<SEC-DOCUMENT>0000921895-23-001372.txt : 20230526
<SEC-HEADER>0000921895-23-001372.hdr.sgml : 20230526
<ACCEPTANCE-DATETIME>20230526170159
ACCESSION NUMBER:		0000921895-23-001372
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230526
DATE AS OF CHANGE:		20230526

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WisdomTree, Inc.
		CENTRAL INDEX KEY:			0000880631
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				133487784
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10932
		FILM NUMBER:		23970075

	BUSINESS ADDRESS:	
		STREET 1:		250 WEST 34TH STREET
		STREET 2:		3RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
		BUSINESS PHONE:		212-801-2080

	MAIL ADDRESS:	
		STREET 1:		250 WEST 34TH STREET
		STREET 2:		3RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WisdomTree Investments, Inc.
		DATE OF NAME CHANGE:	20090401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDEX DEVELOPMENT PARTNERS INC
		DATE OF NAME CHANGE:	20020812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FINANCIAL DATA SYSTEMS
		DATE OF NAME CHANGE:	19951120

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ETFS Capital Limited.
		CENTRAL INDEX KEY:			0001520619
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		Ordnance House
		STREET 2:		31 Pier Road
		CITY:			St. Helier, Channel Islands
		STATE:			Y9
		ZIP:			JE4 8PW
		BUSINESS PHONE:		44-153--482-5500

	MAIL ADDRESS:	
		STREET 1:		Ordnance House
		STREET 2:		31 Pier Road
		CITY:			St. Helier, Channel Islands
		STATE:			Y9
		ZIP:			JE4 8PW

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ETF Securities Ltd
		DATE OF NAME CHANGE:	20110512
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFAN14A
<SEQUENCE>1
<FILENAME>dfan14a13246002_05262023.htm
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SCHEDULE
14A</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Rule
14a-101)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">INFORMATION REQUIRED IN PROXY STATEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">SCHEDULE 14A INFORMATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Amendment No. )</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by the Registrant &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by a Party other than the Registrant &#9746;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Preliminary Proxy Statement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Definitive Proxy Statement</TD></TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9746;</TD><TD>Definitive Additional Materials</TD></TR></TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Soliciting Material Under &sect; 240.14a-12</TD></TR></TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; text-align: center; vertical-align: top; border-bottom: Black 0.5pt solid"><FONT STYLE="text-transform: uppercase">WisdomTree, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: top"><P>(Name of Registrant as Specified In Its Charter)</P>

</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: top; border-bottom: Black 0.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">ETFS Capital
Limited</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">Graham Tuckwell
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase">BRUCE AUST</FONT></P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="text-transform: uppercase">TONIA PANKOPF</FONT></P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; vertical-align: top"><P>(Name of Persons(s) Filing Proxy Statement, if other than the Registrant)</P>

</TD></TR>
</TABLE>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Payment of Filing Fee (Check all boxes that apply):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9746;</TD><TD>No fee required</TD></TR></TABLE>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Fee paid previously with preliminary materials</TD></TR></TABLE>



