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Invesco DB Base Metals Fund (DBB) adds Matthew Casaccia to managing owner board

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Form Type
8-K

Rhea-AI Filing Summary

Invesco DB Multi-Sector Commodity Trust and its series funds (including Invesco DB Base Metals Fund, ticker DBB) report a governance change at their managing owner, Invesco Capital Management LLC. On July 31, 2026, the Board of Managers appointed Matthew Casaccia to the Board of Managers, effective as of the close of business on August 3, 2026. He will also serve on the Board’s Audit Committee and will replace Jordan Krugman, who previously gave notice of his resignation effective the same date.

The disclosure states there are no arrangements or understandings with other persons regarding Mr. Casaccia’s appointment and no transactions with the Trust or Funds requiring related-party disclosure. Mr. Casaccia, age 43, is Senior Director of Financial Planning and Analysis for Investments and Global Product at Invesco Ltd and has spent 17 years with Invesco in various finance and distribution roles. His application as a principal of the Managing Owner is being prepared for submission.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Effective date of appointment August 3, 2026 Date when Matthew Casaccia’s service on the Board of Managers becomes effective
Appointment decision date July 31, 2026 Date on which the Board of Managers appointed Matthew Casaccia
Age of Matthew Casaccia 43 Age of the new Board of Managers member as disclosed
Tenure with Invesco Ltd 17 years Period Mr. Casaccia has spent with Invesco Ltd in various roles
Phone number (800) 983-0903 Registrant’s telephone number for Invesco DB Multi-Sector Commodity Trust
Zip code of principal offices 60515 Zip code for 3500 Lacey Road, Suite 700, Downers Grove, Illinois
Managing Owner financial
"Invesco Capital Management LLC (the “Managing Owner”), the managing owner of the Invesco DB Multi-Sector Commodity Trust"
Board of Managers financial
"appointed Mr. Matthew Casaccia to serve on the Board of Managers of the Managing Owner"
Audit Committee financial
"Mr. Casaccia will also serve as a member of the Audit Committee of the Board of Managers"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Item 404(a) of Regulation S-K regulatory
"no transactions or proposed transactions ... that would be required to be reported under Item 404(a) of Regulation S-K"
principal of the Managing Owner financial
"Mr. Casaccia’s application as a principal of the Managing Owner is being prepared for submission"

FAQ

What board change did Invesco DB Base Metals Fund (DBB) disclose?

The managing owner appointed Matthew Casaccia to the Board of Managers and its Audit Committee, effective August 3, 2026, replacing Jordan Krugman, who had previously given notice of his resignation effective that date.

What is Matthew Casaccia’s current role within the Invesco organization?

As of the disclosure, Matthew Casaccia is Senior Director of Financial Planning and Analysis for Investments and Global Product at Invesco Ltd, providing management support, strategic initiatives, and overseeing the financial framework for these business units.

Which exchange lists the common units of DBB and the other Invesco DB commodity funds?

The common units of beneficial interest of the Funds, including DBB, are listed on NYSE Arca, Inc. Each fund, such as DBE, DBO, DBP, DBB, and DBA, trades its common units on this same exchange.

What is the relationship between Invesco Capital Management LLC and the Invesco DB commodity funds?

Invesco Capital Management LLC acts as the Managing Owner of Invesco DB Multi-Sector Commodity Trust and each underlying series fund, including DBB, overseeing management through its Board of Managers, which now includes Matthew Casaccia.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
false000136730600-0000000IL 0001367306 2026-07-31 2026-07-31 0001367306 dbo:InvescoDbEnergyFundMember 2026-07-31 2026-07-31 0001367306 dbo:InvescoDbOilFundMember 2026-07-31 2026-07-31 0001367306 dbo:InvescoDbPreciousMetalsFundMember 2026-07-31 2026-07-31 0001367306 dbo:InvescoDbBaseMetalsFundMember 2026-07-31 2026-07-31 0001367306 dbo:InvescoDbAgricultureFundMember 2026-07-31 2026-07-31
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 31, 2026
 
 
INVESCO DB MULTI-SECTOR COMMODITY TRUST
(Registrant)
INVESCO DB ENERGY FUND
;
INVESCO DB OIL
FUND
; INVESCO DB PRECIOUS METALS FUND;
INVESCO DB BASE METALS FUND
;
INVESCO DB AGRICULTURE FUND
(Co-Registrants)
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
 
001-33229
;
001-33240
;
001-33242
;
001-33244
;
001-33236
;
and
001-33238
 
87-0778060
(Invesco
DB
Energy Fund)
87-0778062
(Invesco DB Oil Fund)
87-0778065
 (Invesco DB Precious Metals Fund)
87-077807
5
(Invesco DB Base Metals Fund)
87-0778078
(Invesco DB Agriculture Fund)
(State or other jurisdiction
of incorporation)
 
