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

Issuer:     VNOM Sub, Inc. (—)
CIK:        0001602065
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001602065-23-000080
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602065/000160206523000080/0001602065-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602065/000160206523000080/vnom-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001602065-23-000080

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