0001104659-18-073710.txt : 20181219 0001104659-18-073710.hdr.sgml : 20181219 20181219091622 ACCESSION NUMBER: 0001104659-18-073710 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181219 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181219 DATE AS OF CHANGE: 20181219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ECA Marcellus Trust I CENTRAL INDEX KEY: 0001487798 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 276522024 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34800 FILM NUMBER: 181242341 BUSINESS ADDRESS: STREET 1: C/O BNY MELLON STREET 2: 601 TRAVIS STREET, FLOOR 16 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 512-236-6555 MAIL ADDRESS: STREET 1: C/O BNY MELLON STREET 2: 601 TRAVIS STREET, FLOOR 16 CITY: HOUSTON STATE: TX ZIP: 77002 8-K 1 a18-41841_18k.htm 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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): December 19, 2018

 

ECA MARCELLUS TRUST I

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-34800

 

27-6522024

(State or other jurisdiction of

 

(Commission

 

(IRS Employer

incorporation )

 

File Number)

 

Identification No.)

 

The Bank of New York Mellon Trust Company, N.A.

 

 

601 Travis, 16th Floor

 

 

Houston, Texas

 

77002

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (512) 236-6555

 

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

 

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:

 

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

 

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

 

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

 

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

 

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 o

 

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. o

 

 

 


 

Item 7.01                                           Regulation FD Disclosure

 

On December 19, 2018, ECA Marcellus Trust I (the “Trust”) issued a press release announcing its intention to establish cash reserves. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Item 9.01                                           Financial Statements and Exhibits.

 

(d)                                 Exhibits.

 

Exhibit Number

 

Description

99.1

 

ECA Marcellus Trust I Press Release dated December 19, 2018.

 

2


 

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 thereunto duly authorized.

 

 

ECA Marcellus Trust I

 

 

 

By:

The Bank of New York Mellon Trust Company, N.A., as Trustee

 

 

 

Date: December 19, 2018

 

By:

/s/ Sarah Newell

 

 

 

Sarah Newell

 

 

 

Vice President

 

3


EX-99.1 2 a18-41841_1ex99d1.htm EX-99.1

Exhibit 99.1

 

ECA Marcellus Trust I Announces Planned Establishment of Cash Reserve

 

ECA Marcellus Trust I

The Bank of New York Mellon Trust Company, N.A., Trustee

 

News Release

 

For Immediate Release

 

HOUSTON, Texas December 19, 2018 — ECA MARCELLUS TRUST I (NYSE: ECT) (the “Trust”), today announced that its trustee, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), has determined to gradually build a cash reserve for the payment of future expenses and liabilities of the Trust, as permitted by the trust agreement.

 

Commencing with the distribution to unitholders payable in the first quarter of 2019, the Trustee intends to begin withholding the greater of $90,000 or 10% of the funds otherwise available for distribution each month to gradually build a cash reserve of approximately $1,800,000. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders. Cash held in reserve will be invested as required by the trust agreement.  Any cash reserved in excess of the amount necessary to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities eventually will be distributed to unitholders, together with interest earned on the funds.

 

This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical fact, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include statements regarding the Trustee’s planned withholding of funds to build a cash reserve for future known, anticipated or contingent expenses or liabilities of the Trust. Important factors that could cause actual results to differ materially include changes to commodity prices and changes to future known, anticipated or contingent expenses or liabilities of the Trust.  Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Trust nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2017, the Trust’s subsequent Quarterly Reports on Form 10-Q, and all of the Trust’s other filings with the SEC. The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.

 

Contact:

 

ECA Marcellus Trust I

 

 

The Bank of New York Mellon Trust Company, N.A., as Trustee

 

 

Sarah Newell

 

 

+1 (512) 236-6555