(Commission
File Numbers)
 
(I.R.S. Employer
Identification Nos.)
 
c/o Invesco Capital Management LLC
3500 Lacey Road
,
Suite 700
Downers Grove
,
Illinois
 
60515
(Address of principal executive offices)
 
(Zip Code)
(
800
)
983-0903
(Registrant’s telephone number, including area code)
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))
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Common Units of Beneficial Interest
 
DBE
 
NYSE Arca, Inc
Common Units of Beneficial Interest
 
DBO
 
NYSE Arca, Inc
Common Units of Beneficial Interest
 
DBP
 
NYSE Arca, Inc
Common Units of Beneficial Interest
 
DBB
 
NYSE Arca, Inc
Common Units of Beneficial Interest
 
DBA
 
NYSE Arca, Inc
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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
On July 31, 2026, the Board of Managers of Invesco Capital Management LLC (the “Managing Owner”), the managing owner of the Invesco DB Multi-Sector Commodity Trust and each of its underlying series, Invesco DB Energy Fund, Invesco DB Oil Fund, Invesco DB Precious Metals Fund, Invesco DB Base Metals Fund and Invesco DB Agriculture Fund (collectively, the “Funds”), appointed Mr. Matthew Casaccia to serve on the Board of Managers of the Managing Owner, effective as of the close of business on August 3, 2026 (the “Effective Date”). Mr. Casaccia will also serve as a member of the Audit Committee of the Board of Managers. Mr. Casaccia will replace Mr. Jordan Krugman, who, as previously disclosed, gave notice of his resignation from the Board of Managers of the Managing Owner as of the Effective Date.
There are no arrangements or understandings between Mr. Casaccia and any other person pursuant to which Mr. Casaccia was appointed to serve on the Board of Managers of the Managing Owner. There are no transactions or proposed transactions between Mr. Casaccia and the Invesco DB Multi-Sector Commodity Trust or the Funds, that would be required to be reported under Item 404(a) of Regulation
S-K.
Matthew Casaccia
(43) is Senior Director of Financial Planning and Analysis for Investments (since December 2023) and Global Product (since March 2025) with Invesco Ltd, a global investment management company affiliated with the Managing Owner. In this capacity, Mr. Casaccia is responsible for general management support, in addition to executing on various strategic initiatives and overseeing the financial framework for these business units. He also has served as a member of the Board of Managers of the Managing Owner since August
 

2026. Prior to these roles, Mr. Casaccia served as Senior Manager, Financial Planning and Analysis for Wealth Management Intermediaries, which is the distribution organization with Invesco Ltd, since May 2019. Overall, he has spent the last 17 years with Invesco Ltd with experience in finance, distribution and the North American transfer agency. Mr. Casaccia holds a BS in Business Administration from Stephen F. Austin State University. Mr. Casaccia’s application as a principal of the Managing Owner is being prepared for submission.
 

SIGNATURES
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 hereunto duly authorized.
 
Invesco DB Multi-Sector Commodity Trust
  By:  
Invesco Capital Management LLC,
its Managing Owner
    By:  
/s/ Adam Henkel
      Name:   Adam Henkel
      Date:   August 3, 2026
      Title:   Secretary
 
Invesco DB Energy Fund, a series of Invesco DB Multi-Sector Commodity Trust
  By:  
Invesco Capital Management LLC,
its Managing Owner
    By:  
/s/ Adam Henkel
      Name:   Adam Henkel
      Date:   August 3, 2026
      Title:   Secretary
 
Invesco DB Oil Fund, a series of Invesco DB Multi-Sector Commodity Trust
  By:  
Invesco Capital Management LLC,
its Managing Owner
    By:  
/s/ Adam Henkel
      Name:   Adam Henkel
      Date:   August 3, 2026
      Title:   Secretary
 
Invesco DB Precious Metals Fund, a series of Invesco DB Multi-Sector Commodity Trust
  By:  
Invesco Capital Management LLC,
its Managing Owner
    By:  
/s/ Adam Henkel
      Name:   Adam Henkel
      Date:   August 3, 2026
      Title:   Secretary
 

Invesco DB Base Metals Fund, a series of Invesco DB Multi-Sector Commodity Trust
  By:  
Invesco Capital Management LLC,
its Managing Owner
    By:  
/s/ Adam Henkel
      Name:   Adam Henkel
      Date:   August 3, 2026
      Title:   Secretary
 
Invesco DB Agriculture Fund, a series of Invesco DB Multi-Sector Commodity Trust
  By:  
Invesco Capital Management LLC,
its Managing Owner
    By:  
/s/ Adam Henkel
      Name:   Adam Henkel
      Date:   August 3, 2026
      Title:   Secretary

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