SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported)
February 6, 2003
DORCHESTER MINERALS, L.P.
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(Exact name of registrant as specified in its charter)
Delaware 333-88282 81-0551518
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(State of Incorporation) (Commission File No) (IRS Employer Identification No.)
3738 Oak Lawn, Suite 300, Dallas, Texas 75219
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(Address of principal executive offices) (Zip Code)
(214) 559-0300
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
Item 5. Other Events.
Attached as Exhibit 99.1 is a press release issued by Dorchester Minerals,
L.P. on February 6, 2003 with respect to the appointment of Independent Advisors
to Dorchester Minerals, L.P.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release dated February 6, 2003
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.
DORCHESTER MINERALS, L.P.
Registrant
by Dorchester Minerals Management LP
its General Partner,
by Dorchester Minerals Management GP LLC
its General Partner
Date: February 3, 2003 /s/ William Casey McManemin
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William Casey McManemin
Chief Executive Officer
EXHIBIT INDEX
Item Number Description
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99.1 Press Release dated February 6, 2003
Exhibit 99.1
NEWS RELEASE Dorchester Minerals, L. P. 3738 Oak Lawn Ave., Suite 300
Release Date: February 6, 2003 Dallas, Texas 75219-4379
Contact: Casey McManemin (214) 559-0300
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DORCHESTER MINERALS ANNOUNCES
THE APPOINTMENT OF MANAGERS
DALLAS, TEXAS -- February 6, 2003 -- Dorchester Minerals, L.P. (NASDAQ -
DMLP) announced today that Buford P. Berry, Frank M. Burke and Rawles Fulgham
have been appointed to serve as independent managers on its Board of Managers
and will comprise its Advisory Committee and Audit Committee. Messrs. Berry,
Burke and Fulgham will serve in these capacities until the Dorchester Minerals'
2004 annual meeting of limited partners.
Mr. Berry is currently a senior partner at Thompson & Knight L.L.P., a
Texas based law firm. Mr. Berry has been an attorney with Thompson & Knight
L.L.P., serving in various capacities since 1963, including as Managing Partner
from 1986 to 1998. Mr. Berry also serves as a Vice Chair of the Institute for
Energy Law of the Center for American and International Law (formerly
Southwestern Legal Foundation). He is a past Chairman of the Natural Resources
Committee of the Taxation Section of the American Bar Association and past
Chairman of the Southwestern Legal Foundation Oil and Gas Tax Institute. From
1958 to 1960, Mr. Berry served as a Lieutenant in the United States Naval
Reserve. He received his Bachelor of Business Administration degree in 1958 and
his Bachelor of Laws Degree in 1963, both from the University of Texas.
Mr. Burke has served as Chairman, Chief Executive Officer and Managing
General Partner of Burke, Mayborn Company Ltd, a private investment company
located in Dallas Texas, since 1984. He is a member of the National Petroleum
Council and also serves as a director of Arch Coal, Inc., Kaneb Pipe Line
Partners, L.P., Xanser Corporation and Kaneb Services LLC. Prior to that, Mr.
Burke was a partner in Peat, Marwick, Mitchell & Co. Mr. Burke received his
Bachelor of Business Administration and Master of Business Administration from
Texas Tech University and his Juris Doctor from Southern Methodist University.
He is a certified public accountant and member of the State Bar of Texas.
Mr. Fulgham has served as a member of the Advisory Committee and the Audit
Committee of Dorchester Hugoton, Ltd. since 1995. He also served as Chairman of
the Board and Chief Executive Officer of Global Industrial Technologies, Inc.
from July 1998 until 2000. From 1982 until December 1998, Mr. Fulgham served as
senior advisor of the Investment Banking Division of Merrill Lynch & Co. Prior
to that, he was employed in various capacities by First National Bank in Dallas
and its successor holding companies from 1954 until 1982. He was President and
co-Chief Executive Officer of the First National Bank in Dallas, and
subsequently, President of its successor holding companies. Mr. Fulgham has
served on the boards of directors of BancTec, Inc., NCH Corporation, Dresser
Industries, Inc and as Chairman of the Board of Directors of the Children's
Medical Center of Dallas. In addition, Mr. Fulgham also served as a member of
the Executive Committee of President Reagan's Grace Commission. He received a
Bachelor of Arts degree from the Virginia Military Institute, a Bachelor of
Business Administration degree from Southern Methodist University and has also
completed several graduate courses for a Masters of Business Administration. Mr.
Fulgham served in the United States Marine Corps, attaining the rank of captain.
About Dorchester Minerals
Dorchester Minerals is a new publicly traded limited partnership that
resulted from the combination of privately held Republic Royalty Company and
Spinnaker Royalty Company, L.P. and Dorchester Hugoton, Ltd. which had been
traded on the Nasdaq National Market since 1982. Dorchester Minerals owns a
96.97% net profits interest in working interest properties and holds producing
and non-producing mineral, royalty, overriding royalty, net profits and
leasehold interests currently in 564 counties and in 27 states. Dorchester
Minerals distributes, on a quarterly basis, all cash received beyond that
required to pay costs and fund reasonable reserves. Dorchester Minerals uses
reasonable efforts to avoid unrelated business taxable income for federal income
tax purposes and does not anticipate incurring any debt other than ordinary
trade debt.
FORWARD-LOOKING STATEMENTS
All the estimates and expectations set forth in this release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although Dorchester Minerals believes that these
forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectations will occur and cautions that actual results may
differ materially from those estimated in the forward-looking statements. A
number of risks could affect the future results of Dorchester Minerals and could
cause such material differences. These risks include, but are not limited to,
adverse general economic conditions, operating hazards, drilling risks, inherent
uncertainties in interpreting engineering and other technical data, competition,
reduced availability of drilling services, fluctuations in oil and gas prices
and government regulations, as well as other risks discussed in detail in
Dorchester Minerals' filings with the Securities and Exchange Commission.
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