Hugoton Royalty Trust amends indenture to facilitate trustee succession to Argent

HUGOTON ROYALTY TRUST

Court order modifies indenture to permit successor trustee with at least $15M in capital, surplus, and undivided profits.
Amendment is in connection with Simmons Bank's planned resignation and nomination of Argent Trust Company as successor.
Change requested by Simmons Bank and a unitholder; approved by Tarrant County District Court on April 4, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

HUGOTON ROYALTY TRUST: Modified Article VI, Section 6.08 of the trust indenture to lower minimum capital requirement for a successor trustee to $15 million (effective 2023-04-04).

Change: bylaw amendment
Effective: 2023-04-04

Exact text from the filing

On April 4, 2023, upon request of Simmons Bank, as trustee (the “Trustee”) of Hugoton Royalty Trust (the “Trust”) and a unitholder of the Trust, the District Court of Tarrant County, Texas, 236th Judicial District approved an order modifying the third sentence of Article VI, Section 6.08 of the Trust’s indenture so that it permits a successor trustee of the Trust to have capital, surplus and undivided profits of not less than Fifteen Million Dollars ($15,000,000).

View on SEC.gov

256 governance changes filed in the last 30 days. Browse all governance changes →

HUGOTON ROYALTY TRUST filing history →

Source: SEC EDGAR

accession 0001193125-23-092355

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.