---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-015885"
form_type: "8-K"
ticker: "GBR"
cik: "0000105744"
company_name: "New Concept Energy, Inc."
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:33:36.255167+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# New Concept Energy enters advisory agreement with Pillar Income Asset Management

## Summary
- Advisor Pillar receives monthly gross asset fee of 0.0625% (0.75% annual) of average Gross Asset Value.
- Incentive fee equal to greater of $25,000 or 7.5% of Adjusted Net Income per fiscal year, paid quarterly.
- Term renewable annually subject to majority of independent directors; either party may terminate with 60–120 days notice.
- Company reimburses Advisor's service employee expenses, including salary, payroll taxes, and benefit costs.

## SEC filing metadata
- accession: 0001214659-24-015885
- form_type: 8-K
- ticker: GBR
- cik: 0000105744
- company_name: New Concept Energy, Inc.
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105744/000121465924015885/0001214659-24-015885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105744/000121465924015885/y932458k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-015885
- JSON: https://secwatch.observer/filing/0001214659-24-015885.json
- Plain text: https://secwatch.observer/filing/0001214659-24-015885.txt

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