Texas Pacific Land Trust Approves Plan to Reorganize into a Delaware Corporation
Texas Pacific Land Corporation (TPL)
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Source: Business Wire
Corporate Reorganization Is Anticipated to Enhance Governance and Facilitate Business Objectives DALLAS--(BUSINESS WIRE)--The Trustees of Texas Pacific Land Trust (NYSE: TPL) (the “Trust”) announced today that the Trust has approved a plan to reorganize from its current structure to a corporation formed under Delaware law. The Trustees made their determination following careful consideration of the recommendation of the Conversion Exploration Committee of the Trust.“The Trust’s present structure has suited the Trust’s needs and those of its shareholders for more than a century, but a Delaware corporate structure is more aligned with the expectations of today’s investors. A new corporate structure would better allow us to execute on business goals and capitalize on our enviable assets, resources and business potential,” said David E. Barry, a Trustee of the Trust. “With an enhanced governance framework in step with practices of publicly traded peer corporations, we expect a new cor
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TPL
Earnings
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Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- TPL's page on the SEC website