Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 376

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 376
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 promote our
ethical goal of stewardship of society’s assets for first, the greater good of our shareholders, and in a second and
supporting way, our stakeholders, the public, and future generations. In part, we accomplish these goals by ensuring that we engage
in environmentally and socially responsible decisions, including decisions aligned with energy efficiency and waste avoidance. The
principles of respect for others in the form of fair compensation based on merit, and good faith business dealings irrespective of
race, alienage, national origin, religion, or gender have been a management priority for forty years. We will continue our efforts
to treat others with fairness and respect, seek corporate opportunities that benefit shareholders and align with our ethical
stewardship principles, and avoid conflicts of interest to help ensure that 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)