CKX Lands, Inc. announced that On November 7, 2019, Mary W. Savoy notified the Registrant’s Board of Directors that she would retire as a director when her successor could be identified and appointed to the Board. On December 3, 2019, the Board of Directors appointed Edward M. Ellington, II as a director to succeed Ms. Savoy, and immediately thereafter Ms. Savoy retired from the Board. Mr. Ellington will serve for the remainder of Ms. Savoy’s one-year term, which will expire at the annual meeting of the Registrant’s shareholders in 2020.
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.
CKX LANDS, INC. 
