{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-324783","form_type":"8-K","ticker":"PBT","cik":"0000319654","company_name":"PERMIAN BASIN ROYALTY TRUST","filed_at":"2025-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.709515+00:00","generated_at":"2026-05-16T12:49:42.476238+00:00","sec_items":["5.07"],"event_type":"regulatory","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Permian Basin Royalty Trust unit holders approve non-binding proposal to seek judicial reformation of Trust Indenture","bullets":["27.9M of 46.6M outstanding units voted; quorum established at special meeting on Dec 16, 2025.","Indenture Reformation Proposal passed with 27.5M For, 245,868 Against, 167,062 Abstain; no broker non-votes.","Non-binding proposal supports changing amendment approval to simple majority of votes cast.","SoftVest Advisors, who requested the meeting, informed Trustee it intends to seek judicial reformation of the Trust Indenture."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-324783","json":"https://secwatch.observer/filing/0001193125-25-324783.json","markdown":"https://secwatch.observer/filing/0001193125-25-324783.md","text":"https://secwatch.observer/filing/0001193125-25-324783.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319654/000119312525324783/0001193125-25-324783-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319654/000119312525324783/2025-12_pbt_spec_mtg_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:49:42.476238+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}