01—Abstract
Summary
Summary of the 8-K filed September 25, 2026. Cited figures are marked; the original filing is the authoritative source.
Texas Pacific Land Corporation (TPL) filed this Current Report on Form 8-K dated September 25, 2026, reporting two items: an executive employment agreement amendment and shareholder director nomination deadlines for its 2027 annual meeting.
Under Item 5.02, the Company amended the amended and restated employment agreements, each dated October 13, 2023, with Tyler Glover (President and Chief Executive Officer), Chris Steddum (Chief Financial Officer), and Micheal W. Dobbs (Senior Vice President, Secretary and General Counsel). The amendments extend the expiration date of the agreements from December 31, 2026 to December 31, 2029, with automatic one-year renewals unless either party gives notice of non-renewal at least 120 days before the end of the then-current term.
All other terms remain in effect. Under Item 5.08, the Company states that, as disclosed in its definitive proxy statement filed the same day, it intends to hold its 2027 annual meeting on May 6, 2027. That date is more than 30 calendar days from the anniversary of its 2026 annual meeting, which is scheduled for November 5, 2026.
For stockholder proposals to be considered for inclusion in the 2027 proxy materials under Rule 14a-8, the Company must receive notice at its principal executive offices by the close of business on November 27, 2026. Director nominations or proposals submitted outside Rule 14a-8 will be considered untimely unless received between January 6, 2027 and February 5, 2027, per the bylaws.
For investors, the filing is primarily governance-related: it secures continuity in the senior executive team through 2029 and sets out shareholder engagement deadlines for the 2027 annual meeting. The filing does not disclose financial results or compensation figures.
02—Key points
Key Highlights
- Employment agreements for CEO Tyler Glover, CFO Chris Steddum, and SVP, Secretary and General Counsel Micheal W. Dobbs were amended on September 25, 2026.
- Expiration date of the three executive employment agreements extended from December 31, 2026 to December 31, 2029.
- Agreements will renew automatically for one-year terms unless either party gives notice of non-renewal at least 120 days before the end of the current term.
- The 2027 annual meeting of stockholders is intended to be held on May 6, 2027, more than 30 calendar days from the anniversary of the 2026 annual meeting (November 5, 2026).
- Stockholder proposals for inclusion in the 2027 proxy materials under Rule 14a-8 must be received by November 27, 2026.
- Director nominations or proposals submitted outside Rule 14a-8 must be received between January 6, 2027 and February 5, 2027 to be timely under the bylaws.
03—Questions
Frequently Asked Questions
What changed in the executive employment agreements?
The amendments extend the expiration date of the employment agreements with Tyler Glover, Chris Steddum, and Micheal W. Dobbs from December 31, 2026 to December 31, 2029. The agreements renew automatically for one-year periods unless either party gives notice at least 120 days before the end of the then-current term. All other terms remain in full force and effect.
When is the 2027 annual meeting of stockholders?
The Company intends to hold its 2027 annual meeting on May 6, 2027. The Company will publish the exact time, location and matters to be voted on in its 2027 proxy statement.
What is the deadline for stockholder proposals for the 2027 proxy statement?
Under Rule 14a-8, proposals must be received at the Company's principal executive offices by the close of business on November 27, 2026, and must meet SEC eligibility requirements for inclusion in the proxy materials.
When can stockholders submit director nominations or other proposals outside Rule 14a-8?
Because the 2027 meeting falls more than 30 days from the anniversary of the 2026 meeting, such nominations or proposals will be untimely unless received between January 6, 2027 and February 5, 2027, in accordance with the Company's bylaws.
04—Continue