Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 10, 2018, Steve Kahler was appointed as the Chief Operating Officer
of Teucrium Trading, LLC ("Teucrium" or the "Sponsor"), sponsor of the Teucrium
Corn Fund ("CORN"), the Teucrium Sugar Fund ("CANE"), the Teucrium Soybean Fund
("SOYB"), the Teucrium Wheat Fund ("WEAT"), and the Teucrium Agricultural Fund
("TAGS") (collectively, the "Funds"), each a series of the Teucrium Commodity
Trust (the "Registrant").
As Chief Operating Officer, Mr. Kahler will be primarily responsible for the
trade operations, trade execution, and portfolio activities ("Trade Operations")
with respect to the Funds.
With respect to Mr. Kahler's appointment as Chief Operating Officer of Teucrium,
he will be paid an annual salary. Such compensation has been and will be
allocated among the Funds based on size, volume and complexity thereof and the
actual amounts allocated to each Fund may vary over time, as the relative size,
volume and complexity of the Funds varies.
There are no family relationships between Mr. Kahler and any of the Teucrium's
members or executive officers or any person nominated or chosen to become an
executive officer, and there are no transactions in which Mr. Kahler has an
interest requiring disclosure under Item 404(a) of Regulation S-K.
Biographical information for Mr. Kahler is as follows:
Steve Kahler, Chief Operating Officer, began working for the Sponsor in November
2011 as Managing Director of Trade Operations. He worked for the Sponsor from
November 2011 through September 6, 2018 as Managing Director of Trade Operations
and as Chief Operating Officer from May 24, 2012 through September 6, 2018. Mr.
Kahler resigned as Chief Operating Officer of the Sponsor effective September 6,
2018. He was reappointed as Chief Operating Officer by majority vote of the
Class A Members on October 10, 2018 and will continue to have primary
responsibility for the Trade Operations for the Funds. Mr. Kahler is primarily
responsible for making trading and investment decisions for the Funds, and for
directing the Funds' trades for execution. He maintains his main business office
at 13520 Excelsior Blvd., Minnetonka, MN 55345. Mr. Kahler was a registered
representative of Foreside Fund Services, LLC (the "Distributor") under the
terms of the Securities Activities and Services Agreement ("SASA") between the
Sponsor and the Distributor from January 18, 2012 to September 14, 2018.
Additional information regarding the SASA can be found in the section of each
Fund's prospectus entitled "Plan of Distribution." Mr. Kahler previously worked
for Cargill Inc., an international producer and marketer of food, agricultural,
financial and industrial products and services, from April 2006 until November
2011 in the Energy Division as Senior Petroleum Trader. In October 2006, and
while employed at Cargill Inc., Mr. Kahler was approved as an Associated Person
of Cargill Commodity Services Inc., a commodity trading affiliate of Cargill
Inc., from September 13, 2006 to November 9, 2011. Mr. Kahler graduated from the
University of Minnesota with a Bachelors of Agricultural Business Administration
in 1992 and is 51 years old.
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