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
June 3, 2010
Date of Report (Date of Earliest Event Reported)
WORLD MONITOR TRUST II – SERIES E
(Exact name of Registrant as Specified in its Charter)
| Delaware | 0-32687 | 13-4058319 | ||
(State or other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
900 King Street, Rye Brook, New York 10573
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (914) 307-7000
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)) |
| Item 1.01 | Entry into a Material Definitive Agreement |
Effective July 1, 2010, World Monitor Trust II – Series E (“Registrant”) will contribute all of its assets into KMP Futures Fund I LLC (“KMPFF”), a Delaware limited liability company for which Winton Capital Management Limited (“Winton”), a company registered in England and Wales, currently serves as the sole trading advisor. Attached as Exhibits 10.12 and 10.13, respectively, are KMPFF’s Amended and Restated Limited Liability Company Operating Agreement and the Advisory Agreement among KMPFF, Kenmar Preferred Investments Corp. and Winton.
KMPFF has entered into a Trading Advisor Agreement with Graham Capital Management, L.P. (“Graham”) whereby, beginning July 1, 2010, Graham will manage a portion of KMPFF’s assets pursuant to its K4D-15V Program. Attached as Exhibit 10.14 is the Advisory Agreement with Graham.
| Item 1.02 | Termination of a Material Definitive Agreement |
As of June 30, 2010, Graham will withdraw as the trading advisor for Registrant and no longer manage its assets. As discussed above in Item 1.01, effective July 1, 2010, Registrant intends to allocate all of its assets to KMPFF, for which Winton and Graham will serve as trading advisors.
Attached as Exhibit 99.5 is a copy of a letter that will be provided to investors regarding the activities described herein.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits. |
Exhibit | Description | |
| 10.12 | KMP Futures Fund I LLC Amended and Restated Limited Liability Company Operating Agreement dated January 1, 2010 | |
| 10.13 | Advisory Agreement dated November 20, 2006 by and among WCM Pool LLC, Preferred Investment Solutions Corp. and Winton Capital Management Limited | |
| 10.14 | Advisory Agreement dated July 1, 2010 by and among KMP Futures Fund I LLC, Kenmar Preferred Investments Corp. and Graham Capital Management, L.P. | |
| 99.5 | Letter to Investors dated May 28, 2010 | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant in the capacity indicated on June 3, 2010.
WORLD MONITOR TRUST II – SERIES E (Registrant) | ||||||
| By: | Kenmar Preferred Investments Corp., its Managing Owner | |||||
| Date: June 3, 2010 | By: | /s/ Lawrence S. Block | ||||
| Name: | Lawrence S. Block | |||||
| Title: | Executive Vice President and General Counsel | |||||
