{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-036825","form_type":"8-K","ticker":null,"cik":"0001538822","company_name":"Pacific Coast Oil Trust","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.377190+00:00","generated_at":"2026-05-15T08:22:40.032105+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"No distribution for Jan 2026; whistleblower suit proceeds; trust dissolved, winding up delayed","bullets":["No cash distribution for January 2026; cumulative net profits deficit for Developed Properties increased to ~$11.8M.","Whistleblower lawsuit (Potyondy v. PCEC) alleging false data to trustee continues; court denied PCEC's motion to dismiss.","Trustee investigating whistleblower allegations, delaying marketing of trust assets and filing of comprehensive annual report.","Trust owes PCEC ~$12.8M; letter of credit fully drawn; likelihood of future distributions extremely remote.","Arbitration final award: trust dissolved; trustee duties limited to winding up; PCEC allowed to deduct legal fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-036825","json":"https://secwatch.observer/filing/0001104659-26-036825.json","markdown":"https://secwatch.observer/filing/0001104659-26-036825.md","text":"https://secwatch.observer/filing/0001104659-26-036825.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538822/000110465926036825/0001104659-26-036825-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538822/000110465926036825/tm269093d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:22:40.032105+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9bca88c57be17227d3116bb10210ca78c4cbd0d8","claim":"Pacific Coast Oil Trust reported January 2026 results: revenue approximately $2.0 million.","evidence_excerpt":"The Current Month’s distribution calculation for the Developed Properties reflected operating income of approximately $182,000, as revenues from the Developed Properties were approximately $2.0 million, lease operating expenses including production taxes were approximately $1.8 million, and development costs were approximately $0.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538822/000110465926036825/0001104659-26-036825-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"January 2026"},{"label":"Revenue","value":"approximately $2.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}