SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
December 21, 2007
(Date of earliest event reported)
Torch Energy Royalty Trust
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
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1-1247
(Commission File Number)
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74-6411424
(I.R.S. Employer |
| incorporation or organization)
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Identification Number) |
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890
(Address of principal executive offices, including zip code)
302/636-6016
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On December 21, 2007, Torch Energy Royalty Trust (“Trust”) reported that it had received and
verified a request by Trust Venture Company, LLC to call a special meeting of the Unitholders.
Trust Venture Company, LLC is a Unitholder owning of record more than ten percent in number of the
outstanding units of beneficial interests in the Trust. This request for a special meeting was
issued pursuant to Section 8.02 of the Trust Agreement, by and among Torch Energy Advisors
Incorporated, Torch Royalty Company, Velasco Gas Company Ltd. and the Trustee, dated October 1,
1993. Section 8.02 of the Trust Agreement permits Unitholders owning of record 10% or more in
number of the then outstanding units of the Trust to call a special meeting of Unitholders. Trust
Venture Company, LLC stated the purpose of such special meeting was to consider and vote upon a
proposal to terminate the Trust in accordance with the applicable provisions of the Trust
Agreement.
The Trust is in the process of preparing the notice of special meeting and information statement
and will provide such notice as promptly as practicable to the Unitholders. The notice will set
forth the time and place of the meeting in Houston, Texas and in general terms the matters proposed
to be acted upon at such meeting. Notice will be given in person or by mail not more the 60 days
nor less than 20 days before such meeting is to be held to all Unitholders of record at the close
of business on a record date selected by the Trustee which shall not be more than 60 days before
the date of such mailing. A copy of the press release is furnished with this report as exhibit
99.1.
The information in this report is being furnished pursuant to Item 8.01 “Other Events”, not filed,
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
This information shall not be incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference
in such filing.
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| Item 9.01. |
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Financial Statements and Exhibits |
(d) Exhibits.
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99.1 |
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Torch Energy Royalty Trust Press Release dated August 1, 2007 (furnished not filed). |