TXO Partners, L.P. Reports Board and Officer Changes

Ticker: TXO · Form: 8-K · Filed: 2025-04-01T00:00:00.000Z

Sentiment: neutral

Topics: management-change, board-of-directors, executive-compensation

TL;DR

TXO Partners shuffled its board and execs, updated comp plans. Watch for strategy shifts.

AI Summary

On March 31, 2025, TXO Partners, L.P. filed an 8-K report detailing changes in its board of directors and executive officers. The filing includes information on the election of new directors and the appointment of certain officers, along with details regarding compensatory arrangements for these key individuals. The report also covers financial statements and exhibits relevant to the company's operations.

Why It Matters

Changes in a company's leadership and compensation structures can signal shifts in strategy or governance, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in directors and officers, especially with associated compensatory arrangements, can introduce uncertainty about future strategy and operational direction.

Key Players & Entities

FAQ

What specific changes were made to the board of directors?

The filing indicates the election of directors, but specific names and the exact number of changes are detailed within the report's sections on director elections.

Who are the newly appointed officers and what are their roles?

The report covers the appointment of certain officers, with their specific roles and names detailed in the relevant sections of the filing.

What are the key details of the compensatory arrangements for the officers?

The filing addresses compensatory arrangements for certain officers, with the specifics of these arrangements outlined in the document.

Are there any financial statements included with this filing?

Yes, the filing explicitly states that Financial Statements and Exhibits are included as part of the report.

What is the primary business of TXO Partners, L.P.?

TXO Partners, L.P. operates in the Crude Petroleum & Natural Gas industry, as indicated by its Standard Industrial Classification code [1311].

From the Filing

0001559432-25-000048.txt : 20250401 0001559432-25-000048.hdr.sgml : 20250401 20250401171426 ACCESSION NUMBER: 0001559432-25-000048 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250331 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250401 DATE AS OF CHANGE: 20250401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TXO Partners, L.P. CENTRAL INDEX KEY: 0001559432 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation EIN: 320368858 STATE OF INCORPORATION: X1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41605 FILM NUMBER: 25800845 BUSINESS ADDRESS: STREET 1: 400 WEST 7TH STREET CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 817-334-7800 MAIL ADDRESS: STREET 1: 400 WEST 7TH STREET CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: TXO Energy Partners, L.P. DATE OF NAME CHANGE: 20230131 FORMER COMPANY: FORMER CONFORMED NAME: MorningStar Partners, L.P. DATE OF NAME CHANGE: 20121002 8-K 1 txo-20250331.htm 8-K txo-20250331 0001559432 FALSE 0001559432 2025-03-31 2025-03-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): March 31, 2025 TXO Partners, L.P. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-41605 (Commission File Number) 32-0368858 (IRS Employer Identification No.) 400 West 7th Street , Fort Worth , Texas (Address of principal executive offices) 76102 (Zip Code) ( 817 ) 334-7800 Registrant’s telephone number, including area code N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)  ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))  ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Units representing limited partner interests TXO New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of Lawrence S. Massaro to the Board of Directors On March 31, 2025, the Board appointed Lawrence S. Massaro to serve as a member of the board of directors (the “ Board ”) of TXO Partners GP, LLC (the “ General Partner ”), the general partner of TXO Partners, L.P. (the “ Partnership ”), effective April 1, 202

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