South Plains CEO Transition

Curtis Griffith said the transition reflects “many years of deliberate planning” and that his proudest legacy was the company’s culture: “one centered on relationships and a shared commitment to helping people succeed,” adding that he has been “building South Plains over more than four decades.”

In its SEC filing, South Plains said its board “routinely assesses the Company’s corporate governance function on an ongoing basis,” including “composition and succession strategy for the Board and management” and “the rights of its principal shareholders,” framing the leadership and governance changes as part of that ongoing process.

For the shareholder agreement change, the company disclosed that Henry TAW LP’s Board Representation Agreement was dated March 7, 2019 and gave the shareholder the right “to designate one (1) individual for nomination to the Board, subject to the terms and conditions set forth therein.” The filing also noted the shareholder (through a predecessor) “originally acquired shares… when the Company was a private entity and not widely-held.”