{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-002351","form_type":"8-K","ticker":"SJT","cik":"0000319655","company_name":"SAN JUAN BASIN ROYALTY TRUST","filed_at":"2024-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.556072+00:00","generated_at":"2026-06-06T23:33:56.531449+00:00","sec_items":["5.07","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"San Juan Basin Trust unitholders approve Argent as successor trustee; effective Feb 15, 2024","bullets":["Approved appointment of Argent Trust Company as successor trustee with 21.9M for, 0.75M against.","Approved indenture amendment allowing successor trustee with $15M+ capital requirement: 21.5M for.","Approved clarification of 'Trustee' for indemnification of former trustees: 21.7M for.","PNC Bank resignation and Argent appointment expected to take effect February 15, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-002351","json":"https://secwatch.observer/filing/0001140361-24-002351.json","markdown":"https://secwatch.observer/filing/0001140361-24-002351.md","text":"https://secwatch.observer/filing/0001140361-24-002351.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/319655/000114036124002351/0001140361-24-002351-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/319655/000114036124002351/ef20018930_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T23:33:56.531449+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6d26fb35483a4524e4e4c1f2a25c98e5d5d993c5","claim":"SAN JUAN BASIN ROYALTY TRUST shareholders approved Appointment of Argent Trust Company as successor trustee at the 2024-01-16 meeting.","evidence_excerpt":"(i) The Unit Holders approved the appointment of Argent as the successor trustee of the Trust in accordance with the terms set forth in that certain attached Agreement of Conditional Resignation: Votes For Votes Against Votes Abstained Broker Non-Votes 21,885,141 751,916 735,544 Not applicable.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/319655/000114036124002351/0001140361-24-002351-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-01-16"}],"fact_type":"shareholder_vote"},{"claim_id":"89f2506b13dd259bf6b8b8a5206aeb28f32280e6","claim":"SAN JUAN BASIN ROYALTY TRUST shareholders approved Amendment to Indenture to clarify meaning of 'Trustee' in Section 6.02 to include former trustees for indemnification purposes at the 2024-01-16 meeting.","evidence_excerpt":"(iii) The Unit Holders approved an amendment to the Indenture that would clarify the meaning of \"Trustee\" in Section 6.02 of the Indenture to include former trustees for indemnification purposes: Votes For Votes Against Votes Abstained Broker Non-Votes 21,748,695 908,429 715,477 Not applicable.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/319655/000114036124002351/0001140361-24-002351-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-01-16"}],"fact_type":"shareholder_vote"},{"claim_id":"e2f74c1e1c3261653c1534e1391849a0ae82e4c9","claim":"SAN JUAN BASIN ROYALTY TRUST shareholders approved Amendment to Indenture to allow bank/trust company with capital surplus and undivided profits of at least $15,000,000 to serve as successor trustee at the 2024-01-16 meeting.","evidence_excerpt":"(ii) The Unit Holders approved an amendment to the Indenture that would permit a bank or trust company with capital, surplus and undivided profits (as of the end of its last fiscal year prior to its appointment) of at least $15,000,000 to serve as successor trustee of the Trust: Votes For Votes Against Votes Abstained Broker Non-Votes 21,522,872 1,212,252 637,477 Not applicable.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/319655/000114036124002351/0001140361-24-002351-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-01-16"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}