New ASA Gold (NYSE: ASA) president and interim internal management structure

Rhea-AI Filing Summary

ASA Gold and Precious Metals Limited has appointed Paul Kazarian as President and Principal Executive Officer. Former officers Axel Merk and Peter Maletis no longer serve as officers of the company.

While a Special Committee evaluates potential external management arrangements, the company will be managed internally on an interim basis by a Board-level Investment Committee that oversees the investment portfolio. During this Interim Period, ASA has retained Saba Capital Management, L.P. to provide administrative, compliance and trade execution support, with Saba reimbursed only for out-of-pocket costs and not entitled to compensation. The disclosure includes customary forward-looking statement cautions.

Insights

Closed-end fund governance analyst

ASA shifts leadership and adopts an interim internal management structure while it evaluates external managers.

ASA Gold and Precious Metals Limited has named Paul Kazarian as President and Principal Executive Officer, replacing prior officers. Leadership changes at a closed-end fund can influence strategic direction, including portfolio management style and future advisory relationships.

The Board has created an Investment Committee to run the portfolio during an Interim Period while a Special Committee reviews external management options. Saba Capital Management, L.P. will support administration, compliance and trade execution, reimbursed for out-of-pocket costs but without separate compensation, which helps limit added expenses.

Future updates from the Board on the outcome of the Special Committee’s review will clarify whether ASA adopts an external manager or continues some form of internal oversight, a key factor for how the fund is operated over time.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Form type: Form 8-K New executive role: President and Principal Executive Officer Support arrangement: Saba reimbursed out-of-pocket costs only

3 metrics

Form type Form 8-K Regulation FD Item 7.01 disclosure

New executive role President and Principal Executive Officer Position assumed by Paul Kazarian

Support arrangement Saba reimbursed out-of-pocket costs only No compensation for services during Interim Period

Key Terms

registered closed-end management investment company, Regulation FD Disclosure, Investment Committee, forward-looking statements, +1 more

5 terms

registered closed-end management investment company financial

"ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Company”), a registered closed-end management investment company listed on the New York Stock Exchange"

Regulation FD Disclosure regulatory

"Item 7.01 Regulation FD Disclosure ASA Gold and Precious Metals Limited Announces the Appointment"

Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.

Investment Committee financial

"the Board has established an investment committee (the “Investment Committee”) comprised of the following Board Members"

An investment committee is a small group of experienced people who set the rules and make the key decisions about what investments to buy, hold, or sell for a fund, pension, or portfolio. Think of them as the steering team that balances goals, potential returns and risk—their choices shape how much money investors are likely to gain or lose and provide consistent oversight so decisions aren’t made impulsively.

forward-looking statements regulatory

"Forward-Looking Statements. The foregoing disclosure contains forward-looking statements subject to the inherent uncertainties"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

external management arrangements financial

"evaluating the potential external management arrangements for the Company, the Company will be managed internally in the interim"

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Available on EDGAR 06/25/2026 - 05:03 PM Accepted by SEC EDGAR 06/25/2026 - 05:02 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

June 24, 2026

Date of Report

(Date of earliest event reported)

ASA Gold and Precious Metals Limited

(Exact name of registrant as specified in its charter)

Bermuda		811-21650		98-6000252
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

Three Canal Plaza		Portland		Maine		04101
(Street Address)		(City)		(State)		(Zip Code)

Registrant’s telephone number, including area code: (207) 347-2000

Not Applicable

(Former name or former address, if changed since last report.)

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:

	[  ]	Written communications 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-4(c))

Title of each class:		Trading symbol(s)		Name of exchange on which registered
Common Shares, par value $1.00 per share		ASA		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company [  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

Item 7.01 Regulation FD Disclosure

ASA Gold and Precious Metals Limited Announces the Appointment of Paul Kazarian as President and Principal Executive Officer; and the Establishment of an Investment Committee to Manage the Company’s Portfolio Internally on an Interim Basis.

