On April 5, 2022, Cross Timbers Royalty Trust (the “Trust”) commenced its Special Meeting of unitholders (the “Special
Meeting”) as previously scheduled and adjourned the meeting due to lack of the requisite quorum. The Special Meeting was adjourned to allow the unitholders additional time to vote on the proposals described in the Trust’s definitive proxy
statement filed by the Trust with the Securities Exchange Commission on February 9, 2022.
The Special Meeting will be reconvened on
May 4, 2022 at 12:00 p.m., Central Time, at Shady Oaks Country Club, 320 Roaring Springs Road, Fort Worth, TX 76114. The record date for unitholders entitled to vote at the Special Meeting remains February 4, 2022. Unitholders who have
already voted do not need to recast their votes. Proxies previously submitted in respect of the Special Meeting will be voted at the adjourned meeting unless properly revoked.
On April 6, 2022, the Trust issued a press release announcing the adjournment of the Special Meeting. The press release is attached as
Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Forward-looking
Statements
Any statements in this Current Report on Form 8-K and the exhibits filed or
furnished herewith about plans for the Registrant, the expected timing of the completion (if any) of the proposed resignation of the Trustee or appointment of a successor trustee, and other statements containing the words “estimates,”
“believes,” “anticipates,” “plans,” “expects,” “will,” “may,” “intends” and similar expressions, other than historical facts, constitute forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Factors or risks that could cause the Registrant’s actual results to differ materially from the results it anticipates include, but are not limited
to the inability of the Trustee to resign or Argent Trust Company to assume duties as successor trustee due to the failure to obtain necessary unitholder or court approval or the failure to satisfy other conditions to the Trustee’s resignation
set forth in the Trustee’s notice of resignation and definitive proxy statement.
Actual results may differ materially from those
indicated by such forward-looking statements. In addition, the forward-looking statements included in this press release represent the Trustee’s views as of the date hereof. The Trustee anticipates that subsequent events and developments may
cause its views to change. However, while the Trustee may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as
representing the Trustee’s views as of any date subsequent to the date hereof.
| Item 9.01 |
Financial Statements and Exhibits. |