Below are a couple recent links from the SEC site. Looks like TPL has no interest in adopting either proposal. Zaccheo makes a great point about future share repurchase authorizations. Where are they?
5 thoughts on “Unadopted Proposals”
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Very frustrating. Perpetually frustrating.
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FYI, for those continuing to e-mail the board, I found Barbara Duganier’s personal email: bduganier@hotmail.com
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I sent my letter to the Board 10 days ago. I just received a call from TPL’s investor relations department. They wanted to reach out to answer any questions or get any feedback. They said they are happy to talk to any shareholder (with 1 share or an institutional holder). So, call TPL investor relations with any comments (they asked!!!). 214-646-8344
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@Alan What feedback did you give them?
If they’re actively soliciting feedback, we should get a thread with a few bullet points for the TPL-Blog crew to have at the ready if we get similar calls. Always more powerful if they hear consistent messaging from their shareholders!
~Repurchase shares more aggressively
~Stop fighting shareholders and shareholder proposals
~Prove that they are interested in listening to shareholders by including all proposals, even the proposals that the SEC has already said they didn’t need to include, on the proxy
~Pass the declassified board proposal in the boardroom and respond the the public shareholder letter confirming that the action was taken
~Don’t even think about delaying the meeting again, and deduct any postponement costs from the bonuses of the executive team
~Allow all shareholders to ask calls on the quarterly conference calls
~Stop considering M&A. We don’t trust this team to do that. Terminate the employee that joined to do M&A. Give clearer guidance through all communication mediums that that is definitively not in the plans.
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@ Disgruntled Shareholder
I mainly discussed how it was a joke and disgusting that the original trustees are not up for election. I discussed the fact you cannot ask questions on the quarterly conference calls. I discussed it was odd and wrong to have a meeting on one of the last business days of the year.
They listened without much real response (legally they cannot but notes were taken).
I urge people to call. That is a great bullet point list above.
TPL investor relations with any comments (they asked!!!). 214-646-8344
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