On October 29, 2021, Texas Pacific Land Corporation (the “Company”) issued a press release announcing that the Board of Directors of the Company (the “Board”) has determined to postpone the 2021 Annual Meeting of Stockholders (“the 2021 Annual Meeting”) from November 16, 2021 to December 29, 2021. The Board has also fixed the close of business on November 29, 2021 as the new record date for the determination of stockholders entitled to notice of and to vote at the 2021 Annual Meeting or any adjournments thereof.

The Board decided to postpone the 2021 Annual Meeting in order to provide the Company with additional time to review and respond to stockholder proposals that have been received by the Company.

The Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”) on October 4, 2021 and an Amendment No. 1 to the definitive proxy statement with the SEC on October 22, 2021. The Company will be filing a second amendment to the definitive proxy statement with the SEC, which will contain information regarding the postponement.

Get off that ski lift and get yourself to Dallas.

10 thoughts on “Postponed

  1. Be sure to vote “YES” on the bonus to management. They are doing yeoman work making sure the royalty checks get deposited and they get paid every other Friday.
    Maybe $800 is not unimaginable.

    Liked by 1 person

  2. Come to Dallas. My office is just down the street from the meeting. Ill show you some great Texas BBQ.

    Hugh Stephenson

    Build His Kingdom, whatever it takes.

    Liked by 1 person

  3. The Gondola reference is hilarious…. Hope all is well.

    I am still following along but man I’ve had the wind taken out of my sails by the 3 stooges whose footprint is still big and messy.

    Liked by 1 person

  4. I recall reading in a former TPL blog post, in the comment section, that TPL received requests from shareholders to have something (??) put on the ballot. Management balked at the request. The SEC weighed in, to the best of my memory.

    I am thinking this has to do with the delay

    Does this ring a bell with anybody?


  5. Every press release is an open door with clown after clown stepping out. Just when you think there can’t be another freaking clown, the whole procession starts again.

    Just how do you get so many %%$# clowns into one vehicle?

    Liked by 1 person

  6. I wonder if there is a BOD battle going on between the MS group and trustees group. The amendment they made last week stated that absentations would now be counted as “against” votes vs them not being counted at all before, which I found strange as no way the trustees would do that on their own. The endless drama…

    Liked by 1 person

    • Sam77+1, I really think you are right. I dont think MS and Oliver got into this to jump into bed with the former trustees. They make more money if TPL is better managed, and I cant believe they were suckered into a deal that essentially endorses turning this into a cash cow for the clowns. If they left the board we would easily vote down every nonsensical proposal. Something is brewing below the surface.

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  7. I had a dream last night (I really did and I hadn’t read this post yet). In my dream, I watched TPL skyrocket from $1200 per share to over $3500 per share. I immediately sold every share, got myself out of this circus and moved up my retirement date.

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  8. We need to vote all of them out except Stahl & Oliver as they come up for reelection. What greed for doing NOTHiNG except looking at the passive revenue check. There are no decisions required from the Board for counti cash receipts. Great governance from the General too, NOT.

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