secwatch.observer — SEC 8-K summary
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Issuer:     CROSS TIMBERS ROYALTY TRUST (CRT)
CIK:        0000881787
Form:       8-K
Filed at:   2022-10-14T23:59:59+00:00
Accession:  0001193125-22-262844
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Court approves indenture amendment to allow Argent Trust as successor trustee for Cross Timbers Royalty Trust
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- On October 13, 2022, a Texas court approved an order modifying Article VI, Section 6.05 of the trust indenture.
- The amendment permits a successor trustee to have capital, surplus, and undivided profits of at least $20 million.
- Simmons Bank, current trustee, plans to resign and has nominated Argent Trust Company as successor trustee.
- The change is subject to conditions, including unitholder or court approvals for other trusts managed by Simmons Bank.
- The amendment is filed as Exhibit 4.1 to the Form 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/881787/000119312522262844/0001193125-22-262844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/881787/000119312522262844/d391597d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-262844

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