LandBridge Co LLC Files 8-K Material Agreement
Ticker: LB · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1995807
Sentiment: neutral
Topics: material-agreement, filing-update
TL;DR
LandBridge Co LLC signed a material definitive agreement on 9/30/24. Details to follow.
AI Summary
LandBridge Company LLC entered into a Material Definitive Agreement on September 30, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in Houston, Texas.
Why It Matters
This filing indicates a significant contractual development for LandBridge Company LLC, which could impact its operations and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or obligations for a company, the specifics of which are not detailed in this initial filing.
Key Numbers
- 001-42150 — Commission File Number (Identifies the company's SEC filing history.)
- 93-3636146 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- LandBridge Company LLC (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- Houston, Texas (location) — Principal Executive Offices
- 5555 San Felipe Street Suite 1200 (address) — Business Address
FAQ
What type of Material Definitive Agreement did LandBridge Company LLC enter into?
The filing does not specify the nature of the Material Definitive Agreement, only that one was entered into on September 30, 2024.
What are the key terms of the Material Definitive Agreement?
The provided text does not contain details regarding the terms of the Material Definitive Agreement.
When was the Material Definitive Agreement effective?
The agreement was entered into on September 30, 2024, which is also the date of the earliest event reported.
Where is LandBridge Company LLC's principal executive office located?
LandBridge Company LLC's principal executive offices are located at 5555 San Felipe Street, Suite 1200, Houston, Texas, 77056.
What is the SIC code for LandBridge Company LLC?
The Standard Industrial Classification (SIC) code for LandBridge Company LLC is 6792, which corresponds to OIL ROYALTY TRADERS.
Filing Stats: 701 words · 3 min read · ~2 pages · Grade level 14.2 · Accepted 2024-10-04 17:02:38
Filing Documents
- lb-20240930.htm (8-K) — 42KB
- lb-ex10_1.htm (EX-10.1) — 34KB
- 0000950170-24-112967.txt ( ) — 196KB
- lb-20240930.xsd (EX-101.SCH) — 25KB
- lb-20240930_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Effective as of September 30, 2024, LandBridge Company LLC (NYSE: LB) (the "Company"), the Managing Member of OpCo (as defined below), entered into Amendment No. 1 (the "Amendment") to the Amended and Restated Limited Liability Company Agreement (the "OpCo LLC Agreement") of DBR Land Holdings LLC ("OpCo"), with LandBridge Holdings LLC, the majority in interest Member of OpCo and controlling shareholder of the Company. The Amendment provides, among other things, that so long as a Redeeming Member and its affiliates own at least 40% of the voting power of the Company, (i) OpCo may elect to settle a Redemption by such Redeeming Member in cash only to the extent that, prior to or contemporaneously with making such election, the Company issues a number of Company Equity Securities at least equal to the number of OpCo Units subject to such Redemption and contributes to OpCo an amount in cash equal to the net proceeds received by the Company from the issuance of such Company Equity Securities, and (ii) the Company may make a cash election in connection with its exercise of the Call Right with respect to a Redemption by such Redeeming Member only to the extent that, prior to or contemporaneously with making such election, the Company issues a number of Company Equity Securities at least equal to the number of OpCo Units subject to such Redemption. The foregoing summary is qualified in its entirety by reference to the full text of the Amendment, which is incorporated by reference hereto and is attached to this Current Report on Form 8-K as Exhibit 10.1 . Capitalized terms used herein which are not defined in this Current Report on Form 8-K shall have the meanings assigned to such terms in the OpCo LLC Agreement as amended.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Amendment No. 1 to Amended and Restated Limited Liability Company Agreement of DBR Land Holdings LLC, effective as of September 30, 2024. 104 Cover Page Interactive Data File (embedded with Inline XBRL document)
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. LANDBRIDGE COMPANY LLC Date: October 4, 2024 By: /s/ Scott L. McNeely Name: Scott L. McNeely Title: Chief Financial Officer