 His third marriage was to Carol Ramsey in 1968, and they resided on Matlock's training and Quarter Horse breeding facility in Gainesville, Texas, where they stood several world champion stallions, including Peppy San and Zan Parr Bar, both of whom were inducted into the AQHA Hall of Fame.Matlock and Carol hauled together on the show circuit competing in NCHA and AQHA sponsored events throughout the US.They divorced in 1984, and as part of the divorce settlement, Carol kept Zan Parr Bar and Genuine Doc, while Matlock took Peppy San and Peponita and relocated to Van, Texas.