Texas Pacific Postpones Annual Meeting
October 29 2021 - 8:30AM
Business Wire
Texas Pacific Land Corporation (NYSE: TPL) (the “Company”) today
announced 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.
About TPL
Texas Pacific Land Corporation is one of the largest landowners
in the State of Texas with approximately 880,000 acres of land in
West Texas, with the majority of its ownership concentrated in the
Permian Basin. The Company is not an oil and gas producer, but its
surface and royalty ownership allow revenue generation through the
entire value chain of oil and gas development, including through
fixed fee payments for use of our land, revenue for sales of
materials (caliche) used in the construction of infrastructure,
providing sourced water and treated produced water, revenue from
our oil and gas royalty interests, and revenues related to
saltwater disposal on our land. The Company also generates revenue
from pipeline, power line and utility easements, commercial leases
and seismic and temporary permits related to a variety of land uses
including midstream infrastructure projects and hydrocarbon
processing facilities.
Additional Information
In connection with the 2021 Annual Meeting, the Company filed a
definitive proxy statement with the SEC on October 4, 2021 and an
Amendment No. 1 to the definitive proxy statement with the SEC on
October 22, 2021. The definitive proxy statement, a form of proxy
and Amendment No. 1 have been made available to the Company’s
stockholders. Stockholders are urged to read the definitive proxy
statement, as amended, and any other documents filed by the Company
with the SEC in connection with the 2021 Annual Meeting because
they contain important information. Stockholders are able to
obtain, for free, copies of documents filed with the SEC at the
SEC’s website at http://www.sec.gov.
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Investor Relations IR@texaspacific.com
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