Texas Pacific Land Corporation (TPL)

[Enterprising Investor]

Management change (10/27/16)

On 10/27/16, Texas Pacific Land Trust announced that David M. Peterson, the Trust’s General Agent and principal executive officer, tendered, and the Trust accepted, his resignation, effective 11/04/16. The Trustees are in the process of determining the appointment of a new General Agent. Peterson had served as General Agent, Chief Executive Officer and Secretary of the Trust from 1/01/14. He previously served as Assistant General Agent from 1/01/97 through 12/31/13 and Chief Financial Officer from 11/12/02 through 12/01/14.

James K. Norwood, one of our Trustees, died on 9/27/16. Norwood had been a Trustee since Trustee since 6/14/06. In accordance with the Declaration of Trust, the remaining Trustees are in the process of nominating a successor trustee, whose nomination will be submitted to a vote of security holders at a special meeting.

https://www.sec.gov/Archives/edgar/data/97517/000143774916040466/tpl20161027b_8k.htm