UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 30, 2021, Black Stone Minerals, L.P. (the “Partnership”) announced that Black Stone Minerals GP, L.L.C., the general partner of the Partnership (the “General Partner”), expects to appoint Carrie P. Clark as its Senior Vice President, Land & Legal, effective August 2, 2021.
Ms. Clark, 44, has over 20 years of land and legal experience, mostly in senior roles. She most recently served as Executive Vice President and Chief Administrative Officer of University Lands, a company within the University of Texas System that manages over 2 million acres of surface and mineral interests in West Texas. Before joining University Lands, Ms. Clark was Deputy General Counsel at Talos Energy, LLC, now a public offshore exploration and production company, where she headed land. Before Talos, she served as Vice President, Land & Legal at EnerVest Operating LLC, a private operator, where she oversaw land and legal and managed acquisitions and divestitures. Ms. Clark began her career in land and legal roles at Shell Oil Company and a Texas-based electric cooperative. She currently serves on the Board of Directors of Brigham Minerals Corporation but expects to step down from that position in connection with her appointment at the General Partner. She has a JD from the University of Houston Law Center and a BBA in Petroleum Land Management and Finance from Texas Tech University.
The Partnership expects that Ms. Clark will enter into a severance agreement with Black Stone Natural Resources Management Company, in a form substantially similar to those entered into by Mr. Wood and Mr. Putman, that will provide for the payment of cash severance payments and benefits in the event Ms. Clark’s employment is terminated under certain circumstances, but she has not yet entered into such agreement. The Partnership also expects that Ms. Clark will receive awards under the Partnership’s Long-Term Incentive Plan with terms substantially similar to the awards granted to the General Partner’s other executive officers, but it has not yet awarded her any grants under that plan.
| Item 7.01 | Regulation FD Disclosure |
On June 30, 2021, the Partnership issued a press release announcing the appointment of Carrie P. Clark as Senior Vice President, Land & Legal. A copy of the Partnership’s press release is attached hereto as Exhibit 99.1.
The information in Item 7.01 of this Current Report, including the exhibit attached hereto as Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in Item 7.01 of this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit Number |
Description | |
| 99.1 | Press release dated June 30, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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 30, 2021 | By: | /s/ Steve Putman | ||||
| Steve Putman | ||||||
| Senior Vice President, General Counsel, and Corporate Secretary | ||||||
Exhibit 99.1
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News For Immediate Release |
Black Stone Minerals, L.P. Announces Hiring of Carrie Clark as Senior Vice President, Land & Legal
HOUSTON—(BUSINESS WIRE)—Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone” or “the Company”) today announced that Carrie A. Clark will assume the role of Senior Vice President, Land & Legal on August 2, 2021. In that role, she will oversee Black Stone’s Land and Land Administration groups. Steve Putman will continue in his current role as Senior Vice President, General Counsel, and Secretary.
Thomas L. Carter, Jr., Black Stone’s Chairman and Chief Executive Officer, commented, “We’re very excited to welcome Carrie to Black Stone. She brings significant strategic and practical experience, which will be invaluable as we continue to focus on development of our asset base to return maximum value to our unitholders. We also expect that Carrie’s acumen in leading teams will further strengthen our Land and Land Administration groups.”
Ms. Clark has over 20 years of land and legal experience, mostly in senior roles. She most recently served as Executive Vice President and Chief Administrative Officer of University Lands, a company within the University of Texas System that manages over 2 million acres of surface and mineral interests in West Texas. Before joining University Lands, Ms. Clark was Deputy General Counsel at Talos Energy, LLC, now a public offshore exploration and production company, where she headed land. Before Talos, she served as Vice President, Land & Legal at EnerVest Operating LLC, a private operator, where she oversaw land and legal and managed acquisitions and divestitures. Ms. Clark began her career in land and legal roles at Shell Oil Company and a Texas-based electric cooperative. She currently serves on the Board of Directors of Brigham Minerals Corporation but expects to step down from that position in connection with her appointment at Black Stone. She has a JD from the University of Houston Law Center and a BBA in Petroleum Land Management and Finance from Texas Tech University.
About Black Stone Minerals, L.P.
Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.
Black Stone Minerals, L.P. Contacts
Jeffrey P. Wood
President and Chief Financial Officer
Evan Kiefer
Vice President, Finance and Investor Relations
Telephone: (713) 445-3200
investorrelations@blackstoneminerals.com