---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-092355"
form_type: "8-K"
ticker: "HGTXU"
cik: "0000862022"
company_name: "HUGOTON ROYALTY TRUST"
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T06:10:20.255521+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hugoton Royalty Trust amends indenture to facilitate trustee succession to Argent

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-092355
- form_type: 8-K
- ticker: HGTXU
- cik: 0000862022
- company_name: HUGOTON ROYALTY TRUST
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862022/000119312523092355/0001193125-23-092355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862022/000119312523092355/d453294d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-092355
- JSON: https://secwatch.observer/filing/0001193125-23-092355.json
- Plain text: https://secwatch.observer/filing/0001193125-23-092355.txt

## Key facts
- Governance Changes
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/862022/000119312523092355/0001193125-23-092355-index.htm

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