8-KLeadership Changes

ISHARES GOLD TRUST 8-K Report, Executive Changes (Jul 11, 2019)

Filed July 11, 2019For Securities:IAU

Summary

This 8-K filing for iShares Gold Trust (IAU) primarily details a change in the Sponsor's Board of Directors. BlackRock Asset Management International Inc., the member of the Trust's sponsor, iShares Delaware Trust Sponsor LLC, has appointed Mary Cronin to its Board, effective July 8, 2019. Ms. Cronin also continues in her role as Chief Financial Officer of the Sponsor. This appointment replaces Stephen Messinger, who resigned from the Board on the same date. The filing explicitly states that Mr. Messinger's resignation was not due to any disputes regarding the Trust's operations, policies, or practices.

Key Highlights

  • 1Mary Cronin appointed to the Board of Directors of iShares Delaware Trust Sponsor LLC.
  • 2Ms. Cronin concurrently serves as Chief Financial Officer of the Sponsor.
  • 3The appointment is effective July 8, 2019.
  • 4Ms. Cronin replaces Stephen Messinger, who resigned from the Board.
  • 5Mr. Messinger's resignation was amicable and not related to any disagreements with the Trust.
  • 6Ms. Cronin has a background in financial reporting and auditing, with experience at Dodge & Cox and PricewaterhouseCoopers.
  • 7The filing confirms no change in the Trust's operational status or policies as a result of this board change.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a change in the composition of the Board of Directors of iShares Delaware Trust Sponsor LLC, the sponsor of the iShares Gold Trust (IAU).

Mary Cronin has been appointed to the Board of Directors of the Sponsor, iShares Delaware Trust Sponsor LLC. She also continues in her role as Chief Financial Officer of the Sponsor. Her background includes extensive experience in financial reporting and auditing within the asset management industry.

Stephen Messinger resigned from the Board of Directors of the Sponsor effective July 8, 2019. The filing states that his resignation was not a result of any dispute or disagreement with the Trust on any matter relating to its operations, policies, or practices.

This filing concerns a change within the management of the Trust's sponsor, iShares Delaware Trust Sponsor LLC. There is no indication in this report that this personnel change directly impacts the iShares Gold Trust (IAU) or its investment strategy.