CKX Lands, Inc. Appoints Daniel J. Englander and William Gray Stream to the Board of Directors
October 18, 2018 at 07:34 pm
Share
On October 15, 2018, the CKX Lands, Inc.’s Board of Directors appointed each of Daniel J. Englander and William Gray Stream to the Board of Directors, each with a term expiring at the next annual meeting of shareholders in 2019. Mr. Stream previously served on the Registrant’s Board of Directors from 2007 to 2017. As non-employee directors, each of Mr. Englander and Mr. Stream will receive director fees for meetings of the Board of Directors and applicable committees as set by the company from time to time. The Registrant’s Board of Directors expects to appoint each of Mr. Englander and Mr. Stream to one or more committees of the Board of Directors at a later date.
CKX Lands, Inc. is engaged in the business of ownership and management of land. Its activities consist of leasing its properties for minerals (oil and gas), raising and harvesting timber and surface use (agriculture, right of ways, hunting). Its segments include oil and gas, surface and timber. It leases its property to oil and gas operators and collects income through its land ownership in the form of oil and gas royalties and lease rentals and geophysical revenues. It receives income from royalty interests and mineral leases related to oil and gas production, timber sales, land sales and surface rents. Oil and Gas segment provides the customer access to a designated tract of land upon which the customer performs exploration, extraction, production and ultimate sale of the oil and gas. It receives royalties on all oil and gas produced by the customer. Timber income is derived from sales of timber on its lands. Surface income is earned from various recurring and non-recurring sources.