secwatch.observer — SEC 8-K summary
======================================

Issuer:     Texas Pacific Land Corp (TPL)
CIK:        0001811074
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001104659-23-086408
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811074/000110465923086408/0001104659-23-086408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811074/000110465923086408/tm2322532d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086408

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer