---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-048766"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T01:07:07.838514+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Unitholders approved appointment of Argent Trust Company as successor trustee (27.4M For, 0.7M Against).
- Proposal to amend Trust Indenture to lower trustee capital requirement failed (27.2M For, 0.9M Against; not approved).
- Adjournment proposal approved (27.2M For, 0.8M Against).
- Trustee resignation and Argent's appointment remain subject to conditions, including court approval of indenture amendments.

## SEC filing metadata
- accession: 0001193125-23-048766
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000119312523048766/0001193125-23-048766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312523048766/d429018d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-048766
- JSON: https://secwatch.observer/filing/0001193125-23-048766.json
- Plain text: https://secwatch.observer/filing/0001193125-23-048766.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/862022/000119312523048766/0001193125-23-048766-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/862022/000119312523048766/0001193125-23-048766-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/862022/000119312523048766/0001193125-23-048766-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.