Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 996

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 996
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2, until his passing in late December 2024. As the largest outside shareholder, Mr. Meyer had been
a senior professional voice in the Company’s management for over 19 years. Mr. Meyer was the founder, publisher, and editor of
a business magazine, Barter News, which went into print in 1979. In 2003, he began a monthly newsletter called The Competitive
Edge. He was one of the first charter inductees of the International Reciprocal Trade Association’s “Barter Hall of Fame,”
and he had twice addressed the American Countertrade Association, a prestigious organization of Major Fortune 500 companies that countertrades
in billions of dollars annually. As a business founder, Mr. Meyer brought his knowledge and business understanding to Board discussions.
Mr. Meyer was a former professional baseball player, playing in the major leagues with New York Yankees, Kansas City Athletics, Los Angeles
Angels, Seattle Pilots, and Milwaukee Brewers from 1960 - 1971. Mr. Meyer had no 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