8-K
filed May 29, 2026, 4:16 PM ET
CIK 0001538822
other material
confidence high
sentiment negative
materiality 0.85
Pacific Coast Oil Trust: no May distribution, $13.7M owed to PCEC, dissolution pending litigation
Pacific Coast Oil Trust
- No cash distribution for May 2026 (March net profits); future distributions 'extremely remote'.
- Cumulative net profits deficit $11.7M (Developed) and $65K (Remaining); Trust owes PCEC $13.7M.
- Derivative lawsuit filed May 20, 2026 against Trustee alleging breach of fiduciary duty over ARO deductions.
- Dissolution triggered (cash proceeds <$2M in 2020/2021) but delayed by ongoing Evergreen/PCEC arbitrations.
- Average realized price $84.94/Boe (March) vs $53.14 (Feb) for Developed Properties.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001104659-26-068279
- form_type
- 8-K
- ticker
- null
- cik
- 0001538822
- company_name
- Pacific Coast Oil Trust
- filed_at
- 2026-05-29T20:16:16+00:00
- discovered_at
- 2026-05-29T20:18:00.493142+00:00
- generated_at
- 2026-05-29T20:18:20.097976+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
- secwatch_canonical_url
- https://secwatch.observer/filing/0001104659-26-068279
- json_url
- https://secwatch.observer/filing/0001104659-26-068279.json
- markdown_url
- https://secwatch.observer/filing/0001104659-26-068279.md
- text_url
- https://secwatch.observer/filing/0001104659-26-068279.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1538822/000110465926068279/0001104659-26-068279-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1538822/000110465926068279/tm2616038d1_8k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
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