8-K
filed July 3, 2024, 7:59 PM ET
ticker LB
CIK 0001995807
other material
confidence high
sentiment neutral
materiality 0.85
LandBridge completes IPO of 14.5M Class A shares at $17.00, raises $258.4M net
LandBridge Co LLC
- IPO priced at $17.00/share; 14.5M shares sold plus 2.175M overallotment; net proceeds $258.4M after underwriting discounts.
- Concurrent private placement of 750,000 Class A shares to accredited investor for gross proceeds of $12.8M.
- Proceeds used to repay credit facility and make distribution to LandBridge Holdings following reorganization.
- Board of directors appointed: 10 members, including 3 independent directors; Audit Committee formed with chair Valerie P. Chase.
- Shareholder's agreement grants LandBridge Holdings board designation rights while owning ≥10% of shares; LTIP adopted with 3.6M shares reserved.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ben Moore was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael S. Sulton was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Long was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Frank Bayouth was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David N. Capobianco was appointed as Chairman of the Board at LandBridge Co LLC.
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kara Goodloe Harling was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ty Daul was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew K. Morrow was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles Watson was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Valerie P. Chase was appointed as Director at LandBridge Co LLC.
- Action
- appointed
- Role
- Director
Exact text from the filing
David N. Capobianco was appointed as chairman of the Board, and Jason Long, Matthew K. Morrow, Michael S. Sulton, Frank Bayouth, Kara Goodloe Harling, Ben Moore, Charles Watson, Ty Daul and Valerie P. Chase were appointed as members of the board.
View on SEC.gov
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