---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-233145"
form_type: "8-K"
ticker: "SJT"
cik: "0000319655"
company_name: "SAN JUAN BASIN ROYALTY TRUST"
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T21:27:17.011683+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PNC Bank to resign as San Juan Basin Royalty Trust trustee; nominates Argent Trust as successor

## Summary
- PNC Bank entered an Agreement of Conditional Resignation to step down as SJT trustee, nominating Argent Trust Company as successor.
- Resignation and appointment are subject to unitholder approval and required indenture amendments.
- A special meeting of unitholders is scheduled for December 2023 to vote on the successor trustee and amendments.
- PNC cites the decision based on royalty trust administration not being part of its long-term strategy.

## SEC filing metadata
- accession: 0001193125-23-233145
- form_type: 8-K
- ticker: SJT
- cik: 0000319655
- company_name: SAN JUAN BASIN ROYALTY TRUST
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/319655/000119312523233145/0001193125-23-233145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/319655/000119312523233145/d485279d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-233145
- JSON: https://secwatch.observer/filing/0001193125-23-233145.json
- Plain text: https://secwatch.observer/filing/0001193125-23-233145.txt

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