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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11</TD></TR></TABLE>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">ETFS Capital Limited, together
with the other participants named herein (collectively, &ldquo;ETFS Capital&rdquo;), has filed a definitive proxy statement and accompanying
<B>GOLD</B> proxy card with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;) to be used to solicit votes for the election
of its slate of highly-qualified director nominees at the 2023 annual meeting of stockholders (the &ldquo;Annual Meeting&rdquo;) of WisdomTree,
Inc., a Delaware corporation (the &ldquo;Company&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">On May 25, 2023, a representative
of ETFS Capital was quoted in the following article published by Citywire:</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in"><B>Passive aggressive: WisdomTree attacks
activist&rsquo;s board nominees (again)</B></P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">The battle for power at the ETF provider
has become an increasingly bitter war of words between the fund house and its largest shareholder.</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify; text-indent: 0in">Citywire</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify; text-indent: 0in">By Chris Sloley</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify; text-indent: 0in">25 May 2023</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">WisdomTree is not turning down the volume on its bitter public
battle with largest shareholder Graham Tuckwell and is warning its other shareholders that his board nominees lack the skill, competence
and ability to help lead the company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">The New York-based group had stepped up its rhetoric at the
start of the month when it claimed Tuckwell&rsquo;s proposals for the firm were &lsquo;self-serving&rsquo; and urged shareholders to ignore
his suggestions ahead of next month&rsquo;s annual general meeting (AGM).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">Tuckwell holds more than 10% of WisdomTree stock through ETFS
Capital. He received the shares by selling his company&rsquo;s European asset management business to WisdomTree in 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">In the period since, WisdomTree and Tuckwell have clashed over
the direction of the company and its attempt to move more into the world of crypto and blockchain-based investing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">In March 2022, Tuckwell and Lion Point Capital published an
open letter to WisdomTree management calling on WisdomTree chief executive Jonathan Steinberg to be replaced. The activists believed the
company had lost credibility under his stewardship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">Tuckwell proposed three additions to the board: famed exchange-traded
fund (ETF) investor Deborah Fuhr, State Street Global Advisors&rsquo; former CIO Lynn Blake, and himself. He has since amended this proposal
to include himself, Bruce E Aust, strategic advisor to the Anthemis Group, and Tonia Pankopf, managing partner of Pareto Advisors.</P>

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<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">In its latest note, published on 25 May, WisdomTree said the
two names recruited by Tuckwell for this proxy contest are not experienced enough for the role.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">The asset manager wrote: &lsquo;[They] do not come close to
compensating for what we would lose should they replace any of our nominees. Neither Mr Aust nor Ms Pankopf bring any public company C-suite
experience or ETF operational experience.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">&lsquo;They also do not have any digital or technology experience,
a skillset we need on our board as we invest in growth initiatives, including digital assets, tokenization and blockchain-enabled finance.&rsquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">Stepping up the explanation, WisdomTree said Pankopf has a history
of &lsquo;stockholder value destruction&rsquo; in her previous board roles. And it said Aust has no relevant experience at a senior level
or in the direct areas of business for WisdomTree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">WisdomTree saved its most scathing critique for Tuckwell himself,
who it branded as &lsquo;simply unfit to serve on our board&rsquo;. The company said he has no additional experience and would potentially
be a &lsquo;toxic&rsquo; presence within the board should he be voted in.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">WisdomTree said: &lsquo;Based on his public communications,
we wonder if Mr Tuckwell is even familiar with the background of his own nominees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">&lsquo;He has criticised the board for &ndash; in his words
 &ndash; nominating &ldquo;an individual with no ETF experience&rdquo; and &ldquo;no public board experience&rdquo; (except a Spac), ignoring
that he himself has nominated two individuals with no ETF experience, one of whom has no public board experience except for a Spac that
is currently being liquidated.&rsquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">ETFS Capital was contacted by Citywire Selector earlier this
month for its view on the ongoing exchanges with WisdomTree.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">A spokesperson said: &lsquo;We are disappointed at the WisdomTree
board and management&rsquo;s latest desperate attempt to smear Graham Tuckwell and ETFS Capital, and to mislead and distract stockholders
from their value destructive stewardship of the company.</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">&lsquo;WisdomTree&rsquo;s entrenched board and management team
has failed to capitalize on the enormous opportunity available to it and failed to translate record [assets under management] into revenue
growth and operating margins.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">&lsquo;ETFS Capital is WisdomTree&rsquo;s largest stockholder,
and our nominees will contribute urgently needed ETF expertise, management oversight, and fresh perspective to drive value for all stockholders.&rsquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Segoe UI,sans-serif; margin: 0; text-align: justify">WisdomTree&rsquo;s AGM will take place on 16 June.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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