Mills Music Trust distributing $573K to holders

After $111,347 in fees and expenses, $573,382 remained available for distribution, equal to $2.0647 per Trust Unit.

Rhea-AI Filing Summary

Mills Music Trust received approximately $684,729, or $2.4656 per Trust Unit, from Sony Music Publishing during the third quarter of 2026 for the contingent payment tied to royalty income generated by its copyright catalogue in the second quarter of 2026. The comparable contingent payment for the second quarter of 2025 was $512,648, or $1.8460 per Trust Unit.

After $111,347 in fees and expenses to the Registrar-Transfer Agent and for other administration, $573,382, or $2.0647 per Trust Unit, was available for distribution. That balance is being distributed to Unit Holders of record as of the close of business on September 22, 2026.

Positive

• Sony EMI's three-month gross royalty collections: $1,814,343 in 2026 versus $1,215,445 in 2025.

Negative

• None.

Filing Explained

The report shows how Sony's $1,814,343 in gross royalties collected became the $684,729 contingent payment: $374,704 in related royalty expense, $570,464 deducted by Sony and a $184,445 copyright-renewal adjustment were reflected in the calculation under the 1964 asset purchase agreement.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Q2 2026 contingent payment: $684,729 Payment per Trust Unit: $2.4656 per Trust Unit Q2 2025 contingent payment: $512,648 +4 more

7 metrics

Q2 2026 contingent payment $684,729 Received during the third quarter of 2026

Payment per Trust Unit $2.4656 per Trust Unit Q2 2026 contingent payment

Q2 2025 contingent payment $512,648 $1.8460 per Trust Unit

Fees and expenses $111,347 Registrar-Transfer Agent and other administrative expenses

Balance available for distribution $573,382 $2.0647 per Trust Unit

Gross royalty income collected by Sony EMI $1,814,343 Three months ended September 30, 2026

Gross royalty income collected by Sony EMI $1,215,445 Three months ended September 30, 2025

Key Terms

contingent portion payment, deferred contingent purchase price obligation, Asset Purchase Agreement

3 terms

contingent portion payment financial

"Q2 2026 Contingent Portion Payment"

deferred contingent purchase price obligation financial

"in connection with a deferred contingent purchase price obligation"

Asset Purchase Agreement financial

"under the asset purchase agreement, dated December 5, 1964"

An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was MMTRS's second-quarter 2026 contingent payment?

Mills Music Trust received approximately $684,729, or $2.4656 per Trust Unit, during the third quarter of 2026 for the contingent payment tied to second-quarter 2026 royalty income.

How did MMTRS's contingent payment compare with the prior year?

The second-quarter 2026 contingent payment was approximately $684,729 ($2.4656 per Trust Unit), compared with $512,648 ($1.8460 per Trust Unit) for the second quarter of 2025.

How much was available for distribution to MMTRS Unit Holders?

$573,382, or $2.0647 per Trust Unit, was available after $111,347 in fees and expenses.

What was the record date for the MMTRS distribution?

The distribution is being made to Unit Holders of record as of the close of business on September 22, 2026.

How much gross royalty income did Sony EMI collect in the three months ended September 30, 2026?

The computation reports $1,814,343 in gross royalty income collected by Sony EMI for the three months ended September 30, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0000066496 0000066496 2026-09-23 2026-09-23

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 23, 2026

MILLS MUSIC TRUST

(Exact name of registrant as specified in its charter)

New York		000-02123		13-6183792
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

C/O HSBC Bank USA, N/A, Corporate Trust Issuer Services 66 Hudson Blvd East, New York, New York 10001		10001
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 525-1349

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On September 23, 2026, Mills Music Trust issued a report to its Unit Holders containing computation details regarding the payment it received attributable to the second quarter of 2026. The full text of the report is included as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1		Quarterly distribution report, dated September 23, 2026, issued by the Trust.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						MILLS MUSIC TRUST
Date: September 23, 2026				By:		/s/ Garfield Barrett
						Garfield Barrett Trust Officer of the Corporate Trustee HSBC Bank U.S.A, NA

Exhibit 99.1

MILLS MUSIC TRUST

C/O HSBC BANKS U.S.A.

66 HUDSON BLVD EAST

NEW YORK, NY 10001

September 23, 2026

Quarterly Distribution Report No. 247

To the holders (the “Unit Holders”) of Trust Certificates representing interests (the “Trust Units”) in Mills Music Trust (the “Trust”):

This Quarterly Distribution report relates to the payment received by the Trust from Sony Music Publishing (“Sony EMI”) during the third quarter of 2026, in respect of the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the second quarter of 2026 (the “Q2 2026 Contingent Portion Payment”).

