CROSS TIMBERS ROYALTY TRUST
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
CRT$12.59-1.0%Stored close · as of Nov 9, 2026
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Item 11. Executive Compensation
| ITEM 11. | EXECUTIVE COMPENSATION |
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| (a) | Compensation Committee Interlocks and Insider Participation/Compensation Committee Report. The Trust has no officers or directors and is administered by a trustee. The Trust does not have a compensation committee or maintain any equity compensation plans and there are no units reserved for issuance under such plans. |
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| (b) | Compensation of the Trustee. The Trustee received the following annual compensation for the fiscal years ended December 31, 2022, through December 31, 2023, as specified in the Trust indenture: |
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| 2023 | 2022 | |
|---|---|---|
| Argent Trust Company, Trustee (1) | $98,795 | — |
| Simmons Bank, Trustee (1) | — | $91,079 |
| (1) | Under the Trust indenture, the trustee is entitled to an administrative fee of: (i) 1/20 of 1 percent of the first $100 million of the annual gross revenue of the Trust, and 1/30 of 1 percent of the annual gross revenue of the Trust in excess of $100 million, and (ii) trustee’s standard hourly rates for time in excess of 300 hours annually. |
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