---
schema_version: "secwatch.filing_event.v1"
accession: "0001839882-24-038414"
form_type: "8-K"
ticker: "ASA"
cik: "0001230869"
company_name: "ASA Gold & Precious Metals Ltd"
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T02:42:54.342729+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ASA Gold board dispute deepens; New Directors accuse Legacy Directors of entrenchment

## Summary
- New Directors Paul Kazarian and Ketu Desai allege Legacy Directors Mary Joan Hoene and William Donovan formed 'Sham Committees' to exclude them from board decisions.
- Legacy Directors reject allegations, claim they acted in best interest of shareholders and compliance with Investment Company Act.
- Dispute includes threat to 'hold up' 2025 AGM if New Directors do not agree to nominate Legacy Directors.
- Referenced pending lawsuit: Saba Capital Master Fund, Ltd. v. ASA Gold and Precious Metals, Ltd. (No. 24-cv-690 SDNY).
- Nominating Committee has not convened to consider director candidates for the 2025 AGM as of November 8, 2024.

## SEC filing metadata
- accession: 0001839882-24-038414
- form_type: 8-K
- ticker: ASA
- cik: 0001230869
- company_name: ASA Gold & Precious Metals Ltd
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1230869/000183988224038414/0001839882-24-038414-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1230869/000183988224038414/asa_8k-110824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001839882-24-038414
- JSON: https://secwatch.observer/filing/0001839882-24-038414.json
- Plain text: https://secwatch.observer/filing/0001839882-24-038414.txt

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