secwatch.observer — SEC 8-K summary
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Issuer:     Pacific Coast Oil Trust (—)
CIK:        0001538822
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001104659-26-052944
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

No distribution for Feb 2026; net profits deficit rises to $12.1M; Trust dissolution proceeding
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/0001104659-26-052944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538822/000110465926052944/tm2613240d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-052944

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