UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): April 1,
2010
UNITED
STATES 12 MONTH OIL FUND, LP
(Exact
name of registrant as specified in its charter)
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Delaware
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001-33859
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20-0431897
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(State
or other jurisdiction
of
incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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1320
Harbor Bay Parkway, Suite 145
Alameda,
California 94502
(Address
of principal executive offices) (Zip Code)
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Registrant's
telephone
number, including area code
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(510)
522-9600
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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 (see General Instruction
A.2. below):
¨ Written
communication 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))
Item
8.01. Other Events.
Attached
as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by
reference is the Director Deferred Compensation Agreement effective as of April
1, 2010 (each a “Director Agreement”) for the three independent directors (Peter
M. Robinson, Gordon L. Ellis, and Malcolm R. Fobes III) of the United States
Commodity Funds LLC (the “General Partner”) who meet the independent director
requirements established by the NYSE Arca Equities Rules and the Sarbanes-Oxley
Act of 2002 and are also the members of the audit committee of the General
Partner.
Each of
the three independent directors is entering into a Director Agreement with the
General Partner and each of the commodity pools for which the General Partner
acts as the general partner (together, the “Funds”) including, among others, the
United States Oil Fund, LP, the United States Natural Gas Fund, LP, the United
States 12 Month Oil Fund, LP, the United States Gasoline Fund, LP, the United
States Heating Oil Fund, LP, the United States Short Oil Fund, LP and the United
States 12 Month Natural Gas Fund, LP. Each of the three independent
directors may receive certain deferred compensation payments from the Funds as
described in the Director Agreement and such deferred compensation would be in
addition to the payment of director fees and expenses that are made to the
independent directors by the Funds based on the relative assets of each Fund
computed on a daily basis. The Director Agreements are being entered
into with the independent directors to provide sufficient incentive to each
independent director to continue his service to the General Partner and the
Funds.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
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Exhibit 99.1
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Form
of United States Commodity Funds LLC Director Deferred Compensation
Agreement.
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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.
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UNITED
STATES 12 MONTH OIL FUND, LP
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By:
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United
States Commodity Funds LLC, its general partner
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Date: April
1, 2010
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By:
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/s/ Howard Mah
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Name:
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Howard
Mah
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Title:
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Chief
Financial Officer
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