RENN Fund updates on manager’s TPL board role

RENN Fund, Inc. reported that Co-Manager Peter Doyle has been appointed to the Board of Directors of Texas Pacific Land Corporation (TPL), a major holding of the fund, and will also serve on TPL’s strategic acquisitions committee.

Rhea-AI Filing Summary

RENN Fund, Inc. reported that Co-Manager Peter Doyle has been appointed to the Board of Directors of Texas Pacific Land Corporation (TPL), a major holding of the fund, and will also serve on TPL’s strategic acquisitions committee.

In connection with his appointment, Horizon Kinetics Asset Management LLC, the fund’s investment adviser, and its affiliates entered into a Board Representative Agreement under which TPL agreed to nominate a Horizon designee to its board at the 2026 annual meeting, subject to its nominating committee’s approval. Doyle has been selected as this designee and will receive TPL’s standard non‑employee director compensation. Because of this new board role, Doyle will no longer have investment discretion over TPL positions in any client accounts, including the fund; trading authority over TPL will shift to the fund’s other Co‑Managers.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Terms

Board Representative Agreement, strategic acquisitions committee, non-employee directors, investment discretion, +1 more

5 terms

Board Representative Agreement regulatory

"Horizon Kinetics Asset Management LLC ... entered into a Board Representative Agreement (the “Agreement”)."

strategic acquisitions committee financial

"Mr. Doyle was also appointed to serve on the strategic acquisitions committee of TPL."

non-employee directors financial

"Mr. Doyle will receive the standard compensation for non-employee directors of TPL"

Non-employee directors are board members who do not work for the company as salaried employees and usually do not hold day-to-day management roles. They act like outside referees or independent coaches, providing oversight, asking tough questions, and protecting shareholders’ interests; investors care because these directors help ensure management is accountable, reduce conflicts of interest, and influence decisions that affect company strategy and long-term value.

investment discretion financial

"Mr. Doyle will no longer have investment discretion over TPL in any client accounts"

nominating and corporate governance committee regulatory

"subject to the approval of the nominating and corporate governance committee of the Board"

A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board role did RENN Fund’s Co-Manager Peter Doyle take at Texas Pacific Land Corporation (TPL)?

Peter Doyle was appointed to Texas Pacific Land Corporation’s Board of Directors and to its strategic acquisitions committee. This gives a senior RENN Fund investment professional a direct governance role at a large portfolio holding, potentially aligning oversight with the fund’s long-term interests.

What is the Board Representative Agreement involving Horizon Kinetics and Texas Pacific Land Corporation?

Horizon Kinetics Asset Management LLC and its affiliates entered a Board Representative Agreement with Texas Pacific Land Corporation. Under this agreement, TPL agreed to nominate a Horizon designee to its board at the 2026 annual meeting, subject to nominating committee approval, providing formal representation for Horizon-linked interests.

How does Peter Doyle’s TPL board appointment affect RENN Fund’s investment discretion over TPL shares?

Following his appointment to TPL’s board, Peter Doyle will no longer have investment discretion over TPL in any client accounts, including RENN Fund. Trading discretion over TPL holdings will instead be delegated to the fund’s other Co‑Managers to avoid potential conflicts of interest.

What compensation will Peter Doyle receive for serving as a non-employee director of Texas Pacific Land Corporation?

Peter Doyle will receive the standard compensation package for non-employee directors of Texas Pacific Land Corporation. The details of this compensation are described in TPL’s Definitive Proxy Statement on Schedule 14A filed on September 26, 2025, which outlines typical fees and equity components for such roles.

How is the Horizon designee to TPL’s board selected under the agreement mentioned by RENN Fund (RCG)?

Under the Board Representative Agreement, Horizon Kinetics may designate a candidate, called the HK Designee, for TPL’s board. This person must be approved by TPL’s nominating and corporate governance committee and then nominated for election at the company’s 2026 annual stockholders’ meeting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 04:54 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 5, 2026

RENN Fund, Inc.

(Exact name of Registrant as specified in its charter)

Texas	811-22299	75-2533518
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

470 Park Avenue South,

New York, NY 10016

(914) 703-6904

(Address of principal executive offices)

Registrant’s telephone number, including area code: 646-291-2300

1999 Bryan Street, Suite 900

Dallas, TX 75201-3136

(Former name or former address, if changed since last report)

11520 North N. Central Expressway, Suite 162

Dallas, TX 75243

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
N/A	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

[   ] Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

Item 8.01 Other Events.

The Renn Fund, Inc.

(the “Fund”)

On May 5, 2026, Peter Doyle, a Co-Manager of the Fund, was appointed to the Board of Directors of Texas Pacific Land Corporation (“TPL”), a large holding in the Fund. Mr. Doyle was also appointed to serve on the strategic acquisitions committee of TPL.

As part of Mr. Doyle’s appointment to the Board of TPL, Horizon Kinetics Asset Management LLC, the investment adviser to the Fund, with its respective affiliates (collectively, “Horizon”), entered into a Board Representative Agreement (the “Agreement”). Pursuant to the Agreement, TPL has agreed to, among other things, nominate a designee of Horizon (the “HK Designee”) for election to the board of directors of the Company (the “Board”), subject to the approval of the nominating and corporate governance committee of the Board, at the Company’s 2026 annual meeting of stockholders (the “2026 Annual Meeting”). Pursuant to the Agreement, Peter Doyle has been selected as the HK Designee. Mr. Doyle will receive the standard compensation for non-employee directors of TPL, which is described in the TPL Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on September 26, 2025. The foregoing description of the Agreement is qualified in its entirety by the full text of the Agreement, which is incorporated by reference herein.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001811074/000181107426000033/tpl-20260505.htm

In connection with the foregoing appointment, Mr. Doyle will no longer have investment discretion over TPL in any client accounts, including the Fund. Such trading discretion will be delegated to the other Co-Managers of the Fund.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RENN Fund, Inc.
Date: May 8, 2026	By:	/s/ Jay Kesslen
		Jay Kesslen
		Vice President

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• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB