0000072633-17-000018.txt : 20170606 0000072633-17-000018.hdr.sgml : 20170606 20170606163026 ACCESSION NUMBER: 0000072633-17-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170605 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170606 DATE AS OF CHANGE: 20170606 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: 17894445 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 ek060517.txt 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): June 5, 2017 -------------- 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(b).Departure of Directors or Certain Officers; Election of ------------------------------------------------------- Directors; Appointment of Certain Officers; Compensatory -------------------------------------------------------- Arrangements of Certain Officers. --------------------------------- As previously disclosed, Ms. Rosalie J. Wolf retired as a Trustee of North European Oil Royalty Trust (the "Trust") effective May 31, 2017. In order to fill the vacancy created by Ms. Wolf's retirement, on June 5, 2017, the Trustees appointed Ahron H. Haspel as a Trustee. The Trustees also determined that Mr. Haspel meets the independence standards of the rules of the New York Stock Exchange and that he has the attributes required by the applicable rules of the Securities and Exchange Commission to qualify as an "audit committee financial expert" as defined in Regulation S-K. As a result, Mr. Haspel will serve on the Trust's Audit Committee, and will be an audit committee financial expert. In addition, Mr. Haspel will serve on the Trust's Compensation Committee. Mr. Haspel is a member of the Board of Directors of Hanover Community Bank located in New Hyde Park, New York and chairman of its Audit Committee. He is a retired partner of the Jones Day law firm and was a partner with the audit firm of KPMG LLC for 28 years where he served in various leadership positions including as a member of its Board of Directors. There are no arrangements or understandings between Mr. Haspel and any person pursuant to which Mr. Haspel was selected as a Trustee, and there are no actual or proposed transactions between Mr. Haspel or any of his related persons and the Trust that would require disclosure under Item 404 (a) of Regulation S-K (17 CFR 229.404(a)) in connection with his appointment as a Trustee. Mr. Haspel will be compensated in accordance with the Trust's standard compensation policies and practices for Trustees, which are disclosed in the Trust's Proxy Statement for its 2017 Annual Meeting of Unit Owners dated January 10, 2017. Except as set forth above, there is no other material Trust plan, contract or arrangement in which Mr. Haspel will participate in connection with his appointment. Item 9.01. Financial Statements and Exhibits. ---------------------------------- (c) Exhibits The following exhibit is filed herewith: Exhibit 99.1 A press release dated June 6, 2017 announcing the appointment of Ahron H. Haspel as a Trustee of North European Oil Royalty Trust. -3- 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: June 6, 2017 EX-99 2 x99-0605.txt -4- Exhibit 99.1 PR NEWSWIRE NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE APPOINTMENT OF A NEW TRUSTEE Red Bank, N.J. June 6, 2017 -- North European Oil Royalty Trust (NYSE-NRT) (the "Trust") reported that the Trustees of North European Oil Royalty Trust have appointed Ahron H. Haspel as a Trustee following the previously reported resignation of Rosalie J. Wolf from the Board of Trustees. The Trustees have determined that Mr. Haspel meets the independence standards of the rules of the New York Stock Exchange and will serve on the Audit Committee and the Compensation Committee of the Trustees of North European Oil Royalty Trust. Ahron H. Haspel is an investor, a private attorney and a certified public accountant. He currently serves on the Board of Directors of Hanover Community Bank in New Hyde Park, New York, where he is Chairman of the Audit Committee. He is a retired partner of the Jones Day law firm and was a partner with the audit firm of KPMG LLC for 28 years where he served in various leadership positions including as a member of its Board of Directors. For further information, contact John R. Van Kirk, Managing Director, at (732) 741-4008 or via e-mail at jvankirk@neort.com. The text of the Trust's press releases along with other pertinent information is available on the Trust's website: www.neort.com.