Great Northern Iron Ore Properties 8-K 2015
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:
Item 8.01 Other Events.
On January 26, 2015, the Ramsey County District Court issued its Findings of Fact, Conclusions of Law and Order for Judgment (Court Order) pursuant to the Trustees Petition for Instructions dated September 9, 2014 (Trustees Petition) and following the hearings held before the Court on October 7, 2014 and November 24, 2014. The Court Order approved the Trustees Petition and confirmed, among other things, that (i) the Trustees are to proceed with winding up the affairs of the Trust upon the Trusts termination date of April 6, 2015, and to undertake the tasks and actions outlined in the Trustees Wind-Up Plan, (ii) during the wind-up period, the Trustees are to retain possession and control of the Trusts cash and non-cash assets (and related books and records), and (iii) the Trust termination and wind-up expenses and costs (including attorneys fees) are to be allocated between the Trusts income beneficiaries (certificate holders or shareholders) and reversionary beneficiary (the reversioner) as set forth in the Court Order. The full text of the Court Order is set forth in Exhibit 99.1 attached hereto and is incorporated into the Current Report as if fully set forth herein.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired: None
(b) Pro forma financial information: None
(c) Shell company transactions: None
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
CURRENT REPORT ON FORM 8-K
GREAT NORTHERN IRON ORE PROPERTIES
W-1290 First National Bank Building