KIEWIT ROYALTY TRUST (OTCMKTS:KIRY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Kiewit Royalty Trust (the “Trust”) is administered by officers and employees of U.S. Bank, N.A. which serves as the sole trustee of the Trust (the “Trustee”). The Trust does not have a principal financial or chief accounting officer or any other officers, and officers of the Trustee are from time to time designated to perform the certain necessary functions of the Trust, although there are no specific persons employed by the Trustee having the full-time duty of administering the Trust.
In 2008, Luke H. Paladino was designated to perform the necessary functions of the Trust on behalf of the Trustee. Mr. Paladino voluntarily resigned as Vice President and Trust Officer of the Trustee, effective as of November 22, 2016, and will no longer provide services to the Trust. Mr. Paladino resigned in order to pursue other opportunities and his departure is not related to any disagreement with the Trust or Trustee regarding any financial, accounting, or other matters.