Texas Pacific Land Corporation (TPL)

[Enterprising Investor]

TPL announces new Co-Agents (11/07/16)

On 11/04/16, Texas Pacific Land Trust (the “Trust”) appointed Tyler Glover, age 31, as Co-General Agent, Chief Executive Officer and Secretary of the Trust and Robert J. Packer, age 47, as Co-General Agent and Chief Financial Officer of the Trust, both effective as of 11/05/16.

Mr. Glover has served as Assistant General Agent of the Trust since 12/01/14. Prior to that, Mr. Glover served as Field Manager of the Trust since September 2011. There are no arrangements or understandings between Mr. Glover and any other person pursuant to which Mr. Glover was appointed as an executive officer of the Trust. There are no family relationships between Mr. Glover and any Trustee or other executive officer of the Trust. Mr. Glover is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. In his new position Mr. Glover will receive an annual base salary of $250,000.00. Mr. Glover will continue to be eligible for a cash bonus each year in an amount to be determined in the discretion of the Nominating, Compensation and Governance Committee of the Board of Trustees. Mr. Glover will also continue to participate in both the qualified defined benefit retirement plan and qualified defined contribution retirement plan maintained by the Trust, which are available to employees generally.

Mr. Packer, a certified public accountant, has served as Chief Financial Officer of the Trust since November 2014 and as Accounting Supervisor for the Trust from March 2011 to November 2014. Prior to that, Mr. Packer was Controller at StarCrest Realty, LLC since January 2009. There are no arrangements or understandings between Mr. Packer and any other person pursuant to which Mr. Packer was appointed as an executive officer of the Trust. There are no family relationships between Mr. Packer and any Trustee or other executive officer of the Trust. Mr. Packer is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. In his new position Mr. Packer will receive an annual base salary of $250,000.00. Mr. Packer will continue to be eligible for a cash bonus each year in an amount to be determined in the discretion of the Nominating, Compensation and Governance Committee of the Board of Trustees. Mr. Packer will also continue to participate in both the qualified defined benefit retirement plan and qualified defined contribution retirement plan maintained by the Trust, which are available to employees generally.

https://www.sec.gov/Archives/edgar/data/97517/000143774916041174/tpl20161104_8k.htm