will not stand for reelection
Role: Director

Exact text from the filing

On July 27, 2023, David E. Barry and John R. Norris III notified the Board that they will not stand for reelection at the 2023 Annual Meeting.

View on SEC.gov

Texas Pacific Land Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-086408

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