Posted 18 July, 2023
ETF Managers Group Commodity Trust I appointed Mr. Bromberg as new CEO
NYSE:BDRY appointed new Chief Executive Officer Mr. Bromberg in a 8-K filed on 18 July, 2023.
As of the date of this Current Report on Form 8-K, no new compensatory arrangements have been entered into with respect to Mr. Bromberg's appointment as Interim Chief Executive Officer.
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Overview of ETF Managers Group Commodity Trust I
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective as of July 15, 2023, Samuel R. Masucci, III resigned as the Chief Executive Officer of ETF Managers Capital LLC (the "Sponsor"), Sponsor of the Breakwave Dry Bulk Shipping ETF and the Breakwave Tanker Shipping ETF (collectively, the "Funds"), each a series of the ETF Managers Group Commodity Trust I (the "Registrant"). Mr. Masucci will remain a principal of the Sponsor due to his ownership stake in the Sponsor, but he is no longer a principal due to his position. Effective July 17, 2023, Matthew J. Bromberg has been appointed Interim Chief Executive Officer of the Sponsor. As Chief Executive Officer, Mr. Bromberg has general and active management and control of the business and affairs of the Sponsor, is responsible for directing, administering and coordinating the business operations of the Sponsor, has general supervision over its officers and agents and performs such additional executive, supervisory and management functions and duties as required from time to time. As of the date of this Current Report on Form 8-K, no new compensatory arrangements have been entered into with respect to Mr. Bromberg's appointment as Interim Chief Executive Officer. None of the officers of the Sponsor receive compensation from the Funds. There are no transactions in which Mr. Bromberg has an interest requiring disclosure under Item 404(a) of Regulation S-K. Biographical information for Mr. Bromberg is as follows: Matthew J. Bromberg. Mr. Bromberg has been General Counsel of Exchange Traded Managers Group LLC ("ETFMG"), the parent of the Sponsor, since April 1, 2020, Chief Operating Officer of ETFMG since September 1, 2022, Chief Compliance Officer of the Sponsor since October 26, 2022, and Interim Chief Executive Officer of the Sponsor since July 17, 2023. He was listed as a principal, as that term is defined in CFTC Rule 3.1, of the Sponsor on October 21, 2020. In these roles, Mr. Bromberg has general and active management and control of the business and affairs of the Sponsor, and he has responsibilities for all legal affairs of ETFMG's and the Sponsor's business, as well as implementation of the Sponsor's compliance program. Mr. Bromberg has been General Counsel of ETF Managers Group LLC, an investment adviser affiliate of ETFMG and the Sponsor, since April 1, 2020, and Chief Compliance Officer of ETF Managers Group LLC since October 26, 2022. He was listed as a principal of ETF Managers Group LLC from March 10, 2022 to December 14, 2022. He was a Partner at the law firm Dorsey & Whitney LLP from September 2019 through March 2020, where he counseled clients on investment management and financial services matters. He was also General Counsel of Millington Securities, Inc. and WBI Investments, Inc., registered investment advisers, from February 2016 to September 2019 and a Partner at the law firm Reed Smith LLP from August 2015 through January 2016. 1
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