Adams Natural Resources Fund Files 8-K

TL;DR

ADAMS NATURAL RESOURCES FUND FILES 8-K, REPORTING CORPORATE CHANGES AND FINANCIALS.

AI Summary

Adams Natural Resources Fund, Inc. filed an 8-K on June 6, 2024, reporting events as of June 2, 2024. The filing indicates amendments to its articles of incorporation or bylaws, a change in its fiscal year, and includes financial statements and exhibits. The company, formerly known as Petroleum & Resources Corp, is incorporated in Maryland and has its fiscal year end on December 31.

Why It Matters

This 8-K filing signals potential changes in the fund's corporate structure or financial reporting periods, which could impact investors' understanding of its operations and financial health.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate and financial information, not indicating any immediate operational or financial distress.

Key Numbers

• 811-02736 — Commission File Number (Identifies the fund's filing with the SEC)
• 13-5506797 — IRS Employer Identification No. (Tax identification number for the fund)

Key Players & Entities

• ADAMS NATURAL RESOURCES FUND, INC. (company) — Registrant
• Petroleum & Resources Corp (company) — Former name of registrant
• June 2, 2024 (date) — Date of earliest event reported
• June 6, 2024 (date) — Date of report
• Maryland (jurisdiction) — State of incorporation
• 1231 (date) — Fiscal year end

FAQ

Filing Documents

• form8-k.htm (8-K) — 25KB
• exh3-1.htm (EX-3.1) — 153KB
• exh99-1.htm (EX-99.1) — 7KB
• exh99-2.htm (EX-99.2) — 2KB
• image0.jpg (GRAPHIC) — 81KB
• 0000898432-24-000466.txt ( ) — 299KB

03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On June 2, 2024, and effective June 4, 2024, the Board of Directors of Adams Natural Resources Fund, Inc., a Maryland corporation (hereinafter the "Fund"), elected to classify the Board pursuant to provisions of the Maryland General Corporation Law. The Articles Supplementary for the Fund are set out in Exhibit 99.1 and the initial classes of Directors of the Fund are set out in Exhibit 99.2 to this report. Also on June 2, 2024, the Board approved amending the bylaws of the Fund (the "Amended and Restated Bylaws"). The Amended and Restated Bylaws are effective June 2, 2024. A copy of the Amended and Restated Bylaws is included as Exhibit 3.1 to this report and incorporated by reference herein. The following is a summary of certain changes effected by adoption of the Amended and Restated Bylaws, which is qualified in its entirety by reference to the Amended and Restated Bylaws filed as Exhibit 3.1 hereto. The Amended and Restated Bylaws include updates to (1) director nominee qualifications and related disclosure and certification requirements required in shareholder nominee submissions, (2) incorporate clarifying language consistent with Maryland law and existing practices, and (3) make various non-substantive changes. Director Qualifications . The Amended and Restated Bylaws clarify experience and service standards for director nominees, including matters related to conduct and fiduciary responsibilities. The changes also clarify related disclosure and certification requirements in shareholder nominee submissions. Updates Consistent with Maryland Law and Existing Practices . The Amended and Restated Bylaws incorporate language clarifying, among other things, (1) committee operations, (2) the ability to conduct virtual meetings, (3) the treatment of stock certificates, and (4) existing practices such as householding periodic reports.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On June 2, 2024, the Board of Directors (the "Board") of Adams Natural Resources Fund, Inc., a Maryland corporation (the "Fund"), elected to classify the Board, effective June 4, 2024, pursuant to provisions of the Maryland General Corporation Law. The Articles Supplementary for the Fund are set out in Exhibit 99.1 and the initial classes of Directors of the Fund are set out in Exhibit 99.2 to this report. Also on June 2, 2024, the Board approved amending the bylaws of the Fund (the "Amended and Restated Bylaws"). The Amended and Restated Bylaws are effective June 2, 2024. A copy of the Amended and Restated Bylaws is included as Exhibit 3.1 to this report and incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 3.1 Amended and Restated Bylaws of Adams Natural Resources Fund, Inc., effective June 2, 2024 99.1 Articles Supplementary effective June 4, 2024 99.2 Initial Classes of Directors

SIGNATURES

SIGNATURES 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 hereunto duly authorized. ADAMS NATURAL RESOURCES FUND, INC. By: /s/ Janis F. Kerns Name: Janis F. Kerns Title: Vice President, General Counsel and Secretary Date: June 6, 2024

View Full Filing

View this 8-K filing on SEC EDGAR