{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-052944","form_type":"8-K","ticker":null,"cik":"0001538822","company_name":"Pacific Coast Oil Trust","filed_at":"2026-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.443885+00:00","generated_at":"2026-05-15T00:46:27.993316+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"No distribution for Feb 2026; net profits deficit rises to $12.1M; Trust dissolution proceeding","bullets":["No cash distribution for February 2026; Developed Properties operating loss of $39,000 on revenue of $1.7M.","Cumulative net profits deficit for Developed Properties increased to $12.1M; Remaining Properties deficit to $121,000.","Trust owes PCEC $13.1M; loans and letter of credit fully drawn; no distributions possible until repaid.","Whistleblower retaliation suit against PCEC proceeds but punitive damages barred; Trustee investigating allegations.","Court of Appeals affirmed dismissal of Evergreen derivative claims; Trust dissolved per arbitration panel; winding up to begin."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-052944","json":"https://secwatch.observer/filing/0001104659-26-052944.json","markdown":"https://secwatch.observer/filing/0001104659-26-052944.md","text":"https://secwatch.observer/filing/0001104659-26-052944.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/0001104659-26-052944-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/tm2613240d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T00:46:27.993316+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":"fc5c8322441ebaa9889d81a024e7eed8f2a5e321","claim":"Pacific Coast Oil Trust reported month ended February 2026 results: revenue approximately $1.7 million.","evidence_excerpt":"Month’s distribution calculation for the Developed Properties reflected operating loss of approximately $39,000, as revenues from the Developed Properties were approximately $1.7 million, lease operating expenses including production taxes were approximately $1.7 million, and development costs were approximately $17,000. The average realized price for the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/0001104659-26-052944-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"month ended February 2026"},{"label":"Revenue","value":"approximately $1.7 million"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}