STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-1 8-K

What Happened

• The trust filed an 8-K (Item 8.01) reporting a distribution to holders of the Certificates issued by Select Notes Trust LT 2003-1. The trustee's report for the February 17, 2026 distribution date was filed as an exhibit.
• The filing notes that any issuer (or guarantor or successor) that represents 10% or more of the trust is subject to Exchange Act reporting requirements and that those periodic reports and other information can be inspected at the SEC or at www.sec.gov.
• The filing also states that neither Structured Obligations Corporation nor the trustee prepared, verified, or performed due diligence on the issuer filings and that there can be no assurance that relevant events affecting those issuers have been disclosed.

Key Details

• Distribution date reported: February 17, 2026.
• Trustee's Report attached as an exhibit to the 8-K (Item 9.01).
• Threshold noted: issuers/guarantors representing ≥10% of the trust are subject to Exchange Act reporting.
• The trust and trustee did not verify or vouch for the accuracy or completeness of the issuer-level public filings referenced.

Why It Matters

• For certificate holders and potential investors, this confirms a scheduled distribution was made and points to where to find issuer-level disclosures that can affect trust performance (credit quality, defaults, guarantor changes).
• Because the trust and trustee did not verify the underlying issuer reports, investors should review the referenced Exchange Act filings directly on the SEC website for up-to-date information on large underlying issuers.
• This filing is informational about a distribution and disclosure procedures; it does not report earnings, revenue, executive changes (CEO/CFO), mergers, acquisitions, or bankruptcy.