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): October 10, 2018
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Teucrium
Commodity Trust
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(Exact name of registrant as
specified in its charter)
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Delaware
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001-34765
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61-1604355
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(State or other jurisdictionof
incorporation)
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(Commission File
Number)
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(I.R.S. EmployerIdentification
No.)
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c/o Teucrium
Trading, LLC
115 Christina
Landing Drive
Unit
2004
Wilmington, DE
19801
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(Address of principal executive
offices) (Zip Code)
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Registrant’s telephone
number, including area code: (302)
543-5977
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N/A
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(Former name or former address, if
changed since last report)
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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-4c))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On October 10, 2018, Steve Kahler
was appointed as the Chief Operating Officer of Teucrium Trading,
LLC (“Teucrium” or the “Sponsor”), sponsor
of the Teucrium Corn Fund (“CORN”), the Teucrium Sugar
Fund (“CANE”), the Teucrium Soybean Fund
(“SOYB”), the Teucrium Wheat Fund (“WEAT”),
and the Teucrium Agricultural Fund (“TAGS”)
(collectively, the “Funds”), each a series of the
Teucrium Commodity Trust (the
“Registrant”).
As Chief Operating Officer, Mr.
Kahler will be primarily responsible for the trade operations,
trade execution, and portfolio activities (“Trade
Operations”) with respect to the Funds.
With respect to Mr. Kahler’s
appointment as Chief Operating Officer of Teucrium, he will be paid
an annual salary. Such compensation has been and will be allocated
among the Funds based on size, volume and complexity thereof and
the actual amounts allocated to each Fund may vary over time, as
the relative size, volume and complexity of the Funds
varies.
There are no family relationships
between Mr. Kahler and any of the Teucrium’s members or
executive officers or any person nominated or chosen to become an
executive officer, and there are no transactions in which Mr.
Kahler has an interest requiring disclosure under Item 404(a) of
Regulation S-K.
Biographical information for Mr.
Kahler is as follows:
Steve Kahler, Chief Operating
Officer, began working for the Sponsor in November 2011 as Managing
Director of Trade Operations. He worked for the Sponsor from
November 2011 through September 6, 2018 as Managing Director of
Trade Operations and as Chief Operating Officer from May 24, 2012
through September 6, 2018. Mr. Kahler resigned as Chief Operating
Officer of the Sponsor effective September 6, 2018. He was
reappointed as Chief Operating Officer by majority vote of the
Class A Members on October 10, 2018 and will continue to have
primary responsibility for the Trade Operations for the Funds. Mr.
Kahler is primarily responsible for making trading and investment
decisions for the Funds, and for directing the Funds’ trades
for execution. He maintains his main business office at 13520
Excelsior Blvd., Minnetonka, MN 55345. Mr. Kahler was a registered
representative of Foreside Fund Services, LLC (the
“Distributor”) under the terms of the Securities
Activities and Services Agreement (“SASA”) between the
Sponsor and the Distributor from January 18, 2012 to September 14,
2018. Additional information regarding the SASA can be found in the
section of each Fund's prospectus entitled “Plan of
Distribution.” Mr. Kahler previously worked for Cargill Inc.,
an international producer and marketer of food, agricultural,
financial and industrial products and services, from April 2006
until November 2011 in the Energy Division as Senior Petroleum
Trader. In October 2006, and while employed at Cargill Inc., Mr.
Kahler was approved as an Associated Person of Cargill Commodity
Services Inc., a commodity trading affiliate of Cargill Inc., from
September 13, 2006 to November 9, 2011. Mr. Kahler graduated from
the University of Minnesota with a Bachelors of Agricultural
Business Administration in 1992 and is 51 years
old.
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1
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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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Teucrium Commodity
Trust
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By:
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Teucrium Trading, LLC, its
sponsor
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Date: October 12,
2018
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By:
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/s/ Sal
Gilbertie
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Name: Sal
Gilbertie
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Title: Chief Executive
Officer
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