World Gold Trust 8-K

What Happened
World Gold Trust (the Trust; GLDM) filed an 8-K reporting that, effective February 9, 2026, Joseph R. Cavatoni stepped down as the Principal Executive Officer of WGC USA Asset Management Company, LLC (the Sponsor) to expand his role at the World Gold Council as Senior Market Strategist and Head of Public Policy, Americas. The Sponsor appointed Jonathan D. Spiegel, age 44, as its new Principal Executive Officer effective immediately. Mr. Spiegel joined the World Gold Council on January 13, 2026 as Chief Executive Officer of the Funds.

Key Details

• Effective date of change: February 9, 2026.
• Reason given: Mr. Cavatoni is expanding his role at the World Gold Council; the filing states his departure was not due to any disagreement with the Trust’s operations, policies or practices.
• New PEO background: Jonathan D. Spiegel previously served as Director and Head of ETF Product Development at New York Life Investment Management (Oct 2021–Dec 2025), was at Goldman Sachs Asset Management (Global Funds Group, VP, June 2010–Aug 2016), and Morgan Stanley Investment Management (Associate, 2007–June 2010). He holds a BA from Penn State and an MBA from Fordham University (Gabelli School).

Why It Matters
This 8-K notifies investors of a leadership change at the Sponsor that oversees GLDM and its series (SPDR® Gold MiniShares® Trust). The filing confirms an orderly transition with no reported disagreements and provides the successor’s relevant ETF and product-development experience. Investors should note the immediate leadership change and may watch for any future announcements about Trustee, Sponsor or operational impacts—none are disclosed in this filing.