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

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 10
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 our conduct remains consistent with our Code of
Ethics.

35

Discontinued
Operation

Our
discontinued operation provided cost-effective, environmentally responsible waste management disposal services in Phoenix, Austin, San
Antonio, Houston, and Dallas by assisting its customers in managing and reducing excess waste from collection to disposal. It ensured
that the property locations of its clients were clean and maintained through its responsible, timely, and environmentally friendly waste
consolidation, bulk item pickup, general property maintenance, and one-time clean-up services. Additionally, our discontinued operation
delivered a portion of the waste it collects to facilities that recover, recycle, and reuse waste products to support cleanliness and
environmental sustainability.

Item
11. Executive Compensation.

The
following table summarizes all compensation recorded by us in each of the last two completed fiscal years for our principal executive
officer and each other executive officer whose annual compensation exceeded $100,000. The value attributable to any option awards, if
any, is computed in accordance with FASB ASC 718 “Compensation - Stock Compensation.”

Summary
Executive Compensation Table

    Name and Principal Position 
    Year  
    Salary ($)  
    Bonus ($)  
    Stock Awards ($)  
    Option Awards ($)  
    Non-Equity Incentive Plan Compensation ($)  
    Nonqualified Deferred Compensation ($)  
    All Other Compensation ($)  
    Total 
($) 
  
    Chet Billingsley 
    2024  
    $212,462(1) 
     0  
     0  
     0  
     0  
    $40,066(3) 
     15,000(2) 
     267,528 
  
    Chairman, CEO, & Principal Financial Officer 
    2023  
     1,814,839(1) 
     0  
     0  
     0  
     0  
     349,039(3) 
     192,556(2) 
     2,356,434 

(1)
In 2024, the Chief Executive Officer’s compensation consisted of $208,000 annual gross base salary, before payroll taxes, plus
$24,000 accrued vacation, $8,000 accrued sick, and $17,328 accrued severance pay. Mr. Billingsley’s net unpaid accrued vacation,
sick pay, and severance are reported as nonqualified deferred compensation