Viper Energy Partners LP to convert to corporation on Nov 13; symbol remains VNOM

VNOM Sub, Inc.

Conversion from Delaware LP to corporation Viper Energy, Inc., effective 12:01 a.m. ET on Nov 13, 2023.
Each common unit converts into one share of Class A common stock; Class B units convert to Class B common stock; general partner interest cancelled.
Diamondback entities will own ~56% of outstanding common stock post-Conversion, making Viper a controlled company under Nasdaq rules.
Common stockholders gain voting rights including election of directors; Diamondback can designate up to 3 directors while owning ≥25%.
Kaes Van't Hof appointed to the General Partner board effective Nov 3, 2023; no additional compensation for board service.

item 1.01 item 8.01 item 5.02 item 5.03 item 9.01

Executive movements

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Appointed

Kaes Van’t Hof

Director

VNOM Sub, Inc.

Effective: 2023-11-03
Filed: November 2, 2023, 7:59 PM ET

On November 2, 2023, Kaes Van’t Hof, who currently serves as President of Viper Energy Partners GP LLC, the general partner of the Partnership (the “General Partner”), was appointed to the Board of Directors (the “Board”) of the General Partner, to fill the newly created directorship on the Board, effective as of November 3, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kaes Van’t Hof was appointed as Director at VNOM Sub, Inc..

Action: appointed
Role: Director

Exact text from the filing

On November 2, 2023, Kaes Van’t Hof, who currently serves as President of Viper Energy Partners GP LLC, the general partner of the Partnership (the “General Partner”), was appointed to the Board of Directors (the “Board”) of the General Partner, to fill the newly created directorship on the Board, effective as of November 3, 2023.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

VNOM Sub, Inc.: Second Amendment to LP Agreement clarified conversion conditions and removed general partner interest requirement (effective 2023-11-02).

Change: charter amendment
Effective: 2023-11-02

Exact text from the filing

On November 2, 2023, the General Partner entered into the Second Amendment (the “Amendment”) to the Second Amended and Restated Agreement of Limited Partnership

View on SEC.gov

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Source: SEC EDGAR

accession 0001602065-23-000080

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