# EDGAR Filing Document

**Accession Number:** 0000072633
**File Stem:** 0000072633-23-000005
**Filing Date:** 2023-3
**Character Count:** 8667
**Document Hash:** 2f79ca04ca8056b558286c1bf18aefd8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000072633-23-000005.hdr.sgml**: 20230315

**ACCESSION NUMBER**: 0000072633-23-000005

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230314

**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**: 20230315

**DATE AS OF CHANGE**: 20230315

**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:** NH
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08245
- **FILM NUMBER:** 23733490

**BUSINESS ADDRESS:**
- **STREET 1:** P O BOX 187
- **STREET 2:** 5 N. LINCOLN STREET
- **CITY:** KEENE
- **STATE:** NH
- **ZIP:** 03431
- **BUSINESS PHONE:** 7327414008

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 187
- **STREET 2:** 5 N. LINCOLN STREET
- **CITY:** KEENE
- **STATE:** NH
- **ZIP:** 03431

## UNITED STATES SECURITIES AND EXCHANGE COMMISSION

### WASHINGTON, DC 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): <u>March 13, 2023</u>**

------

## NORTH EUROPEAN OIL ROYALTY TRUST
(Exact Name of Registrant as Specified in Charter)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Delaware</u> <u>1-8245</u> <u>22-2084119</u> 

State or Other Jurisdiction (Commission (I.R.S. Employer

of Incorporation File Number) Identification No.)

 <u>5 N. Lincoln Street, Keene, NH 03431</u> (Address of Principal Executive Office, and Zip Code)

 <u>(732) 741-4008</u> (Registrant's Telephone Number, Including Area Code)

(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 (see General Instruction A.2.below):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ ] Written communication pursuant to Rule 425 under the Securities Act <br> (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act <br> (17 CFR 240.14a-12)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ ] Pre-commencement communication pursuant to Rule 14d-2(b) under the <br> Exchange Act (17 CFR 240.14d-2(b))

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the <br> Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

<u>Title of each class</u> <u>Trading Symbol(s)</u> <u>Name of each exchange on which registered</u>

Units of Beneficial Interest NRT New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR Section 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR Section 240.12b-2).

Emerging growth company [ ]

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. [ ]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Item 5.02. <u>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers.</u>

On March 14, 2023, North European Oil Royalty Trust (the "Trust") issued a press release via PR Newswire announcing the retirement of Robert P. Adelman, the Trust's Managing Trustee, effective March 13, 2023, and his retirement as an active Trustee as of April 30, 2023.

The Trust also announced that, effective March 14, 2023, Nancy J. Floyd Prue will assume the role of Managing Trustee. There are no arrangements or understandings between Ms. Floyd Prue and any other person pursuant to which she was selected as Managing Trustee, and there are no family relationships between Ms. Floyd Prue and any other Trustee. There are no transactions in which Ms. Floyd Prue has an interest requiring disclosure under Item 404(a) of Regulation S-K.

Ms. Floyd Prue has been a member of the Trust's Board of Trustees since March 15, 2018. Ms. Floyd Prue has over 40 years of investment experience including 35 years with Adams Funds. During her tenure with Adams Funds, Ms. Floyd Prue served as President of Adams Natural Resources Fund and as a portfolio manager focusing on the oil and gas industry. As a result of serving in these roles and serving as a member of our Audit Committee, Ms. Floyd Prue has accumulated significant leadership and financial reporting experience as well as extensive knowledge of the energy industry. Ms. Floyd Prue is currently a director and treasurer of the Keswick Multi-Care Board and is member of the Board of Directors of the Keswick Foundation. Ms. Floyd Prue is a former President and a director of the National Association of Petroleum Investment Analysts.

Furnished herewith is a copy of the press release, which is incorporated by reference herein.

Item 9.01. <u>Financial Statements and Exhibits.</u>

(d) Exhibits

[Exhibit 99.](x99-031423.htm) A press release dated March 14, 2023 and disseminated through PR Newswire announcing the retirement of the currently serving Managing Trustee and the appointment of his successor. <br>

<u>SIGNATURES</u>

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.

 <u>NORTH EUROPEAN OIL ROYALTY TRUST</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)

 <u>/s/ John R. Van Kirk</u> 

John R. Van Kirk

&nbsp;&nbsp;&nbsp;&nbsp;Managing Director

March 14, 2023

## Ex-99

Exhibit 99

PR NEWSWIRE

**NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES** **THE RETIREMENT OF THE MANAGING TRUSTEE** **AND THE NAMING OF HIS SUCCESSOR**

Keene, N.H. March 14, 2023 - Mr. Robert P. Adelman, the Managing Trustee of North European Oil Royalty Trust (the "Trust") (Symbol: NRT), has advised the Trustees that he has decided to retire from his position of Managing Trustee as of March 13, 2023 and as an active Trustee as of the end of the current fiscal quarter of the Trust, April 30, 2023.

The remaining Trustees named Ms. Nancy J. Floyd Prue, a Trustee since March 15, 2018, to fill the role of Managing Trustee beginning on March 14, 2023. Ms. Floyd Prue has been a member of the Trust's Board of Trustees since March 2018. Ms. Floyd Prue has over 40 years of investment experience including 35 years with Adams Funds. During her tenure with Adams Funds, Ms. Floyd Prue served as President of Adams Natural Resources Fund and as a portfolio manager focusing on the oil and gas industry. As a result of serving in these roles and serving as a member of our Audit Committee, Ms. Floyd Prue has accumulated significant leadership and financial reporting experience as well as extensive knowledge of the energy industry. Ms. Floyd Prue is currently a director and treasurer of the Keswick Multi-Care Board and is member of the Board of Directors of the Keswick Foundation. Ms. Floyd Prue is a former President and a director of the National Association of Petroleum Investment Analysts.

In reporting the resignation and appointment, John R. Van Kirk, the Trust's Managing Director, said, "The Trustees accepted the resignation with regret, recognizing the long years of leadership which Mr. Adelman had provided to the Trust for the benefit of its owners. His familiarity with the origins of the royalty rights held by the Trust and his conduct of negotiations concerning those rights made him uniquely qualified for the position of Managing Trustee. He filled the position with expertise and diligence."

For further information, contact Mr. John R. Van Kirk, Managing Director, at (732) 741-4008, or via e-mail at jvankirk@neort.com. Website: www.neort.com.