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Teucrium Agricultural Fund appoints CCO Brian MacKenzie (CANE)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

Teucrium Agricultural Fund (a series of Teucrium Commodity Trust) filed a prospectus supplement updating Sponsor personnel. Effective May 8, 2026, Christi Powitzky resigned as Chief Compliance Officer of the Sponsor; effective May 11, 2026, Brian T. MacKenzie was appointed Chief Compliance Officer and AML Compliance Officer. The supplement replaces language about the Sponsor’s reliance on key personnel and adds biographical detail for Mr. MacKenzie, including his over 20 years of compliance experience and that he was listed as a Principal of the Sponsor on May 8, 2026.

Positive

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Insights

Personnel change updates the compliance leadership and Sponsor disclosures.

Brian T. MacKenzie was appointed Chief Compliance Officer and AML Compliance Officer effective May 11, 2026. The supplement updates the Prospectus to identify key Sponsor principals and to reflect Mr. MacKenzie’s professional background and responsibilities.

The filing reiterates that the Sponsor is leanly staffed and names specific principals under CFTC Rule 3.1. Governance and regulatory responsibilities are now formally attributed to Mr. MacKenzie; subsequent filings will report any material changes.

File Number 333-263450 Prospectus registration reference
Resignation effective May 8, 2026 Christi Powitzky resigned as CCO of the Sponsor
Appointment effective May 11, 2026 Brian T. MacKenzie appointed Chief Compliance Officer and AML Compliance Officer
Prospectus supplement date May 12, 2026 Date of this prospectus supplement
Age 46 years Age of Brian T. MacKenzie as stated
Experience over 20 years Mr. MacKenzie’s experience in the investment compliance industry
PINE role start 2022 Mr. MacKenzie served at PINE Adviser Solutions since 2022
Janus Henderson tenure Oct 2018–Jan 2022 Mr. MacKenzie’s role at Janus Henderson Investors
CFTC Rule 3.1 regulatory
"Messrs. Gilbertie and Harris, Van Eck Associates Corporation, Ms. Mullen-Rusin and Mr. MacKenzie are "principals," as that term is defined in CFTC Rule 3.1,"
Chief Compliance Officer financial
"Effective May 11, 2026, Brian T. MacKenzie was appointed as the Chief Compliance Officer of the Sponsor."
The chief compliance officer is the senior executive responsible for making sure a company follows laws, industry rules and its own internal policies, acting like a safety inspector for legal and ethical risks. Investors care because effective compliance reduces the chance of fines, lawsuits, operational disruption and reputational damage, so the officer’s competence and independence can materially affect future profits and risk exposure.
AML Compliance Officer regulatory
"Brian T. MacKenzie has been the Chief Compliance Officer and AML Compliance Officer of the Sponsor since May 11, 2026."
principals regulatory
"These persons are principals due to their positions and/or due to their ownership interests in the Sponsor."
commodity pools financial
"To the extent that the Sponsor establishes additional commodity pools, even greater demands will be placed on these individuals."

Filed Pursuant to Rule 424(b)(3)

File No. 333-263450

 

PROSPECTUS SUPPLEMENT

(To Prospectus dated April 30, 2025, as supplemented)

 

Teucrium Agricultural Fund

 

This supplement is to the prospectus (the “Prospectus”) of Teucrium Commodity Trust (the “Trust”) dated April 30, 2025, which relates to shares (the “Shares”) issued by Teucrium Agricultural Fund (the “Fund”), a series of the Trust. The Shares have previously been registered under the Securities Act of 1933, as amended, on a registration statement bearing File No. 333-263450. Capitalized terms used but not defined herein shall have the meanings assigned to them by the Prospectus. This Prospectus supplement should be read in its entirety and kept together with your Prospectus for future reference.

 

* * * * *

 

Effective May 8, 2026, Christi Powitzky resigned as the Chief Compliance Officer of Teucrium Trading, LLC (the “Sponsor”), Sponsor of the Fund.

 

Effective May 11, 2026, Brian T. MacKenzie was appointed as the Chief Compliance Officer of the Sponsor.

 

Accordingly, the Prospectus is hereby revised as follows:

 

The section of the Prospectus titled The Sponsor is leanly staffed and relies heavily on key personnel to manage trading activities is hereby deleted and replaced with the following:

 

The Sponsor is leanly staffed and relies heavily on key personnel to manage trading activities.

