8-KLeadership Changes

ISHARES GOLD TRUST 8-K Report, Executive Changes (Mar 29, 2019)

Filed March 29, 2019For Securities:IAU

Summary

This 8-K filing for iShares Gold Trust (IAU) primarily announces key personnel changes within its sponsor, iShares Delaware Trust Sponsor LLC. Effective April 1, 2019, Stephen Messinger has been appointed as a Director, and Mary Cronin has been appointed as the Chief Financial Officer. Both individuals bring extensive experience in asset management and financial roles, with Mr. Messinger rejoining BlackRock and Ms. Cronin having a background in accounting operations and financial reporting for registered funds. These appointments coincide with the resignation of Jack Gee from both the Director and Chief Financial Officer positions of the Sponsor, effective the same date. The filing explicitly states that Mr. Gee's resignation was not due to any disputes with the Trust regarding its operations, policies, or practices. Investors should note these changes as they represent shifts in the leadership overseeing the Trust's sponsor.

Key Highlights

  • 1Stephen Messinger appointed as a Director of iShares Delaware Trust Sponsor LLC, effective April 1, 2019.
  • 2Mary Cronin appointed as the Chief Financial Officer of iShares Delaware Trust Sponsor LLC, effective April 1, 2019.
  • 3Jack Gee resigned as Director and Chief Financial Officer of the Sponsor, effective April 1, 2019.
  • 4Mr. Messinger has a strong background with BlackRock, Inc., including previous senior roles within the iShares business.
  • 5Ms. Cronin has extensive experience in accounting operations, financial reporting for registered funds, and previously held a senior manager role at PricewaterhouseCoopers.
  • 6The filing confirms that Mr. Gee's resignation was amicable and not related to any disagreements with the Trust.
  • 7These appointments reflect leadership changes within the entity responsible for sponsoring the iShares Gold Trust.

Frequently Asked Questions

Stephen Messinger has been appointed as a Director, and Mary Cronin has been appointed as the Chief Financial Officer of iShares Delaware Trust Sponsor LLC, effective April 1, 2019.

Jack Gee is resigning from his positions as Director and Chief Financial Officer of iShares Delaware Trust Sponsor LLC, also effective April 1, 2019.

No, the filing explicitly states that Mr. Gee's decision to resign was not the result of any dispute or disagreement with the Trust on any matter relating to its operations, policies, or practices.

Stephen Messinger has a significant history with BlackRock, Inc., including senior roles in asset management and the iShares business. Mary Cronin brings experience in accounting operations, financial reporting for registered funds, and prior audit experience with a major accounting firm.