UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM8-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): February 1, 2019
MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware | 000-19511 | 13-3619290 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
c/o Ceres Managed Futures LLC
522 Fifth Avenue
New York, New York 10036
(Address and Zip Code of principal executive offices)
Registrant’s telephone number, including area code: (855)672-4468
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
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 Rule12b-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 1.01 | Entry into a Material Definitive Agreement. |
The Registrant has entered into an amendment (“Amendment No. 2”) to the management agreement, dated as of January 1, 2004, as amended April 1, 2014 (the “Management Agreement”), by and among the Registrant, Ceres Managed Futures LLC, the general partner of the Registrant (the “General Partner”), and Graham Capital Management L.P., a Delaware limited partnership (“Graham”), pursuant to which Graham manages the portion of the Registrant’s assets allocated to it.
Pursuant to Amendment No. 2, effective as of February 1, 2019, the monthly management fee payable to Graham is decreased to 1/12 of 1.35% (a 1.35% annual rate) and the incentive fee is decreased to 18% of the Trading Profits (as defined in the Management Agreement) experienced by the Registrant as of the end of each annual period. In all other material respects, the Management Agreement remains unchanged and of full force and effect.
A copy of Amendment No. 2 is filed herewith as Exhibit 10.1
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibit is filed as part of this report.
Exhibit | Description | |
10.1 | Amendment No. 2, dated as of February 1, 2019, to the Management Agreement by and among the Registrant, the General Partner and Graham. |
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SIGNATURES
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 hereunto duly authorized.
MORGAN STANLEY SMITH BARNEY SPECTRUM SELECT L.P. | ||
By: | Ceres Managed Futures LLC, General Partner | |
By: | /s/ Patrick T. Egan | |
Patrick T. Egan | ||
President and Director |
Date: February 7, 2019
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