MARINE PETROLEUM TRUST
For the period ended Jun 30, 2024. Filed Sep 30, 2024.
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FY2024 · Filed Sep 30, 2024
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Item 11. Executive Compensation
The Trust has no directors or officers and is administered by the Trustee. Accordingly, the Trust does not have a compensation committee or maintain any equity compensation plans, and there are no units reserved for issuance under any such plans. During the past three fiscal years, the Trust paid or accrued fees to the Trustee, as set forth below.
| Name of Individual or Entity | Fiscal Year | Other AnnualCompensation (1) |
|---|---|---|
| Argent Trust Company, Trustee | 2024 | $28,000 |
| Argent Trust Company, Trustee | 2023 | $14,000 |
| Simmons Bank, Trustee | 2023 | $14,000 |
| Simmons Bank, Trustee | 2022 | $28,000 |
(1)
Under the Indenture, the Trustee is entitled to reasonable and customary fees and compensation for its services.
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