---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-057887"
form_type: "8-K"
ticker: "BDRY"
cik: "0001610940"
company_name: "Amplify Commodity Trust"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T07:04:15.664609+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CEO resigns amid SEC Wells notice; sponsor replacement planned for Q4 2023

## Summary
- Samuel R. Masucci resigned as CEO of sponsor effective July 15, 2023, after receiving SEC Wells notice.
- Matthew J. Bromberg appointed Interim CEO effective July 17, 2023; no new compensation arrangements yet.
- Sponsor ETF Managers Capital LLC intends to withdraw and appoint Amplify Investments LLC as new sponsor, expected Q4 2023.
- SEC investigation alleges non-disclosure of conflicts of interest in securities lending program; settlement discussions ongoing with financial penalties.
- Masucci remains a principal due to ownership, but no longer serves as CEO.

## SEC filing metadata
- accession: 0001213900-23-057887
- form_type: 8-K
- ticker: BDRY
- cik: 0001610940
- company_name: Amplify Commodity Trust
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610940/000121390023057887/0001213900-23-057887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610940/000121390023057887/ea181973-8k_etfmanagers1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-057887
- JSON: https://secwatch.observer/filing/0001213900-23-057887.json
- Plain text: https://secwatch.observer/filing/0001213900-23-057887.txt

## Key facts
- Executive change
  Samuel R. Masucci, III resigned as Chief Executive Officer at Amplify Commodity Trust.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: Effective as of July 15, 2023, Samuel R. Masucci, III resigned as the Chief Executive Officer of ETF Managers Capital LLC (the “Sponsor”), Sponsor of the Breakwave Dry Bulk Shipping ETF and the Breakwave Tanker Shipping ETF (collectively, the “Funds”), each a series of the ETF Managers Group Commodity Trust I (the “Registrant”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610940/000121390023057887/0001213900-23-057887-index.htm
- Executive change
  Matthew J. Bromberg was appointed as Interim Chief Executive Officer at Amplify Commodity Trust.
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: Effective July 17, 2023, Matthew J. Bromberg has been appointed Interim Chief Executive Officer of the Sponsor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1610940/000121390023057887/0001213900-23-057887-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.