At page 8, “What is the deadline for receipt of stockholder proposals to be presented at the next annual meeting of stockholders?”
In order for any stockholder proposal submitted pursuant to Rule 14a-8 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to be included in the Company’s Proxy Statement to be issued in connection with the 2023 Annual Meeting of Stockholders, such stockholder proposal must be received by the Company no later than June 9, 2023. Any such stockholder proposal submitted, including any accompanying supporting statement, may not exceed 500 words, as per Rule 14a-8(d) of the Exchange Act. Any such stockholder proposals submitted outside the processes of Rule 14a-8 promulgated under the Exchange Act, which a stockholder intends to bring forth at the Company’s 2023 annual meeting of stockholders, will be untimely unless it is received between July 19, 2023 and August 18, 2023 in accordance with our bylaws. Any changes to such dates will be disclosed in our periodic reports on Form 10-Q or Form 10-K, or current reports on Form 8-K, filed with the SEC. Any such request should be directed to the Company’s Secretary at 1700 Pacific Avenue, Suite 2900, Dallas, Texas, 75201 or (214) 969-5530. In order for stockholders to give timely notice of nominations for directors, other than those nominated by the Company, for inclusion on a universal proxy card in connection with the 2023 Annual Meeting, notice must be submitted no later than September 17, 2023 and include all of the information required by Rule 14a-19 under the Exchange Act.
5 thoughts on “Proposals Due by 6/9”
New executive compensation plan tied to controllable factors. Cancel shares.
Whereas the co-chairs of the TPL Board have fought against its largest shareholders to the point of hiring private investigators and pursued multiple legal battles against them.
Whereas the largest shareholders’ actions of pursuing the conversion of the Trust into a C Corporation has led to the largest catalyst to an increase in shareholder value in the history of the company, while the then co-trustees and now co-chairs fought against this conversion.
Whereas the co-chairs, and then co-trustees, have postponed or adjourned the annual meeting because it was clear that shareholder votes were not decided in management’s favor.
Whereas millions of dollars of shareholder money has been used to sue shareholders in multiple attempts to have shareholders vote against their best interest.
Whereas the co-chairs may have deliberately misled shareholders related to the statements of resigned board member, Dana McGinnis, and with the creation of a mergers and acquisitions committee.
Whereas the co-chairs have significantly changed the highly successful strategy of the company from one of share buybacks to one of share dilution and acquisition, while having no expertise in the merger and acquisition arena.
The shareholders vote a claim of No Confidence for Messrs. David E. Barry and John R. Norris III, current co-chairs of the board for Texas Pacific Land Corporation.
I wouldn’t know how to submit this if I had to, but I support anyone who wants to submit it.
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The included link goes to the 2022 Annual Meeting Announcement. But the included text refers to dates in 2023. I agree that the paragraph on Page 8 refers to the 2023 Annual Meeting. Has the meeting date been announced? I find no reference to it on the TPL website.
Any support for relocating the offices to a building with a parking garage that can accommodate large trucks?
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Our company is supposed to have been formed as selfliquiding trust as the land was sold to pay off the stockholders. The shares would be cancelled as they were purchased and not put in the treasury to pass out to the useless board of directors who know nothing about oil royalty. The board should be made up of stockholders who understand the liquidation. The dollars texas pacific gets from the oil that is sold belongs to the stockholders and not the board of directors. The oil company that is taking our oil out has direct deposit to our bank account. Any income the trust should be paid to the shareholders. The shareholders pay taxes on the dividends. We do not need the board of directors to figure out how not to pay the stockholder.
The last few months have been a rude awakening as to what the board of directors really feel their Purpose is. They get to reward themselves with astromonical pay while they own no shares. That way they have trashed our stock price by using stockholders money in a law suit against the largest stockholders. And the ony way to fight them is to sell my stock unbelievable. Otherwise just hang on till they can be voted out of office and hope the stock can retain some value.
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