ASA Gold and Precious Metals Limited (NYSE: ASA) (the “Company”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that Paul Kazarian has been appointed President and Principal Executive Officer (“PEO”) of the Company. Axel Merk and Peter Maletis no longer serve as officers of the Company.

The Company also announced that, as the Special Committee of the Board of Directors continues its work evaluating the potential external management arrangements for the Company, the Company will be managed internally in the interim. In that connection, the Board has established an investment committee (the “Investment Committee”) comprised of the following Board Members:

• Paul Kazarian, Chair of the Investment Committee

• Ketu Desai, Member of the Investment Committee

• Neal Neilinger, Member of the Investment Committee

Subject to the oversight and discretion of the Board, the Investment Committee is responsible for managing and overseeing the Company’s investment portfolio until such time that an external investment manager is retained by the Company (the “Interim Period”).

The Board has also approved the Company’s retention of Saba Capital Management, L.P. (“Saba”) to provide certain administrative, compliance and trade execution support services during this Interim Period. Saba is not entitled to compensation for such services, but will be reimbursed for its out of pocket costs in providing such services.

The Board will provide further updates regarding the Special Committee’s work in evaluating potential external management arrangements as appropriate.

About ASA Gold and Precious Metals Limited. ASA Gold and Precious Metals Limited is a publicly-traded registered closed-end management investment company. The Company’s common shares trade on the New York Stock Exchange under the ticker symbol “ASA”.

Forward-Looking Statements. The foregoing disclosure contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements, including whether there will, in fact, be changes to management of the Company. These factors are identified from time to time in the Company’s filings with the Securities and Exchange Commission as well as the materials on the Company’s website. The Company undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.  

The information contained in this Item 7.01 is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that Section or Sections 11 and 12(a)(2) of the Securities Act. The information contained in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing.

1

SIGNATURE

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 thereunto duly authorized.

	ASA GOLD AND PRECIOUS METALS, LTD.
Date: June 25, 2026		/s/ James Chekos
	Name:	James Chekos
	Title:	Corporate Secretary

2

FAQ

What leadership change did ASA (ASA) announce in this 8-K filing?

ASA Gold and Precious Metals Limited appointed Paul Kazarian as President and Principal Executive Officer. The filing also states that Axel Merk and Peter Maletis no longer serve as officers, marking a significant change in the company’s senior leadership structure.

How will ASA (ASA) manage its investment portfolio during the Interim Period?

ASA will manage its portfolio internally through a Board-level Investment Committee. Subject to Board oversight and discretion, this committee is responsible for managing and overseeing the company’s investment portfolio until an external investment manager is retained by the company.

What is the role of Saba Capital Management, L.P. for ASA (ASA)?

ASA’s Board approved retaining Saba Capital Management, L.P. to provide administrative, compliance and trade execution support during the Interim Period. Saba is not entitled to compensation for these services but will be reimbursed for its out-of-pocket costs incurred in providing such support.

What is ASA (ASA)’s Special Committee currently evaluating?

A Special Committee of ASA’s Board is evaluating potential external management arrangements for the company. While this review continues, ASA will be managed internally on an interim basis, and the Board has indicated it will provide further updates on the committee’s work as appropriate.

Does the ASA (ASA) disclosure include forward-looking statements?

Yes. The disclosure contains forward-looking statements about future results and potential changes to company management. It notes such statements involve risks and uncertainties, and directs readers to ASA’s SEC filings and website materials for factors that could cause actual results to differ materially.

Are the Item 7.01 details in ASA (ASA)’s 8-K considered filed with the SEC?

No. The information in Item 7.01 is being “furnished”, not “filed,” under the Exchange Act. It is not subject to Section 18 liability and is not incorporated into Securities Act or Exchange Act filings unless specifically stated otherwise in another document.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 34.1 KB
• EX-101 XBRL PRESENTATION FILE 22.2 KB