Powershares DB Oil Fund - Current report filing (8-K)
23 Junho 2008 - 6:23PM
Edgar (US Regulatory)
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: June 20, 2008
POWERSHARES DB
MULTI-SECTOR COMMODITY TRUST
(Registrant)
POWERSHARES DB ENERGY FUND; POWERSHARES DB OIL FUND; POWERSHARES DB
PRECIOUS METALS FUND;
POWERSHARES DB GOLD FUND; POWERSHARES DB SILVER FUND;
POWERSHARES DB BASE METALS FUND; POWERSHARES DB AGRICULTURE FUND
DB MULTI-SECTOR COMMODITY MASTER TRUST
DB ENERGY MASTER FUND; DB OIL MASTER FUND; DB PRECIOUS METALS MASTER FUND; DB
GOLD MASTER FUND; DB
SILVER MASTER FUND; DB BASE METALS MASTER FUND; DB
AGRICULTURE MASTER FUND
(Rule 140 Co-Registrants)
(Exact Name of each
Registrant as Specified in its Charter)
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PowerShares DB Multi-Sector Commodity Trust– Delaware
DB Multi-Sector Commodity Master Trust – Delaware
(State or Other Jurisdiction
of Incorporation or Organization)
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87-0778053
87-0778057
(IRS Employer ID Number(s))
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c/o DB Commodity Services LLC
60 Wall Street
New York, New York
(Address of Principal Executive Offices)
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10005
(Zip Code)
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001-33229; 001-33240; 001-33242; 001-33244; 001-33231; 001-33234; 001-33236; 001-33238;
001-33232; 001-33239; 001-33241; 001-33243; 001-33230; 001-33233; 001-33235; and 001-33237
(Commission File Number(s))
(212) 250-5883
(Registrant’s telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Officers
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Effective as of June 20, 2008, Gregory Collett resigned as a member of
the Board of Managers and as Chief Operating Officer of DB Commodity Services LLC, the managing owner (the “Managing Owner”) of each of PowerShares DB Multi-Sector Commodity Trust, PowerShares DB Energy Fund, PowerShares DB Oil Fund,
PowerShares DB Precious Metals Fund, PowerShares DB Gold Fund, PowerShares DB Silver Fund, PowerShares DB Base Metals Fund, PowerShares DB Agriculture Fund, DB Multi-Sector Commodity Master Trust, DB Energy Master Fund, DB Oil Master Fund, DB
Precious Metals Master Fund, DB Gold Master Fund, DB Silver Master Fund, DB Base Metals Master Fund and DB Agriculture Master Fund.
Effective as of June 21, 2008, (i) Hans Ephraimson has been appointed as a member of the Board of Managers of the Managing Owner to fill the vacancy created by the resignation of Gregory Collett from said office, and
(ii) Martin Kremenstein, Vice President of the Managing Owner, has been appointed as Chief Operating Officer and Chief Investment Officer of the Managing Owner.
Biographies for Messrs. Ephraimson and Kremenstein are set forth below:
Hans Ephraimson
joined Deutsche Bank AG in June 1986 and is a Managing Director in the North American Structured Sales and
Global Markets Investment Products Group. Mr. Ephraimson has also been a Desk Head for foreign exchange in Deutsche Bank AG’s Institutional Clients Group for North America since January 1999. Mr. Ephraimson serves as a member of the
Board of Managers of the Managing Owner. Mr. Ephraimson will serve as a principal of the Managing Owner, pending approval by the National Futures Association. Mr. Ephraimson received his Bachelors of Science from Syracuse University in
1986 and an MBA from Columbia University in 1995.
Martin Kremenstein
joined Deutsche Bank AG in August 2006,
and serves as a Vice President in the Global Markets Investment Products Group with responsibility for providing currency and commodity-based investor solutions to the DB sales force in the Americas. Mr. Kremenstein serves as the Chief
Operating Officer, Chief Investment Officer and Vice President of the Managing Owner. Prior to joining Deutsche Bank, Mr. Kremenstein worked for JPMorgan Chase from September 1998 to August 2006, initially in London and then, from June 2003, in
New York. From February 2005 to August 2006, Mr. Kremenstein worked in Market Risk Management, covering the Credit Portfolio division initially as an Associate, and later as a Vice President. From September 1998 to February 2005,
Mr. Kremenstein worked in various roles in Operations at JPMorgan Chase, including managing the Credit Portfolio Credit Hedge Analysis team, managing projects for the Credit Portfolio Market Hedge team, and managing P&L production for the
Counterparty Risk Book (London). Mr. Kremenstein received his B.A. from the University of Leeds in 1998. Mr. Kremenstein is a principal and an associated person of the Managing Owner.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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PowerShares DB Energy Fund, a series of
PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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PowerShares DB Oil Fund, a series of
PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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PowerShares DB Precious Metals Fund, a series of
PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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PowerShares DB Gold Fund, a series of
PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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PowerShares DB Silver Fund, a series of
PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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PowerShares DB Base Metals Fund, a series of
PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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PowerShares DB Agriculture Fund, a series of
PowerShares DB Multi-Sector Commodity Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Energy Master Fund, a series of
DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Oil Master Fund, a series of
DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Precious Metals Master Fund, a series of
DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Gold Master Fund, a series of
DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Silver Master Fund, a series of
DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Base Metals Master Fund, a series of
DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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DB Agriculture Master Fund, a series of
DB Multi-Sector Commodity Master Trust
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By:
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DB Commodity Services LLC,
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its Managing Owner
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By:
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/s/ Kevin Rich
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Name:
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Kevin Rich
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Title:
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Director and Chief Executive Officer
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By:
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/s/ Martin Kremenstein
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Name:
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Martin Kremenstein
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Title:
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Vice President
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Date: June 23, 2008
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