mills music trust (MMTRS) Key Developments
Mills Music Trust announced delayed annual 10-K filing
Apr 1 14
On 04/01/2014, Mills Music Trust announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Mills Music Trust, EMI Mills Music Inc. and EMI Consortium Music Publishing Inc. to Settle All Disputed Claims
Mar 6 14
On February 28, 2014, Mills Music Trust, EMI Mills Music Inc. and EMI Consortium Music Publishing Inc. agreed to settle all disputed claims of the Trust and EMI for all periods of time prior to October 1, 2011 relating to EMI Mills Music's obligation to make ongoing payments to the Trust of a deferred contingent purchase price obligation under the Asset Purchase Agreement, dated December 5, 1964. The settlement does not cover any periods of time after the Settlement Period. In connection with the Settled Claims, the Trust had previously filed a Summons with Notice with the Supreme Court of the State of New York seeking damages of not less than $2,614,948 from EMI for breach of contract, among other claims. Under the terms of the settlement, EMI agreed to make payment to the Trust in the amount of $625,000 within ten business days of February 28, 2014 in full and final settlement of the Settled Claims and the Trust agreed to withdraw the Summons With Notice or dismiss the Summons with Notice without prejudice and without cost in accordance with the terms of the settlement.
Mills Music Trust Announces Appointment of Trustees
Sep 5 13
Mills Music Trust held a meeting of the registered owners of Trust Certificates representing interests in the Trust. At the meeting, each of Lee Eastman and Michael E. Reiss was elected as an individual Trustee by Unit Holders holding a majority of the Trust Units outstanding as of the record date of the meeting. Each of Mr. Eastman and Mr. Reiss has accepted his appointment as an individual Trustee in accordance with the Declaration of Trust.
Lee Eastman is a partner at Eastman & Eastman. Mr. Eastman currently serves on the board of the National Music Publishers' Association and as executive vice-president on the board of Literacy Partners Inc. From 2006 until present, Mr. Reiss has been a Member of Buttonwood Tree Management, LLC and a general partner of Buttonwood Tree Value Partners, LLC. From 2010 until present, Mr. Reiss has served as Trustee for the Peggy J. Wilson Declaration of Trust and the Peggy J. Wilson Irrevocable Life Insurance Trust.
Mills Music Trust, Annual General Meeting, Aug 29, 2013
Aug 9 13
Mills Music Trust, Annual General Meeting, Aug 29, 2013., at 10:00 US Eastern Standard Time. Location: The McGraw-Hill Building.