The Trust received approximately $684,729 ($2.4656 per Trust Unit) for the Q2 2026 Contingent Portion Payment, as compared to $512,648 ($1.8460 per Trust Unit) for the contingent portion payment attributable to royalty income generated by the Trust’s copyright catalogue in the second quarter of 2025.

After receiving the Q2 2026 Contingent Portion Payment, the Trust paid $111,347 to third party advisors and professionals providing services to the Trust in connection with invoices rendered to the Trust, leaving an aggregate balance of $573,382 ($2.0647 per Trust Unit). Such balance is being distributed to the Unit Holders of record as of the close of business on September 22, 2026.

Additional computation details are set forth in the attached report.

The information contained in this Quarterly Distribution Report will be disclosed on a Form 8-K filed with the Securities and Exchange Commission (the “SEC”). The Trust’s SEC filings are available to the public over the internet on the SEC’s web site at http://www.sec.gov.

Very truly yours,

MILLS MUSIC TRUST

The following is a computation of amounts available for distribution and/or the payment of administrative expenses of the Trust during the three months and twelve months ended September 30, 2026 and September 30, 2025 out of payments made to the Trust in connection with a deferred contingent purchase price obligation under the asset purchase agreement, dated December 5, 1964, as amended (the “Asset Purchase Agreement”):

		Three Months Ended September 30, 2026								Per Unit*
Gross royalty income collected by Sony EMI for the period		$	1,814,343
Less: Related royalty expense			374,704
Amount deducted by Sony EMI			570,464
Adjustment for copyright renewals, etc.			184,445
			1,129,613
Balance as reported by Sony EMI		$	684,729
Plus: Q3 True Up Payment			—
Plus: Additional Q4 Amount			—
Payments received by Trust		$	684,729							$	2.4656
Less: Fees and expenses to Registrar-Transfer Agent and other administrative expenses			111,347								.4009
Plus: Audit Settlement Payment			—								—
Reserve for future potential administrative liabilities and expenses			—								—
Balance available for distribution		$	573,382							$	2.0647

* Based on the 277,712 Trust Units outstanding.

Three Months Ended September 30, 2025								Per Unit*				Twelve Months Ended September 30, 2026								Per Unit*				Twelve Months Ended September 30, 2025								Per Unit*
$	1,215,445											$	4,553,189											$	3,694,264
	349,934												1,393,872												1,381,945
	340,151												1,286,271												1,011,508
	168,837												471,346												238,791
$	858,912											$	3,151,489											$	2,632,244
$	356,533											$	1,401,609											$	1,062,020
	—												92,550	(1)											—
	—												89,973	(2)											—
$	356,533							$	1.2838			$	1,584,132							$	5.7042			$	1,062,020							$	3.8242
	117,457								.4229				497,044								1.7898				684,855								2.4660
	—								—				500,000								1.8004				—								—
	(239,076	)						$	.8609				377,109	(3)							1.3579				(377,165	)							1.3581
$	0							$	0			$	1,964,197							$	7.0728			$	0							$	0

1 During the fourth quarter of 2025, the Trust received an estimated payment from Sony EMI in the aggregate amount of $250,000 in respect of the contingent portion payment attributable to royalty income generated by the Trust’s catalogue during the third quarter of 2025. During the first quarter of 2026, the Trust received a true up payment in respect of such estimated payment in the amount of $92,550, representing (x) income collected by Sony EMI for the period of $919,933, less (y) the sum of (i) related royalty expenses of $280,906, (ii) deductions by Sony EMI in the amount of $267,196, and (iii) adjustments for copyright renewals in the amount of $29,281.

2 On March 12, 2026, Sony EMI informed the Trust that it had overpaid the Trust by the aggregate amount of $89,973 ($0.3239 per Trust Unit) for the contingent portion payment attributable to the fourth quarter of 2025, which Sony EMI claims is the result of a computational error made by Sony EMI. In the Trust’s view, this payment relates to a historical dispute between Sony EMI and the Trust regarding the interpretation of a provision in the Asset Purchase Agreement governing the formula to be used to determine the contingent portion payment in a given quarter (the “Calculation Method Dispute”). Sony EMI has advised the Trust that it intends to correct the overpayment in future quarters by offset against future contingent portion payments to be made to the Trust, in which case the Trust intends to reserve its rights with respect to the overpayment and the Calculation Method Dispute.

3 During the fourth quarter of 2025, the Trustees released to the Unit Holders the entire cash reserve established to fund potential future potential administrative expenses and liabilities incurred by the Trust.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 61.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.2 KB