Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 804

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 804
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 the Company,
in 1985. On May 6, 2017, Mr. Billingsley was appointed as a member of Mentor’s Audit Committee. On March 24, 2022, Mr. Billingsley
resigned from Mentor’s Audit Committee. On August 7, 2021, Mr. Billingsley was appointed as our Principal Financial Officer. On
behalf of the Company, Mr. Billingsley has conducted dozens of acquisitions and business financings during this period. He began investing
in 1979 and, as CEO, successfully completed the Series 65 examination. He was briefly a registered investment advisor with an affiliated
portfolio entity in 2010. He received his undergraduate education at West Point and a master’s degree in Applied Physics from Harvard
University, concurrently studying at Harvard Business School and at MIT’s Nuclear Engineering Department. Mr. Billingsley spent
his early career in the energy sector in a broad range of technologies, including coal, LNG, geothermal, and solar, plus the administration
of all technology contracts for the Department of Energy in Washington, DC. Mr. Billingsley worked at General Electric from January 1979
to June 1985, including General Electric’s Nuclear Division. An avid business writer and promoter of ethical business dealings,
Mr. Billingsley wrote “In Defense of Business Ethics” in Management Today.

31

Lori
J. Stansfield, CPA, served as our Chief Financial Officer between May 27, 2014 and May 14, 2021. On April 9, 2015, Ms. Stansfield
was appointed as a director and named our Treasurer. On April 24, 2024, Ms. Stansfield was appointed our Audit Committee Chair. Ms. Stansfield
provides financial consulting services to the Company as needed. Ms. Stansfield is also the Chief Financial Officer of NeuCourt, Inc.,
an entity in which the Company has purchased convertible promissory notes, SAFEs, and shares of common stock. In addition to the services Ms.
Stansfield provides to Mentor Capital, Inc., and her role as Chief Financial Officer of NeuCourt, Inc., Ms. Stansfield currently serves
as a consultant to various private and public companies. For six years prior to joining Mentor, Ms. Stansfield was Director of Audit
Services for Robert R. Redwitz & Co. in San Diego, California. She has taught, written about