8-KLeadership Changes

SPDR GOLD TRUST 8-K Report, Executive Changes (Mar 11, 2015)

Filed March 11, 2015For Securities:GLD

Summary

SPDR Gold Trust (GLD) filed an 8-K report on March 11, 2015, primarily announcing a change in its Chief Financial Officer and Treasurer. Adrian Pound resigned from his role at World Gold Trust Services, LLC (WGTS), the sponsor of GLD, effective March 10, 2015. The filing explicitly states that Mr. Pound's resignation was not due to any disagreements regarding the operations, policies, or practices of the SPDR Gold Trust. Concurrently, WGTS appointed Samantha McDonald as the new Chief Financial Officer, also effective March 10, 2015. Ms. McDonald brings a background in finance and accounting from various firms, including WGC USA, Inc. (an affiliate), Roubini Global Economics, GTIS Partners, and Software Technology, Inc. Her appointment suggests a continuation of experienced financial leadership for the trust's sponsor.

Key Highlights

  • 1Resignation of Adrian Pound as CFO and Treasurer of World Gold Trust Services, LLC (WGTS), the sponsor of GLD.
  • 2Resignation was not due to any disagreements related to GLD's operations, policies, or practices.
  • 3Appointment of Samantha McDonald as the new CFO of WGTS, effective March 10, 2015.
  • 4Ms. McDonald has a background in finance and accounting from previous roles at WGC USA, Inc., Roubini Global Economics, GTIS Partners, and Software Technology, Inc.
  • 5Ms. McDonald is a Certified Public Accountant with degrees in Accounting from Auburn University and the University of South Alabama.
  • 6The filing indicates a smooth transition in financial leadership for the trust's sponsor.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce a change in the Chief Financial Officer and Treasurer of World Gold Trust Services, LLC (WGTS), the sponsor of the SPDR Gold Trust (GLD). It details the resignation of Adrian Pound and the appointment of Samantha McDonald.

No, the filing explicitly states that Adrian Pound's resignation did not arise from any disagreement on any matter relating to the operations, policies, or practices of the SPDR Gold Trust.

The new CFO of WGTS is Samantha McDonald. She has relevant experience in finance and accounting, having previously worked at WGC USA, Inc., Roubini Global Economics, GTIS Partners, and Software Technology, Inc. She is also a Certified Public Accountant.

This filing only concerns the administrative leadership of the trust's sponsor. It does not indicate any changes to GLD's investment objective, strategy, or the underlying holdings of gold.