Item 1.01. Entry into a Material Definitive Agreement.

Sabine Royalty Trust (the "Trust") held a special meeting of its unitholders on May 2, 2022, at 11:00 a.m., Central Time, at 2911 Turtle Creek Blvd., Dallas, Texas 75219 (the "Special Meeting").

On May 2, 2022, following approval by the Trust's unitholders at the Special Meeting, the Trust entered into Amendment No. 1 to the Amended and Restated Royalty Trust Agreement of Sabine Royalty Trust (the "Trust Amendment"). The Trust Amendment amends the Royalty Trust Agreement of Sabine Royalty Trust dated December 31, 1982, as amended and restated on May 22, 2014 (the "Trust Agreement"), to permit a trust company with capital, surplus and undivided profits of at least $20,000,000 to serve as successor trustee of the Trust.

The foregoing description of the Trust Amendment does not purport to be complete and is qualified in its entirety by the full text of the Trust Amendment, a copy of which is attached hereto as Exhibit 4.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.07. Submission of Matters to a Vote of Security Holders.

At the Special Meeting, unitholders of the Trust were asked to consider and vote upon (i) the appointment of Argent Trust Company as successor trustee of the Trust, (ii) an amendment to the Trust Agreement that would permit a bank or trust company with capital, surplus and undivided profits of at least $20,000,000 to serve as successor trustee of the Trust, and (iii) to approve an adjournment of the Special Meeting, if necessary or appropriate, to permit solicitation of additional proxies in favor of the above proposals.

Of the 14,579,345 units outstanding and entitled to vote as of the record date for the Special Meeting, 8,209,565 units were present at the Special Meeting in person or by proxy. As such, a quorum was established at the Special Meeting.

The proposals voted on by the unit holders at the Special Meeting and the voting results are set forth below.

1. Proposal to approve the appointment of Argent Trust Company as successor trustee to serve as trustee of the Trust once the resignation of Simmons Bank, the current Trustee of the Trust, takes effect, was approved by the following vote:



                      For      Against   Abstain   Broker Non-Votes
                   7,951,508   123,881   134,175          0

2. Proposal to approve an amendment to the Trust Agreement to permit a bank or trust company which has a capital, surplus and undivided profits (as of the end of its last fiscal year prior to its appointment) of at least $20,000,000 to serve as trustee of the Trust, was approved by the following vote:



                      For      Against   Abstain   Broker Non-Votes
                   7,906,073   145,494   157,997          0

3. Proposal to approve the adjournment of the Special Meeting, if necessary or appropriate, to permit solicitation of additional proxies in favor of the above proposals, was approved by the following vote:



                      For      Against   Abstain   Broker Non-Votes
                   7,897,936   180,031   131,594          0

On May 5, 2022, the Trust issued a press release announcing the voting results 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.

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As previously disclosed, the resignation of Simmons Bank, as trustee, and Argent's appointment as successor trustee, are subject to certain conditions set forth in an agreement between Simmons Bank and Argent, including approval by the unitholders of the Trust and of certain other trusts of which Simmons Bank acts as trustee (or a court) of (i) Argent's appointment as successor trustee and (ii) any amendments to the Trust Agreement of the Trust and the trust agreements and indentures of the other trusts (whether by unitholder approval or a court) necessary to permit Argent to serve as successor trustee.

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 the Trust's 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 material 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.





  d. Exhibits



4.1       Amendment No. 1 to the Amended and Restated Royalty Trust Agreement of
        Sabine Royalty Trust, dated May 2, 2022.

99.1      Press Release dated May 5, 2022.

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