UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 27, 2018
INVESCO DB MULTI-SECTOR COMMODITY TRUST
(Registrant)
INVESCO DB ENERGY FUND; INVESCO DB OIL FUND; INVESCO DB PRECIOUS METALS FUND; INVESCO DB GOLD FUND; INVESCO DB SILVER FUND; INVESCO DB BASE METALS FUND; INVESCO DB AGRICULTURE FUND
(Co-Registrants)
(Exact name of registrant as specified in its charter)
| Delaware | 87-0778053 (Trust) | |
| (State or other jurisdiction of incorporation) |
(I.R.S. Employer Identification No.) |
| c/o Invesco Capital Management LLC 3500 Lacey Road, Suite 700 Downers Grove, Illinois |
60515 | |
| (Address of principal executive offices) | (Zip Code) |
001-33229; 001-33240; 001-33242; 001-33244; 001-33231; 001-33234; 001-33236; and 001-33238
(Commission
File Numbers)
(800) 983-0903
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| ☐ | Emerging growth company |
| ☐ | If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c)
On August 27, 2018, the Board of Managers of Invesco Capital Management LLC appointed Ms. Kelli Gallegos to serve as Principal Financial and Accounting Officer of Invesco DB Multi-Sector Commodity Trust (the “Trust”) and each of Invesco DB Energy Fund, Invesco DB Oil Fund, Invesco DB Precious Metals Fund, Invesco DB Gold Fund, Invesco DB Base Metals Fund, Invesco DB Agriculture Fund and Invesco DB Silver Fund (each, a “Fund” and collectively, the “Funds”), effective after the close of business on September 4, 2018 (the “Effective Date”). Ms. Gallegos will replace Mr. Steven M. Hill, who, as previously disclosed, will no longer serve as Principal Financial and Accounting Officer of the Trust and the respective Funds as of the Effective Date.
Kelli Gallegos (48) has been Principal Financial and Accounting Officer – Investment Pools for the Managing Owner since September 2018. Additionally, since September 2018, Ms. Gallegos has been Principal Financial and Accounting Officer – Investment Pools of Invesco Specialized Products, LLC (sponsor to a suite of currency exchange-traded funds, “ISP”), Head of North America Fund Reporting of Invesco, Ltd. (“Invesco”, a global investment management company), and Vice President and Treasurer of Invesco Exchange Traded Fund Trust, Invesco Exchange-Traded Fund Trust II, Invesco India Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Fund Trust, Invesco Actively Managed Exchange-Traded Commodity Fund Trust, and Invesco Exchange-Traded Self-Indexed Fund Trusts (each a registered investment company offering series of exchange-traded funds, the “Invesco ETFs”). She has also served as Vice President (since March 2016), Principal Financial Officer (since March 2016) and Assistant Treasurer (since December 2008) for a suite of mutual funds advised by Invesco Advisers, Inc., a registered investment adviser (the “Invesco Funds”). In her roles with the Managing Owner, ISP, Invesco, the Invesco ETFs and the Invesco Funds, Ms. Gallegos has financial and administrative oversight responsibilities for, and serves as Principal Financial Officer of the Invesco ETFs, the Trust, the Funds and the exchange-traded funds for which ISP serves as sponsor (the “CurrencyShares Trusts”). Previously, she was Director of Fund Financial Services from December 2008 to September 2018, Assistant Treasurer for the Managing Owner from January 2013 to September 2018, Assistant Treasurer of ISP from April 2018 to September 2018, Assistant Treasurer for the Invesco ETFs from September 2014 to September 2018 and Assistant Vice President for the Invesco Funds from December 2008 to March 2016. In such roles, Ms. Gallegos managed the group of personnel responsible for the preparation of fund financial statements and other information necessary for shareholder reports, fund prospectuses, regulatory filings, and for the coordination and oversight of third-party service providers of the Funds, the Invesco ETFs, the Invesco Funds, and the CurrencyShares Trusts. Ms. Gallegos earned a BBA in accounting from Harding University in Searcy, AR.
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.
| Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||
| Invesco DB Energy Fund, a series of Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||
| Invesco DB Oil Fund, a series of Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||
| Invesco DB Precious Metals Fund, a series of Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||
| Invesco DB Gold Fund, a series of Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||
| Invesco DB Silver Fund, a series of Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||
| Invesco DB Base Metals Fund, a series of Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||
| Invesco DB Agriculture Fund, a series of Invesco DB Multi-Sector Commodity Trust | ||||
| By: | Invesco Capital Management LLC, its Managing Owner | |||
| By: | /s/ Daniel Draper | |||
| Name: Daniel Draper | ||||
| Date: August 28, 2018 | ||||
| Title: Principal Executive Officer | ||||