Hugoton Royalty Trust Changes Trustee to Argent Trust Company
Ticker: HGTXU · Form: 8-K · Filed: Jan 19, 2024 · CIK: 862022
| Field | Detail |
|---|---|
| Company | Hugoton Royalty Trust (HGTXU) |
| Form Type | 8-K |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: administrative-change, trustee-change
TL;DR
**Hugoton Royalty Trust just swapped trustees to Argent Trust Company, no immediate financial impact but keep an eye on future admin.**
AI Summary
Hugoton Royalty Trust filed an 8-K on January 19, 2024, to update its trustee information. Argent Trust Company has replaced Simmons Bank Trustee as the new trustee, with a new business address at 3838 Oak Lawn Ave, Suite 1720, Dallas, Texas 75219-4518, and a new telephone number (855) 588-7839. This matters to investors because the trustee manages the trust's assets and distributions, so a change could impact administrative efficiency or future operational decisions, though this filing doesn't indicate any immediate financial impact.
Why It Matters
The trustee is responsible for managing the trust's assets and distributing royalties, so a change in trustee could affect the trust's administration and potentially its operational efficiency.
Risk Assessment
Risk Level: low — This filing primarily reports an administrative change in trustee, which typically carries low direct financial risk.
Analyst Insight
A smart investor would note this administrative change but understand it's unlikely to have an immediate material financial impact. It's worth monitoring future filings for any operational changes or new strategies implemented by the new trustee, Argent Trust Company.
Key Players & Entities
- HUGOTON ROYALTY TRUST (company) — registrant
- Argent Trust Company (company) — new trustee
- Simmons Bank Trustee (company) — former trustee
- January 19, 2024 (date) — date of earliest event reported
- (855) 588-7839 (dollar_amount) — new trustee's telephone number
Forward-Looking Statements
- The change in trustee will not immediately impact the trust's distribution schedule or amounts. (Hugoton Royalty Trust) — high confidence, target: Q1 2024
- Administrative efficiency of the trust will remain stable or slightly improve under the new trustee. (Argent Trust Company) — medium confidence, target: Q2 2024
FAQ
What was the specific date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 19, 2024.
Who is the new trustee for Hugoton Royalty Trust, as stated in the filing?
The new trustee for Hugoton Royalty Trust is Argent Trust Company.
What was the former trustee of Hugoton Royalty Trust?
The former trustee of Hugoton Royalty Trust was Simmons Bank Trustee.
What is the new business address for the trustee of Hugoton Royalty Trust?
The new business address for the trustee is 3838 Oak Lawn Ave, Suite 1720, Dallas, Texas 75219-4518.
What is the new telephone number for the trustee of Hugoton Royalty Trust?
The new telephone number for the trustee is (855) 588-7839.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-01-19 12:29:27
Filing Documents
- d721282d8k.htm (8-K) — 19KB
- d721282dex991.htm (EX-99.1) — 17KB
- 0001193125-24-011107.txt ( ) — 37KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 19, 2024, the Registrant issued a news release that it will not declare a monthly cash distribution for the month of January 2024. A copy of the news release is furnished as Exhibit 99.1. The information in this Current Report, including the news release attached hereto, is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit 99.1 News Release dated January 19, 2024 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HUGOTON ROYALTY TRUST By: ARGENT TRUST COMPANY Date: January 19, 2024 By: /s/ NANCY WILLIS Nancy Willis Vice President EXXON MOBIL CORPORATION By: /s/ WENDI POWELL Wendi Powell Upstream Controller 3