---
schema_version: "secwatch.filing_event.v1"
accession: "0000072633-24-000015"
form_type: "8-K"
ticker: "NRT"
cik: "0000072633"
company_name: "NORTH EUROPEAN OIL ROYALTY TRUST"
filed_at: "2024-09-17T23:59:59+00:00"
generated_at: "2026-05-31T04:24:41.772555+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# North European Oil Royalty Trust appoints Richard P. Howard and Andrew S. Borodach as Trustees effective Oct 1, 2024

## Summary
- Richard P. Howard, CFA, brings 47+ years of energy industry experience; former roles at CIGNA, Fidelity, T. Rowe Price.
- Andrew S. Borodach is VP and Head of Transactional Law at Prudential; 25+ years in cross-border M&A and financial services.
- Appointments expand Trust's board to 5 Trustees; effective October 1, 2024.
- Neither new Trustee has any related-party transactions or family relationships with existing Trustees.

## SEC filing metadata
- accession: 0000072633-24-000015
- form_type: 8-K
- ticker: NRT
- cik: 0000072633
- company_name: NORTH EUROPEAN OIL ROYALTY TRUST
- filed_at: 2024-09-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72633/000007263324000015/0000072633-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72633/000007263324000015/ek091724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072633-24-000015
- JSON: https://secwatch.observer/filing/0000072633-24-000015.json
- Plain text: https://secwatch.observer/filing/0000072633-24-000015.txt

## Key facts
- Executive change
  Richard P. Howard was appointed as Trustee at NORTH EUROPEAN OIL ROYALTY TRUST.
  - Action: appointed
  - Role: Trustee
  source text: On September 16, 2024, the Trustees of North European Oil Royalty Trust (the "Trust") appointed Richard P. Howard and Andrew S. Borodach as Trustees of the Trust effective October 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263324000015/0000072633-24-000015-index.htm
- Executive change
  Andrew S. Borodach was appointed as Trustee at NORTH EUROPEAN OIL ROYALTY TRUST.
  - Action: appointed
  - Role: Trustee
  source text: On September 16, 2024, the Trustees of North European Oil Royalty Trust (the "Trust") appointed Richard P. Howard and Andrew S. Borodach as Trustees of the Trust effective October 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72633/000007263324000015/0000072633-24-000015-index.htm

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