 

In managing and directing the day-to-day activities and affairs of the Fund, the Sponsor relies almost entirely on a small number of individuals, including Mr. Sal Gilbertie, Mr. Springer Harris, Ms. Cory Mullen-Rusin and Mr. Brian T. MacKenzie. If Mr. Gilbertie, Mr. Harris, Ms. Mullen-Rusin or Mr. MacKenzie were to leave or be unable to carry out their present responsibilities, it may have an adverse effect on the management of the Fund. To the extent that the Sponsor establishes additional commodity pools, even greater demands will be placed on these individuals.

 

The fifth paragraph of the section of the Prospectus titled The Offering The Sponsor Management of the Sponsor is hereby deleted and replaced with the following:

 

Brian T. MacKenzie has been the Chief Compliance Officer and AML Compliance Officer of the Sponsor since May 11, 2026. Mr. MacKenzie is responsible for developing, instituting, and monitoring the effectiveness of processes and procedures to comply with all regulatory requirements. He was listed as a Principal of the Sponsor on May 8, 2026. Mr. MacKenzie has over twenty years of experience in the investment compliance industry. He has served as Head of Adviser Compliance Support Services at PINE Adviser Solutions since 2022. In this role, he oversees the management of Investment Adviser Compliance programs and serves as both an Adviser Chief Compliance Officer and Fund Chief Compliance Officer. From October 2018 to January 2022, he was at Janus Henderson Investors, where he most recently served as the Head of Portfolio Surveillance and Reporting. In this role, Mr. MacKenzie managed regulatory filings, client reporting, trade surveillance and led a team that implemented compliance programs for over sixty global product launches, including registered mutual funds, ETFs, and separately managed portfolios. Mr. MacKenzie began his compliance career at Brown Brothers Harriman in Boston, MA, where he was Vice President and Head of Portfolio Compliance. Brian earned his B.A. from the University of Massachusetts, Amherst, and serves on the Advisory Board for the Compliance and Ethics Program in the Master of Science in Legal Studies at the University of Colorado Boulder Law School. He is 46 years old.

 

The sixth paragraph of the section of the Prospectus titled The Offering The Sponsor Management of the Sponsor is hereby deleted and replaced with the following:

 

Messrs. Gilbertie and Harris, Van Eck Associates Corporation, Ms. Mullen-Rusin and Mr. MacKenzie are “principals,” as that term is defined in CFTC Rule 3.1, of the Sponsor and Teucrium Investment Advisors, LLC. These persons are principals due to their positions and/or due to their ownership interests in the Sponsor. GFI Group LLC is a principal under CFTC Rules due to its ownership of certain non-voting securities of the Sponsor and Teucrium Investment Advisors, LLC. NMSIC Classic LLC is a principal under CFTC Rules due to its greater than 10% capital contribution to the Sponsor. The Sponsor is a listed principal of Teucrium Investment Advisors, LLC due to its 100% ownership of the entity.

 

 

 

The date of this prospectus is May 12, 2026

 

FAQ

What change did Teucrium Agricultural Fund (CANE) disclose?

The fund disclosed a change in Sponsor compliance leadership: Christi Powitzky resigned May 8, 2026 and Brian T. MacKenzie became CCO on May 11, 2026. The prospectus supplement updates Sponsor personnel and related risk disclosure.

What are Mr. Brian T. MacKenzie’s qualifications?

Mr. MacKenzie has over 20 years of compliance experience, served at Janus Henderson (Oct 2018–Jan 2022), joined PINE Adviser Solutions in 2022, and was listed as a Principal of the Sponsor on May 8, 2026.

Does this supplement change the Fund’s offering size or proceeds?

No offering size or proceeds information is modified in the prospectus supplement. The filing revises Sponsor personnel disclosures and identifies principals under CFTC Rule 3.1 without amending registered share amounts.

Who are named as key Sponsor principals in the supplement?

Mr. Sal Gilbertie, Mr. Springer Harris, Ms. Cory Mullen-Rusin, and Mr. Brian T. MacKenzie are listed as principals; GFI Group LLC and NMSIC Classic LLC are identified as principals due to ownership interests or capital contribution.

When is the date of this prospectus supplement?

The prospectus supplement is dated May 12, 2026. It updates the Prospectus dated April 30, 2025, as supplemented, to reflect personnel and Sponsor disclosures.