Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 257

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 257
---
 and their respective ages as of December 31, 2024, are as follows:

    Name
     
    Age
     
    Position
  
    Chet
    Billingsley
     
    72
     
    President
    and Chief Executive Officer, Principal Financial Officer, and Chairman of the Board of Directors
  
    Lori
    Stansfield
     
    65
     
    Treasurer,
    Director, and Audit Committee Chair

Chet
Billingsley has been our Chief Executive Officer since 1994 and founded the private company, which was the predecessor of 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