GLD 8-K — Smart Summary
69% reductionEffective February 9, 2026, Joseph R. Cavatoni stepped down as Principal Executive Officer of World Gold Trust Services, LLC (Sponsor of SPDR® Gold Trust) to expand his role at the World Gold Council, and Jonathan D. Spiegel was appointed as the Sponsor's new Principal Executive Officer on the same date.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Appointments
- Principal Executive Officer Jonathan D. Spiegel — appointed as Sponsor's new Principal Executive Officer of World Gold Trust Services, LLC, effective February 9, 2026, with immediate effect; age 44; joined WGC on January 13, 2026 as Chief Executive Officer of the Funds; previously Director and Head of ETF Product Development at New York Life Investment Management (October 2021–December 2025), Director of Product Development at New York Life Investment Management (August 2016–October 2021), Vice President within the Global Funds Group at Goldman Sachs Asset Management (June 2010–August 2016), and Associate with Morgan Stanley Investment Management (2007–June 2010); holds a Bachelor's degree from The Pennsylvania State University and a Master of Business Administration from the Gabelli School of Business at Fordham University
Departures
- Principal Executive Officer Joseph R. Cavatoni — stepping down effective February 9, 2026, to expand his role at the World Gold Council as Senior Market Strategist and Head of Public Policy, Americas; departure does not arise from any disagreement on any matter relating to the operations, policies or practices of the Trust
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