secwatch / observer
8-K filed February 24, 2023, 6:59 PM ET ticker HGTXU CIK 0000862022
other material confidence high sentiment neutral materiality 0.15

Hugoton Royalty Trust unitholders approve Argent as successor trustee but reject indenture amendment

HUGOTON ROYALTY TRUST

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HUGOTON ROYALTY TRUST shareholders rejected Amendment to Trust Indenture to permit a trust company with capital, surplus and undivided profits of at least $15,000,000 to serve as successor trustee at the 2023-02-23 meeting.

Outcome
failed
Meeting
2023-02-23
Exact text from the filing
Proposal to approve an amendment to the Trust Indenture to permit a trust company which has a 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 trustee of the Trust, was not approved by the following vote: For Against Abstain Broker Non-Votes 27,180,296 936,904 184,260 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HUGOTON ROYALTY TRUST shareholders approved Appointment of Argent Trust Company as successor trustee at the 2023-02-23 meeting.

Outcome
passed
Meeting
2023-02-23
Exact text from the filing
Proposal to approve the appointment of Argent Trust Company as successor trustee to serve as trustee of the Trust once the resignation of Simmons Bank, the current Trustee of the Trust, takes effect, was approved by the following vote: For Against Abstain Broker Non-Votes 27,421,862 732,941 146,659 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HUGOTON ROYALTY TRUST shareholders approved Approval of adjournment of the Special Meeting, if necessary, to permit solicitation of additional proxies at the 2023-02-23 meeting.

Outcome
passed
Meeting
2023-02-23
Exact text from the filing
Proposal to approve the adjournment of the Special Meeting, if necessary or appropriate, to permit solicitation of additional proxies in favor of the above proposals, was approved by the following vote: For Against Abstain Broker Non-Votes 27,197,495 786,429 317,533 0
View on SEC.gov

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HUGOTON ROYALTY TRUST filing history →

Source: SEC EDGAR
accession 0001193125-23-048766
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