Texas Pacific Land Trust Releases Letter to Shareholders Regarding Recently-Filed Lawsuit against Eric Oliver
Let us be clear: although the Trust believes that Mr. Oliver is the wrong choice to become TPL’s next Trustee, in no way is it our goal to prevent shareholders from having their say. We simply believe that shareholders have the right to be fully and accurately informed before they vote – and that Mr. Oliver has misled you.
Unfortunately, the decision to file this lawsuit means that we must postpone our planned shareholder meeting, which had been scheduled to be convened today, May 22, 2019, and immediately adjourned until June 6, 2019. At this time, we do not know when the meeting will take place. Once this litigation is resolved – either in court or by Mr. Oliver providing the necessary disclosures – we will be able to reschedule the meeting.
We realize this news may be frustrating and we appreciate your continued patience. We have a responsibility to protect the interests of the Trust and all its shareholders and will continue to take the necessary steps to ensure you have all the information you need to make a fully-informed decision in this critical election about TPL’s future.
My sense is that there are a bunch of shareholders in Dallas that know exactly when the meeting we be.