NORTH EUROPEAN OIL ROYALTY TRUST 8-K

What Happened

• North European Oil Royalty Trust (NRT) filed an 8-K reporting results of its Annual Meeting of Unit Owners held on February 17, 2026. A total of 1,996,448 Units were represented in person or by valid proxy. Four trustees were elected to serve until the next annual meeting: Andrew S. Borodach, Ahron H. Haspel, Richard P. Howard and Nancy J. F. Prue, with the vote totals shown below. Unit Owners also voted on an advisory (non-binding) proposal to approve the Managing Director’s compensation.

Key Details

• Trustee election vote counts:
  • Andrew S. Borodach: For 1,691,024; Withheld 305,424
  • Ahron H. Haspel: For 1,882,901; Withheld 113,547
  • Richard P. Howard: For 1,907,063; Withheld 89,385
  • Nancy J. F. Prue: For 1,818,159; Withheld 178,289
• Advisory vote on Managing Director compensation (non-binding): For 1,384,061; Against 268,385; Abstain 344,002
• Date filed / meeting date: 8-K filed February 18, 2026 reporting the meeting held February 17, 2026.
• Broker non-votes: none reported in the filing.

Why It Matters

• Governance: The re-election of trustees maintains the Trust’s board composition and continuity of management oversight through the next annual meeting. Investors can use the vote counts to gauge shareholder support for individual trustees.
• Compensation signal: The advisory approval of the Managing Director’s compensation (a non-binding vote) indicates a majority of participating unit owners supported the pay proposal, though a substantial number abstained or voted against—information investors may consider when assessing governance and management alignment.