---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-337227"
form_type: "8-K"
ticker: "PBT"
cik: "0000319654"
company_name: "PERMIAN BASIN ROYALTY TRUST"
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T12:02:53.856385+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SoftVest sues to modify Permian Basin Royalty Trust, seeking to eliminate supermajority vote

## Summary
- SoftVest (13.3% unitholder) filed a petition on Dec 26, 2025 to amend Trust Indenture.
- Seeks to remove 75% supermajority requirement for amendments and delete prohibited-amendment provisions.
- At Dec 16, 2025 special meeting, 98.5% of votes cast (59.9% quorum) supported non-binding reformation proposal.
- Petition cites modern drilling costs causing no Waddell Ranch distributions since Oct 2024 despite revenue rise.
- Texas Property Code §112.054 invoked; modification would allow majority vote to amend Indenture.

## SEC filing metadata
- accession: 0001193125-25-337227
- form_type: 8-K
- ticker: PBT
- cik: 0000319654
- company_name: PERMIAN BASIN ROYALTY TRUST
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319654/000119312525337227/0001193125-25-337227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319654/000119312525337227/2025-12_pbt_judicial_ref.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-337227
- JSON: https://secwatch.observer/filing/0001193125-25-337227.json
- Plain text: https://secwatch.observer/filing/0001193125-25-337227.txt

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