Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1251

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1251
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 affiliated or conflicting outside business interests. He is survived by his wife, Marcia Meyer. Ms. Meyer, a businesswoman, and now, other than our founder, the Company’s
largest shareholder, was appointed to fill Mr. Meyer’s vacant board seat on March
28, 2025. See Note 19.

Director
Qualifications

The
selection of directors is a complex and subjective process requiring consideration of many intangible factors. The Company believes that
candidates should generally meet the following criteria:

●
Significant historical or current Mentor share ownership;

●
Business founder and CEO experience;

●
Broad training, experience, and a successful track record at senior policy-making levels in business, government, education, technology,
accounting, law, consulting and/or administration;

32

●
The highest personal and professional ethics, integrity, and values;

●
Commitment to representing the long-term interests of the Company and all of its shareholders;

●
An inquisitive and objective perspective, strength of character, and the mature judgment essential to effective decision-making;

●
Expertise that is useful to the Company and complementary to the background and experience of other Board members; and

●
Sufficient time to devote to Board activities and to enhance their knowledge of our business, operations, and industry.

The
Board believes that our current directors meet these criteria. The directors bring a strong and diversified background and set of essential
skills to the Board, as described above in the director descriptions.

Term
of Office

All
directors hold office until the next annual meeting of shareholders and until their respective successors are elected. Directors may
also be elected at any special meeting of shareholders held for that purpose. Nominees for the board of directors are presented by management.
Except for a vacancy created by the removal of a director, all vacancies in the Board of Directors, whether caused by resignation, death
or otherwise, may be filled by a majority of the remaining directors, though less than a quorum, or by a sole remaining director, and
each director so elected shall hold office until his successor is elected at an annual, regular or special meeting of the shareholders.
Vacancies created by the removal of a director may be filled only by approval of the shareholders. The shareholders may elect a director
at any time to fill any vacancy not filled by the directors.

Certain
Legal Proceedings

No
director, nominee for director, or executive officer of the Company has appeared as a party in any legal proceeding material to an evaluation