-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NEUpWjs0RI+RXJ/A1BTh5+T73+10CuqnlecUMC9KAlH+uGcQ3YVunuSHGQo678wk HQkBF4pSHSQa5cpA75ONaw== 0000072633-02-000013.txt : 20020913 0000072633-02-000013.hdr.sgml : 20020913 20020913151413 ACCESSION NUMBER: 0000072633-02-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020913 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020913 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTH EUROPEAN OIL ROYALTY TRUST CENTRAL INDEX KEY: 0000072633 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 222084119 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08245 FILM NUMBER: 02763651 BUSINESS ADDRESS: STREET 1: P O BOX 456 STREET 2: 43 WEST FRONT STREET SUITE 19-A CITY: RED BANK STATE: NJ ZIP: 07701 BUSINESS PHONE: 9087414008 MAIL ADDRESS: STREET 1: P O BOX 456 STREET 2: 43 WEST FRONT STREET SUITE 19-A CITY: RED BANK STATE: NJ ZIP: 07701 8-K 1 eightk0902.txt 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): September 13, 2002 ------------------ NORTH EUROPEAN OIL ROYALTY TRUST ------------------------------------------------------ (Exact name of Registrant as specified in its charter) Commission File No. 1-8245 Delaware 22-2084119 ----------------------- ----------------------- (State of organization) (IRS Employer I.D. No.) Suite 19A, 43 West Front Street, Red Bank, N.J. 07701 --------------------------------------------------------------- (Address of principal executive offices) 732-741-4008 --------------------------------------------------- (Registrant's telephone number including area code) This report consists of 4 pages. -2- Item 4. Changes in Registrant's Certifying Accountant. --------------------------------------------- As of September 13, 2002 Ernst & Young LLP has been formally engaged to provide audit services to North European Oil Royalty Trust. With the appointment of Ernst & Young as auditor for the Trust, the search process, begun prior to the June 15, 2002 termination of audit services by Arthur Andersen LLP, has been completed. Prior to the engagement of Ernst & Young LLP there had been no consultations regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered by Ernst & Young LLP. Ernst & Young LLP provided no opinion or advice, either written or oral, that could be concluded to be an important factor considered by the Trust in its decision to engage Ernst & Young LLP as its new auditor. Arthur Andersen LLP's report on the financial statements for the Trust's fiscal years 2000 and 2001 contained no adverse opinion or disclaimer of opinion. The report was qualified only to the extent that the financial statements did not present financial position and results of operations in conformity with generally accepted accounting principles, which require the use of the accrual basis of accounting. The Trust uses the cash basis of accounting. In the two full fiscal years and the first two quarters of the current fiscal year prior to the termination of Arthur Andersen LLP's services to the Trust, there were no disagreements between the Trust and Arthur Andersen LLP on any matter of accounting principles or practice, financial statement disclosure or auditing scope or procedure which would have caused Arthur Andersen LLP to make reference to the subject matter of such disagreement in connection with its report. During the same period, there were no "reportable events" as defined in Item 304 of Regulation S-K. -3- Item 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits Exhibit 99.1. A press release dated September 13, 2002 and disseminated through PR Newswire announcing the engagement of Ernst & Young LLP as auditor for North European Oil Royalty Trust. 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. NORTH EUROPEAN OIL ROYALTY TRUST -------------------------------- (Registrant) By: /s/ John R. Van Kirk ------------------------ John R. Van Kirk Managing Director Dated: September 13, 2002 EX-99 3 ex993.txt -4- Exhibit 99.1 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE APPOINTMENT OF A NEW AUDITOR Red Bank, NJ September 13, 2002 The Trustees of North European Oil Royalty Trust (NYSE-NRT) today announced that effective immediately the firm of Ernst & Young LLP will commence serving as auditor for the Trust. With the termination of Arthur Andersen LLP's audit services to the Trust on June 15, 2002, the Audit Committee of North European Oil Royalty Trust accelerated the interview process, which had previously begun, with the goal of retaining a new auditor to provide audit services to the Trust. Following completion of the interview process the Audit Committee made its unanimous recommendation to the Trustees of the Trust. The Trust is pleased to be able to retain such a respected firm to handle the Trust's audit responsibilities. Any questions related to the appointment of the new auditor can be directed to John H. Van Kirk, Managing Trustee or John R. Van Kirk, Managing Director at (732) 741-4008 or E-mail at NEORT@AOL.Com. -----END PRIVACY-ENHANCED MESSAGE-----