DORCHESTER MINERALS, L.P. 8-K

What Happened

• Dorchester Minerals, L.P. filed an 8-K reporting that A. Troy Sturrock (age 55) was appointed an independent manager of Dorchester Minerals Management GP LLC (DMMGP) effective February 11, 2026, filling the vacancy created by the death of manager C.W. “Bill” Russell on October 30, 2025. Mr. Sturrock is currently Group Senior Vice President, Controller and Principal Accounting Officer of Energy Transfer LP and brings over 25 years of accounting and financial reporting experience, with about 20 years focused on the midstream energy sector. The company also attached a press release announcing the appointment (Exhibit 99.1).

Key Details

• Appointment effective: February 11, 2026; vacancy due to death of C.W. Russell on October 30, 2025.
• Role: Independent manager on the Board and member of the advisory committee (serves as the audit committee).
• Background: Over 25 years in accounting/financial reporting; currently Group SVP, Controller & Principal Accounting Officer at Energy Transfer LP.
• Compensation & agreements: Mr. Sturrock will receive the same board compensation as other independent managers and has entered into the Partnership’s standard indemnity agreement (form incorporated by reference).

Why It Matters

• This is a governance change that adds accounting and energy-sector financial reporting expertise to the board and to the board’s audit oversight function. For investors, the appointment strengthens the team responsible for financial oversight and reporting, but the filing contains no operational or financial guidance changes. The press release and indemnity agreement are included as exhibits to the 8-K.