-----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, NrO/A6Ai9Ss8kZ8UNNuxL9rHNgsEHwJ9M29F5Ehsu0eqGCdt8NoBZrl3OoVGm+Dv T19un2wfuArwy88x4WOnjw== 0000072633-06-000024.txt : 20060906 0000072633-06-000024.hdr.sgml : 20060906 20060906132208 ACCESSION NUMBER: 0000072633-06-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060906 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060906 DATE AS OF CHANGE: 20060906 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: 061076120 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: 7327414008 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 ek090606.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 5, 2006 -------------------- 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) Not Applicable ------------------------------------------------------------ Former name or former address, 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: [ ] 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)) -2- Item 5.02. Departure of Directors or Principal Officers; Election of --------------------------------------------------------- Directors; Appointment of Principal Officers. -------------------------------------------- On September 6, 2006, North European Oil Royalty Trust (the "Trust") issued a press release announcing the retirement, effective October 31, 2006, of John H. Van Kirk, the Trust's Managing Trustee and chief executive officer. Mr. John H. Van Kirk will be named Founding Trustee Emeritus and will continue to serve as a consultant to the Trust and its Trustees. The Trust also announced that, effective November 1, 2006, (1) Robert P. Adelman, a Trustee since 1987, will assume the role of Managing Trustee and vacate his position as Audit Committee chair, (2) Lawrence A. Kobrin will be designated as a Trustee, (3) Samuel M. Eisenstat, a Trustee since 1996, will assume the role of Audit Committee chair and (4) John R. Van Kirk, the son of John H. Van Kirk, will be designated as chief executive officer and will continue to serve in his present role as Managing Director and chief financial officer. Mr. John R. Van Kirk has served as Managing Director of the Trust since 1990. The Trust has not entered into any new employment or compensation arrangements with Mr. John R. Van Kirk as a result of his assuming the additional role of chief executive officer. Mr. Kobrin is a partner of the law firm of Cahill Gordon & Reindel LLP in New York, New York, a position he has held since 1984. Cahill Gordon & Reindel LLP has provided legal services to the Trust since that time. Filed herewith as Exhibit 99 is a copy of the press release, which is incorporated by reference herein. -3- Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits The following exhibit is filed herewith: Exhibit 99. A press release dated September 6, 2006 and disseminated through PR Newswire announcing the resignation of John H. Van Kirk as Managing Trustee of North European Oil Royalty Trust, the naming of Robert P. Adelman, a currently serving Trustee, as his successor and the appointment of Lawrence A. Kobrin as a new Trustee. 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. NORTH EUROPEAN OIL ROYALTY TRUST -------------------------------- (Registrant) By: /s/ John R. Van Kirk ------------------------ John R. Van Kirk Managing Director Dated: September 6, 2006 EX-99 2 x99-9606.txt - 4 - Exhibit 99 NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE RETIREMENT OF THE MANAGING TRUSTEE, THE NAMING OF HIS SUCCESSOR AND THE APPOINTMENT OF A NEW TRUSTEE PR NEWSWIRE Red Bank, N.J. September 6, 2006 -- Mr. John H. Van Kirk, the Managing Trustee of North European Oil Royalty Trust (Symbol: NRT), has advised the Trustees that he has decided to retire as an active Trustee and as Managing Trustee as of the end of the current fiscal year of the Trust, October 31, 2006. "I have been associated with the Trust since its inception in 1975, was the President of its predecessor corporation, North European Oil Company, since its formation in 1957, and was instrumental in the re-establishment of the prior corporate entity North European Oil Corporation," Mr. Van Kirk said. "While I hope to continue to participate in the deliberations of the Trustees, I feel that the continuity of the Trust requires a further addition to the Trustee roster," he said. The remaining Trustees named Mr. Robert P. Adelman, a Trustee since 1987, to fill the role of Managing Trustee when Mr. Van Kirk retires. Mr. Adelman had been the chief financial officer of the New York State Urban Development Corporation, the chief financial officer of the Rockefeller Group, Inc., and had served in various leadership positions (including Chairman, President and Chief Executive Officer) for Rogers Group, Inc., a Nashville based corporation engaged in the mining of construction aggregates and road building from 1984 to 2004. He had also been a member of the Financial Executives Institute and the Conference Board Executive Council. He currently serves as a director of CPRC Group, LLC, which is in the bark mulch, recycling and road paving businesses in northern New England. The Trustees also designated Mr. Lawrence A. Kobrin, counsel to the Trust since its inception, to become a Trustee at the time of Mr. Van Kirk's retirement from his post. Mr. Kobrin is a partner of the law firm of Cahill Gordon & Reindel LLP in New York, New York. He had served as a founding director of UMB Bank & Trust Company, and is a member of the American College of Real Estate Lawyers. The Trustees and their Audit Committee designated Samuel M. Eisenstat, another presently serving Trustee, to fill the role of Chair of the Audit Committee, a position now held by Mr. Adelman. They named the retiring Managing Trustee as Founding Trustee Emeritus and invited him to continue to serve as a consultant to the Trust and its Trustees. Mr. John R. Van Kirk, son of the retiring Managing Trustee, will continue as Managing Director of the Trust, a position he has held since 1990. The Trustees determined that, effective November 1, 2006, Mr. John R. Van Kirk would be designated as chief executive officer of the Trust in addition to his present role as chief financial officer. Mr. Adelman said: "Our emphasis in making the new designations is on continuity and institutional memory which are essential for the efficient operations of the Trust. The Trustees are pleased that they can do so with the designations made today and are hopeful that we will continue to have the benefit of the counsel of John H. Van Kirk, the Founding Trustee, for many years to come." - 5 - The Trustee roster will be presented in the usual manner to the Annual Meeting of Unit Owners in February 2007 in accordance with the Trust Agreement of the Trust. For further information, contact Mr. John R. Van Kirk, Managing Director, at (732) 741-4008, or via e-mail at neort@aol.com. Website: www.neort.com. -----END PRIVACY-ENHANCED MESSAGE-----