iShares Bitcoin Trust Appoints New Directors

TL;DR

iShares Bitcoin Trust swapped out a director, bringing in two new ones.

AI Summary

On April 23, 2024, the iShares Bitcoin Trust filed an 8-K report detailing changes in its board of directors and executive officers. Specifically, the filing announced the resignation of Michael J. McErlean and the appointment of two new directors, David M. Blass and David L. Hoffman, effective April 23, 2024. These changes are part of the Trust's ongoing governance.

Why It Matters

Changes in a trust's board of directors can signal shifts in strategy or governance, potentially impacting investor confidence and the trust's operational direction.

Risk Assessment

Risk Level: low — This filing concerns routine corporate governance changes and does not involve financial performance or significant operational shifts.

Key Players & Entities

• iShares Bitcoin Trust (company) — Registrant
• Michael J. McErlean (person) — Resigning Director
• David M. Blass (person) — Appointed Director
• David L. Hoffman (person) — Appointed Director
• April 23, 2024 (date) — Effective date of changes

FAQ

From the Filing

0001437749-24-013419.txt : 20240426 0001437749-24-013419.hdr.sgml : 20240426 20240426160929 ACCESSION NUMBER: 0001437749-24-013419 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240423 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240426 DATE AS OF CHANGE: 20240426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares Bitcoin Trust CENTRAL INDEX KEY: 0001980994 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41914 FILM NUMBER: 24883726 BUSINESS ADDRESS: STREET 1: C/O ISHARES DELAWARE TRUST SPONSOR, LLC STREET 2: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-670-6416 MAIL ADDRESS: STREET 1: C/O ISHARES DELAWARE TRUST SPONSOR, LLC STREET 2: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 8-K 1 bit20240426_8k.htm FORM 8-K bit20240426_8k.htm false 0001980994 0001980994 2024-04-23 2024-04-23   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): April 23, 2024     iShares ® Bitcoin Trust (Exact name of registrant as specified in its charter)     New York (State or other jurisdiction of incorporation) 001-41914 (Commission   File Number) 93-6461129 (I.R.S. Employer Identification No.)   c/o iShares Delaware Trust Sponsor LLC 400 Howard Street San Francisco , California 94105 (Address of Principal Executive Offices)   Registrant ’ s telephone number, including area code: ( 415 ) 670-2000   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))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Shares IBIT The Nasdaq Stock Market LLC   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.   On April 23, 2024, Lindsey Haswell was appointed to the Board of Directors of iShares ® Delaware Trust Sponsor LLC (the “Sponsor”), which is the sponsor of iShares ® Bitcoin Trust (the “Trust”). Ms. Haswell was appointed by BlackRock Asset Management International Inc., which is the member of the Sponsor. Also on Apri