Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1415

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 1415
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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. In 2024, Mr. Billingsley was paid $4,000 gross base salary
accrued in 2023 and paid in 2024 plus $462 in deferred vacation pay.

In
2023, the annual base salary for our Chief Executive Officer was $124,000 gross, before payroll taxes. Prior to 2023, the base annual
salary for our Chief Executive Officer had not changed from the amount set by the court in the 1998 Chapter 11 bankruptcy document. On
October 14, 2023, the Board of Directors approved a base salary increase to $208,000 gross, before payroll taxes, per year. Mr. Billingsley’s
unpaid accrued vacation and