Black Stone Minerals Announces Director Changes
Ticker: BSMLP · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1621434
| Field | Detail |
|---|---|
| Company | Black Stone Minerals, L.P. (BSMLP) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $200,000, $60,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-changes, executive-compensation
Related Tickers: BSM
TL;DR
BSM board shakeup: Finley out, Lackey & Johnson in. Executive pay details also filed.
AI Summary
Black Stone Minerals, L.P. announced on May 30, 2024, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of Director Robert E. (Bob) Finley Jr. and the appointment of new directors, including James M. (Jim) Lackey and David M. (Dave) Johnson. The filing also touches upon compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Black Stone Minerals, L.P. (company) — Registrant
- Robert E. (Bob) Finley Jr. (person) — Departing Director
- James M. (Jim) Lackey (person) — Appointed Director
- David M. (Dave) Johnson (person) — Appointed Director
FAQ
Who has departed from the Board of Directors of Black Stone Minerals, L.P.?
Robert E. (Bob) Finley Jr. has departed from the Board of Directors.
Who are the newly appointed directors at Black Stone Minerals, L.P.?
James M. (Jim) Lackey and David M. (Dave) Johnson have been appointed as new directors.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported is dated May 30, 2024.
What is the principal executive office address for Black Stone Minerals, L.P.?
The principal executive offices are located at 1001 Fannin Street, Suite 2020, Houston, Texas 77002.
What specific items are covered in this 8-K filing?
This filing covers the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 581 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-06-03 17:06:14
Key Financial Figures
- $200,000 — Bonner's base pay has been increased to $200,000, and his short-term bonus target has be
- $60,000 — term bonus target has been increased to $60,000. 2 SIGNATURES Pursuant to the req
Filing Documents
- d839491d8k.htm (8-K) — 23KB
- 0001193125-24-153112.txt ( ) — 142KB
- bsm-20240530.xsd (EX-101.SCH) — 3KB
- bsm-20240530_lab.xml (EX-101.LAB) — 18KB
- bsm-20240530_pre.xml (EX-101.PRE) — 11KB
- d839491d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLACK STONE MINERALS, L.P. By: Black Stone Minerals GP, L.L.C., its general partner Date: June 3, 2024 By: /s/ Steve Putman Steve Putman Senior Vice President, General Counsel, and Secretary