Every 10-Q that MILLS MUSIC TRUST CBI (MMTRS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MMTRS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MMTRS filings page.
Mills Music Trust reports cash-based results for the three and six months ended June 30, 2026, reflecting its role as a pass-through vehicle for royalty-linked payments from EMI. Receipts from EMI were $225,863 for the quarter and $650,023 for the first half of 2026, with administrative expenses of $132,540 and $211,405, respectively. This left a balance available for distribution of $93,323 for the quarter and $438,618 for the six-month period, all of which was distributed to holders of 277,712 Trust Units.
Cash distributions per unit were $0.3360 for the quarter and $1.5794 year-to-date, compared with no distributions in the prior-year periods. The Trust highlights an ongoing disagreement with EMI over the calculation of Contingent Portion payments, where, based on the Trust’s interpretation of the Asset Purchase Agreement, underpayments total $346,363 through June 30, 2026; EMI disagrees, and the Trustees state there is no assurance of recovery or favorable resolution for future payments. A prior settlement with EMI resulted in a $500,000 payment in November 2025 and amended certain fee caps and offset provisions for periods beginning July 1, 2025. As of July 31, 2026, the Trust held $0 in cash and had $9,750 of unpaid administrative expenses.
Mills Music Trust reports first-quarter 2026 cash activity and provides an update on its royalty dispute with EMI. The Trust received $424,160 from EMI in March 2026, including a fourth-quarter 2025 Contingent Portion payment, a true-up for third-quarter 2025, and an additional fourth-quarter amount EMI characterizes as a computational correction.
After paying $78,865 of administrative expenses, the Trust distributed $345,295, or $1.2434 per Trust Unit, to holders of 277,712 units and ended the quarter with no cash and $35,536 of unpaid administrative expenses. The Trust states that, based on its interpretation of the Asset Purchase Agreement, EMI’s recent Contingent Portion payments are deficient, citing Calculation Method Underpayments totaling $271,140 for periods from March 31, 2025 through March 31, 2026, which EMI disputes. A prior $500,000 settlement resolved underpayment and methodology claims only through December 31, 2024, leaving the ongoing “Calculation Method Dispute” and post-2024 underpayment claims unresolved.
Mills Music Trust reported Q3 2025 cash activity and a post‑quarter settlement with EMI. The Trust received $356,533 in Contingent Portion payments attributable to Q2 2025 royalties and ended the quarter with $377,109 in undistributed cash reserved for potential administrative expenses. 277,712 Trust Units were outstanding as of September 30, 2025.
On October 30, 2025, EMI agreed to pay the Trust $500,000 within ten business days in full and final settlement of claims through December 31, 2024. The parties also amended the Asset Purchase Agreement, capping foreign sub‑publishing fees at 25% and limiting U.S. copyright renewal offsets to U.S. royalty income beginning July 1, 2025. The Trust plans to release the reserve and make a distribution equal to the cash balance plus the settlement payment, less unpaid invoices, after receiving the funds. The ongoing Calculation Method dispute remains unresolved for periods after December 31, 2024, with claimed underpayments totaling $1,637,819 as of September 30, 2025.