Change - Announcement of Appointment::Change - Announcement of Appointment

Issuer & Securities

Issuer/ Manager
SPDR GOLD SHARES
Securities
SPDR GOLD SHARES - US78463V1070 - O87
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
06-Mar-2019 05:12:30
Status
New
Announcement Sub Title
Change - Announcement of Appointment
Announcement Reference
SG190306OTHR9KQF
Submitted By (Co./ Ind. Name)
Donnelley Financial Solutions
Designation
EDGAR
Effective Date and Time of the event
02/25/2019 12:00:00
Description (Please provide a detailed description of the event in the box below)
Appointment of Carlos Rodriguez as a member of the Board of Directors (a Director) of World Gold Trust Services, LLC (the Sponsor).

Additional Details

Date Of Appointment
02/25/2019
Name Of Person
Carlos Rodriguez
Age
46
Country Of Principal Residence
United States of America
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors is of the opinion that Carlos Rodriguez can contribute positively to the Sponsor after reviewing Carlos Rodriguezs qualifications, experience and suitability.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Director
Professional qualifications
Mr. Rodriguez earned a Bachelor of Science in Finance in 1995 and a Masters in Accounting in 1996 from Tulane University.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None.
Conflict of interests (including any competing business)
None.
Working experience and occupation(s) during the past 10 years
Carlos Rodriguez began his career on Wall Street in the Public Finance Department of Merrill Lynch in 1996, where he focused on interest rate hedging strategies for municipal clients and non-for-profit institutions. After working several years covering banking clients, he shifted his focus to trading, where he rose to manage Merrill Lynchs proprietary municipal investments portfolio. Mr. Rodriguez has since worked at WestLB, where he managed the banks complex guaranteed reinvestment contract business, Deutsche Bank, where we worked to establish the banks public finance efforts, and Credit Suisse, where he led the banks global rates structuring effort in London. Mr. Rodriguez retired from banking in 2016 and runs a private equity fund, Moonsail Capital, that focuses on lower middle market companies. He also devotes his time to personal investing as well as volunteering for local causes and mentoring local entrepreneurs.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1. Moonsail Capital
2. Credit Suisse
Present
Carlos Rodriguez retired from banking in 2016 and runs a private equity fund, Moonsail Capital, that focuses on lower middle market companies.
In addition to serving as a Director of the Sponsor and a member of the Sponsors Audit Committee, he will also serve as a Director and member of the Audit Committee of WGC USA Asset Management Company, LLC, an affiliate of the Sponsor.
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
SPDR Gold Trust (R) is a listed ETF, but the Sponsor is not a listed company.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Please see Carlos Rodriguezs previously listed qualifications to serve as a Director of the Sponsor

Attachments

GLD 8-K.pdf
Total size =40K