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Texas Pacific Land extends 3 executive deals to 2029

The intended meeting date is more than 30 calendar days from the prior annual-meeting anniversary, setting separate proposal and nomination deadlines.

(High)
(Negative)
Form Type
8-K

Rhea-AI Filing Summary

Texas Pacific Land Corporation (TPL) amended the employment agreements of President and Chief Executive Officer Tyler Glover, Chief Financial Officer Chris Steddum, and Senior Vice President, Secretary and General Counsel Micheal W. Dobbs. The amendments extend the agreements’ expiration date from December 31, 2026, to December 31, 2029, with automatic one-year extensions unless either party gives notice of nonrenewal at least 120 days before the current term ends; all other terms remain in effect.

The company intends to hold its 2027 annual meeting on May 6, 2027, more than 30 calendar days before the anniversary of its 2026 annual meeting, which is being held on November 5, 2026. Proper notice of proposals for inclusion under Rule 14a-8 must be received by close of business on November 27, 2026. Other stockholder proposals and director nominations, outside the Rule 14a-8 process, must be received between January 6 and February 5, 2027, under the bylaws.

Positive

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Negative

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Insights

Analyzing...

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.08 Shareholder Director Nominations Governance
Shareholder nominations for board of directors under proxy access rules. Rarely used -- the underlying SEC rule was vacated.
Employment agreement expiration December 31, 2029 Expiration date after amendment
Automatic extension term One year Unless either party gives notice of nonrenewal
Nonrenewal notice At least 120 days Before the end of the then-current term
2027 annual meeting May 6, 2027 Intended meeting date
Rule 14a-8 proposal notice deadline Close of business November 27, 2026 Proper notice for inclusion in 2027 annual meeting proxy materials
Other proposal and nomination window January 6 to February 5, 2027 Stockholder submissions outside the Rule 14a-8 process
Rule 14a-8 regulatory
"pursuant to Rule 14a-8"
Rule 14a-8 is a U.S. Securities and Exchange Commission regulation that lets eligible shareholders put proposals on a public company’s proxy ballot for an annual meeting, provided they meet basic ownership and filing requirements. It matters to investors because it creates a formal way to raise governance or strategic issues and force a company-wide vote—like getting an item onto the agenda of a neighborhood association meeting once you’ve lived there long enough—so shareholders can push for change or influence management decisions.
proxy materials regulatory
"inclusion in the Company’s proxy materials"
Proxy materials are the packet of documents sent to shareholders that explain items to be voted on at a company meeting and include the actual ballot or instructions for casting a vote. Think of them as a voting packet that lays out who’s running the company, major proposals (like pay, mergers, or board changes), and arguments for and against each item. Investors care because those votes shape corporate direction, affect risk and future profits, and can influence share value.
supporting statement regulatory
"including any accompanying supporting statement"
bylaws regulatory
"in accordance with the Company’s bylaws"
Corporate bylaws are a company's internal rulebook that explains how the business is run day to day — who makes decisions, how directors and officers are chosen, how shareholder meetings are conducted, and procedures for changes or conflicts. For investors, bylaws matter because they shape governance and control, influence how quickly and easily leadership or strategy can change, and can protect or limit shareholder rights much like house rules affect how a household operates.

FAQ

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

What changed in TPL executives’ employment agreements?

Texas Pacific Land Corporation amended the agreements for Tyler Glover, Chris Steddum, and Micheal W. Dobbs, extending their expiration date to December 31, 2029. The agreements automatically extend for one-year periods unless either party gives notice of nonrenewal at least 120 days before the current term ends.

What are TPL’s 2027 shareholder proposal deadlines?

For a proposal to be included under Rule 14a-8, proper notice must be received by close of business on November 27, 2026. Other stockholder proposals and director nominations outside the Rule 14a-8 process must be received between January 6 and February 5, 2027, in accordance with the bylaws.

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

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false 0001811074 0001811074 2026-09-25 2026-09-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): September 25, 2026

 

Commission File Number: 1-39804

 

Exact name of registrant as specified in its charter:

Texas Pacific Land Corporation

 

State or other jurisdiction of incorporation or organization:   IRS Employer Identification No.:
Delaware   75-0279735

 

Address of principal executive offices:

2699 Howell Street, Suite 800 Dallas, Texas 75204

 

Registrant’s telephone number, including area code: 

214-969-5530

 

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))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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

 

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. ¨

 

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

 

Title of each class Trading Symbol(s)   Name of each exchange on which registered
Common Stock
(par value $.01 per share)
 TPL  

New York Stock Exchange

NYSE Texas, Inc.

 

 

 

 

 

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On September 25, 2026, Texas Pacific Land Corporation (the “Company”) entered into amendments to (i) the amended and restated employment agreement, dated October 13, 2023, by and between the Company and Tyler Glover, the Company’s President and Chief Executive Officer, (ii) the amended and restated employment agreement, dated October 13, 2023, by and between the Company and Chris Steddum, the Company’s Chief Financial Officer and (iii) the amended and restated employment agreement, dated October 13, 2023, by and between the Company and Micheal W. Dobbs, the Company’s Senior Vice President, Secretary and General Counsel (such employment agreements collectively, the “Employment Agreements” and such amendments collectively, the “Amendments”). The Amendments extend the expiration date in the Employment Agreements from December 31, 2026 to December 31, 2029, with automatic one (1) year extensions unless notice not to renew is given by either party at least 120 days prior to the end of the then-current term. All of the other terms and conditions of the Employment Agreements remain in full force and effect.

 

Item 5.08Shareholder Director Nominations.

 

As disclosed in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (“SEC”) on September 25, 2026 (the “Proxy Statement”), the Company intends to hold its 2027 annual meeting of stockholders (the “2027 Annual Meeting”) on May 6, 2027. The intended date of the 2027 Annual Meeting represents a change of more than 30 calendar days from the anniversary of the Company’s 2026 annual meeting of stockholders, which is being held on November 5, 2026. The Company will publish additional details regarding the exact time, location and matters to be voted on at the 2027 Annual Meeting in the Company’s proxy statement for the 2027 Annual Meeting.

 

In order for any stockholder proposal to be considered for inclusion in the Company’s proxy materials for the 2027 Annual Meeting pursuant to Rule 14a-8 (“Rule 14a-8”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company must receive proper notice at the Company’s principal executive offices not later than the close of business on November 27, 2026, which the Company has determined to be a reasonable time before it expects to begin to print and distribute its proxy materials for the 2027 Annual Meeting. Any such stockholder proposal submitted, including any accompanying supporting statement, must also meet the requirements set forth in the rules and regulations of the SEC in order to be eligible for inclusion in the proxy materials for the 2027 Annual Meeting.

 

Since the 2027 Annual Meeting will be held on a date that is more than 30 days before the anniversary of the Company’s 2026 annual meeting of stockholders, any director nomination or stockholder proposal submitted outside the process of Rule 14a-8 that a stockholder intends to bring forth at the 2027 Annual Meeting will be untimely unless it is received between January 6, 2027 and February 5, 2027, in accordance with the Company’s bylaws.

 

 

 

 

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.

 

    TEXAS PACIFIC LAND CORPORATION
     
Date:    September 25, 2026 By: /s/ Micheal W. Dobbs
  Name: Micheal W. Dobbs
  Title: SVP, General Counsel and Secretary

 

 

 

Filing Exhibits & Attachments

3 documents

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