secwatch.observer — SEC 8-K summary
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Issuer:     INCOME OPPORTUNITY REALTY INVESTORS INC /TX/ (IOR)
CIK:        0000949961
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001999371-24-005726
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IOR amends advisory agreement; consolidates fees into NAV fee and reimbursements
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- Effective Jan 1, 2024, IOR and Pillar signed amended advisory agreement simplifying fee structure.
- Prior separate fees replaced by a single Gross Asset Fee of 0.75% per annum of average Gross Asset Value.
- Additional Net Income Fee of 7.5% per annum of Adjusted Net Income, paid quarterly after Form 10-Q/K filings.
- No changes to duties or responsibilities of Pillar or IOR; agreement effective through next annual meeting and renewable.
- Pillar continues as external advisor since 2011.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/949961/000199937124005726/0001999371-24-005726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/949961/000199937124005726/ior-8k_050724.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-005726

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