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World Gold Trust sponsor names Joan Binstock to board

Her background spans asset-management finance, operational due diligence and regulatory-risk roles.

(High)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

World Gold Trust (GLDM) reported that its sponsor, WGC USA Asset Management Company, LLC, appointed Joan A. Binstock to the sponsor’s Board of Directors and Audit Committee, effective September 28, 2026.

Binstock has been an Advisor at Lovell Minnick Partners since July 2018, assisting with deal and operational due diligence, and served as Chief Financial Officer of Lord, Abbett & Co. from 2000 to March 2018. Her other board roles include Morgan Stanley Direct Lending Fund, Brown Brothers Harriman US Mutual Funds, KKR Real Estate Select Trust, Confluence Technologies and The 2023 ETF Series Trust. She is a licensed Certified Public Accountant. Jonathan Spiegel, the sponsor’s Principal Executive Officer, signed the report.

Insights

Analyzing...

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.
Appointment effective date September 28, 2026 Appointment to the sponsor’s Board of Directors and Audit Committee
Age 72 years Joan A. Binstock
Advisor since July 2018 Lovell Minnick Partners
operational due diligence financial
"deal and operational due diligence activities"
Operational due diligence is a detailed check of how a business actually runs—its staff, processes, systems, controls and operational risks—to verify that day‑to‑day activities can deliver the results management promises. For investors, it matters because it reveals hidden costs, execution weaknesses and continuity risks that affect future profits and asset value, similar to inspecting a car’s engine and brakes before buying to avoid costly surprises.
Regulatory and Risk Management Practice regulatory
"National Director of the Regulatory and Risk Management Practice"
closed-end management investment company financial
"a closed-end management investment company"
A closed-end management investment company is a pooled investment fund that raises a fixed amount of capital by issuing a set number of shares and then lists those shares for trading on an exchange; investors buy and sell shares on the market rather than redeeming them back to the fund. Think of it like a store with a fixed number of bottles on the shelf: the market price can be higher or lower than the underlying value of the assets, which matters to investors because it affects returns, liquidity and income characteristics independent of the fund’s actual holdings.
Certified Public Accountant financial
"a licensed Certified Public Accountant"
A certified public accountant (CPA) is a licensed accounting professional who has passed rigorous exams and met education and experience requirements to prepare, review, and officially certify financial statements and tax filings. For investors, a CPA's involvement is like a neutral referee confirming that a company's reported numbers are accurate and follow accounting rules, which improves trust in financial reports and lowers the risk of unexpected errors or misleading information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who did GLDM’s sponsor appoint to its Board of Directors and Audit Committee?

WGC USA Asset Management Company, LLC appointed Joan A. Binstock to the sponsor’s Board of Directors and Audit Committee, effective September 28, 2026.

What other senior roles has Joan Binstock held?

Binstock was Chief Operating Officer at Morgan Grenfell Asset Management, Principal and National Director of the Regulatory and Risk Management Practice at Ernst & Young, and Chief Administrative Officer at BEA/Credit Suisse and Goldman Sachs.

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

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Learn about SEC filing dates
false 0001618181 0001618181 2026-09-28 2026-09-28


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): September 28, 2026
 

 
WORLD GOLD TRUST
SPONSORED BY WGC USA ASSET MANAGEMENT COMPANY, LLC
(Exact name of registrant as specified in its charter)
 

 
Delaware
001-37996
36-7650517
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
c/o WGC USA Asset Management Company, LLC
685 Third Ave., Suite 2702
New York, New York 10017
(Address of principal executive offices; zip code)
 
Registrant’s telephone number, including area code: (212) 317-3800
(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
 
Name of each exchange on which registered
SPDR® Gold MiniShares®
 
GLDM®
 
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.
 
Effective September 28, 2026, WGC USA Asset Management Company, LLC, the sponsor of World Gold Trust and its series, SPDR® Gold MiniShares® Trust (the “Sponsor”), appointed Joan A. Binstock to the Board of Directors and the Audit Committee of the Sponsor.
 
Joan A. Binstock, age 72, has served as an Advisor at Lovell Minnick Partners, LLC since July 2018, where she is responsible for assisting the firm on deal and operational due diligence activities across all portfolio companies. In addition, she has been a member of the board of directors, Chair of the Nominating and Corporate Governance Committee and a member of the Audit Committee of Morgan Stanley Direct Lending Fund since October 2019, a director of the Brown Brothers Harriman US Mutual Funds since September 2019, a member of the board of directors and the Audit Chair of KKR Real Estate Select Trust, Inc., a closed-end management investment company that has elected to be treated as a real estate investment trust, since August 2020, a member of the board of directors of Confluence Technologies, Inc. since April 2023 and a member of the board of directors and Audit Chair of The 2023 ETF Series Trust since 2023. Ms. Binstock served as a director of SimCorp A/S from April 2018 to March 2023. Ms. Binstock was a Partner at Lord, Abbett & Co. LLC from 2000 to March 2018, where she served as the Chief Financial Officer. Previously, Ms. Binstock was the Chief Operating Officer at Morgan Grenfell Asset Management. Prior to that, she was a Principal and National Director of the Regulatory and Risk Management Practice at Ernst & Young LLP, the Chief Administrative Officer at BEA/Credit Suisse, and the Chief Administrative Officer of the Capital Markets Group at Goldman Sachs. Ms. Binstock is on the Duke School of Medicine Board of Visitors and is Vice Chairperson of the Bronx High School of Science Endowment Fund, each of which is a nonprofit organization. Ms. Binstock is a licensed Certified Public Accountant. She holds a M.B.A. from New York University and a B.A. from the University of Binghamton.
 

 
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.
 
Date: September 28, 2026
 
WORLD GOLD TRUST
 
 
(Registrant)*
 
 
 
 
 
 
By:
WGC USA Asset Management Company, LLC
as the Sponsor of the Registrant
 
 
 
 
 
 
By:
/s/ Jonathan Spiegel
 
 
 
Name:
Jonathan Spiegel
 
 
 
Title:
Principal Executive Officer
 
 

*
As the Registrant is a trust, this report is being filed on behalf of the Registrant by WGC USA Asset Management Company, LLC, only in its capacity as the sponsor of the Registrant. The identified person signing this report is signing in his capacity as an authorized officer of WGC USA Asset Management Company, LLC.
 
 

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