Proxy Statement 2022

https://ir.stockpr.com/tpltrust/sec-filings-email/content/0001104659-22-100872/tm2226031d1_pre14a.htm

Thoughts:

1 – Scroll through this blog and look at all of the shit shareholders (even post c-corp) have been put through. Ask who advocated on your behalf and who didn’t. Vote accordingly. Remember the proxy and meeting fun last year?

2 – Non binding say on pay. They don’t care what you think.

3 – For

4 – Is it for split only? Looks like a trap if you read page 20.

5 – For

6 – For

7 – undecided

8 – For

9 – For

Quick instincts above.

Non-votes are “no” votes for 3 and 4.

Proposal Three: Approval of an amendment to the Company’s Certificate of Incorporation providing for the declassification of the Board requires the affirmative vote of the majority of voting power of the outstanding shares of Common Stock entitled to vote on the matter. Abstentions and broker non-votes (if any) will have the effect of a vote “AGAINST” this proposal.

Proposal Four: Approval of an amendment to the Company’s Certificate of Incorporation increasing the amount of authorized shares of Common Stock requires the affirmative vote of the majority of voting power of the outstanding shares of Common Stock entitled to vote on the matter. Abstentions (if any) will have the effect of a vote “AGAINST” this proposal. Because brokers have discretionary authority to vote on this proposal, we do not expect any broker non-votes.

And finally, all proposals are non-binding. What else would you expect?

10 thoughts on “Proxy Statement 2022

    • It’s a trap. They want the ability to increase share count to pay management and use for acquisition currency. Rumor is they are snooping around Mabee. They would need equity for a deal that size.

      Liked by 1 person

  1. sigh.

    always.

    its always something. I get comfortable just sitting and then there is this and then what’s next? I hope this gets voted down in line with the recommendations above. Needs more research.

    Like

  2. Why vote for the auditors? They are tools of management & BOD. The former auditors managed the business fine for decades and weren’t selected by this group.

    Moreover, Deloitte ran a conference where the global CEO was arguing that organic fuels like those from TPL acreage have to be stopped. This is acting against the company’s interests and shareholders should punish them.

    Liked by 1 person

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