---
schema_version: "secwatch.filing_event.v1"
accession: "0000072633-23-000003"
form_type: "8-K"
ticker: "NRT"
cik: "0000072633"
company_name: "NORTH EUROPEAN OIL ROYALTY TRUST"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:53:29.183873+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Trustees re-elected, advisory votes approved at annual meeting

## Summary
- All five trustee nominees elected: Adelman, Haspel, Kobrin, Prue, Taylor with >2.2M votes each.
- Advisory vote on Managing Director compensation approved: 2,225,589 for, 199,567 against, 119,123 abstain.
- Advisory vote on frequency set to every year: 1,953,790 for one year, 54,171 two years, 153,680 three years.
- Total units represented at meeting: 2,544,279 out of outstanding units.

## SEC filing metadata
- accession: 0000072633-23-000003
- form_type: 8-K
- ticker: NRT
- cik: 0000072633
- company_name: NORTH EUROPEAN OIL ROYALTY TRUST
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72633/000007263323000003/0000072633-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72633/000007263323000003/ek021623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072633-23-000003
- JSON: https://secwatch.observer/filing/0000072633-23-000003.json
- Plain text: https://secwatch.observer/filing/0000072633-23-000003.txt

## Key facts
- Shareholder Votes
  NORTH EUROPEAN OIL ROYALTY TRUST shareholders approved Advisory vote on frequency of advisory vote on compensation (every year) at the 2023-02-15 meeting.
  - Proposal: say on pay frequency
  - Outcome: passed
  - Meeting: 2023-02-15
  source text: Proposal Three : The Unit Owners voted, on an advisory (non-binding) basis, to hold an advisory (non-binding) vote on the frequency of the advisory vote on the compensation of the Trust's Managing Director every year, by the votes set forth in the following table: Broker One Year Two Years Three Years Abstain Non-Votes 1,953,790 54,171 153,680 382,638 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263323000003/0000072633-23-000003-index.htm
- Shareholder Votes
  NORTH EUROPEAN OIL ROYALTY TRUST shareholders approved Advisory vote on compensation of the Trust's Managing Director at the 2023-02-15 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-02-15
  source text: Proposal Two : The Unit Owners approved, on an advisory (non-binding) basis, the compensation of the Trust's Managing Director as described in the Trust's Proxy Statement for the Annual Meeting, by the votes set forth in the following table: Broker For Against Abstain Non-Votes 2,225,589 199,567 119,123 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263323000003/0000072633-23-000003-index.htm
- Shareholder Votes
  NORTH EUROPEAN OIL ROYALTY TRUST shareholders approved Election of Trustees at the 2023-02-15 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-02-15
  source text: Proposal One : The following persons were elected as Trustees of the Trust to serve until the next Annual Meeting of Unit Owners, by the votes set forth in the following table: Broker For Withheld Non-Votes Robert P. Adelman 2,358,793 185,486 0 Ahron H. Haspel 2,388,758 155,521 0 Lawrence A. Kobrin 2,210,248 334,031 0 Nancy J. Prue 2,391,416 152,863 0 Willard B. Taylor 2,390,043 154,236 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263323000003/0000072633-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.