AMG 8-K Current Reports
AFFILIATED MANAGERS GROUP, INC. - 246 current reports
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Jul 30, 2026)
Affiliated Managers Group, Inc. (AMG) has filed an 8-K report on July 30, 2026, primarily to announce its financial and operating results for the quarter ended June 30, 2026, through a press release furnished as Exhibit 99.1. While the full details of the financial performance are within the press release, the 8-K itself focuses on the official disclosure of these results and a related event. Investors should refer to the furnished press release for comprehensive earnings data and operational commentary. In addition to the financial results, the report also disclosed a significant corporate action: the Board of Directors has authorized and declared a quarterly dividend of $0.01 per share of common stock. This dividend is set to be paid on August 24, 2026, to stockholders of record as of August 10, 2026. This indicates the company's continued commitment to returning capital to its shareholders, though the per-share amount is modest.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Jun 9, 2026)
Affiliated Managers Group, Inc. (AMG) announced on June 9, 2026, the execution of a Fourth Amended and Restated Credit Agreement, significantly enhancing its financial flexibility. This new agreement establishes a $1.25 billion senior unsecured multicurrency revolving credit facility with a maturity date of June 9, 2031. The facility replaces the company's previous credit agreement and provides a substantial increase in borrowing capacity, with an option to further expand commitments by up to $750 million, subject to certain conditions. This move is strategically important for managing working capital, funding strategic investments in affiliates, repaying debt, and supporting shareholder returns through stock repurchases and dividend payments. The updated credit agreement includes customary financial covenants related to leverage and interest coverage, alongside standard affirmative and negative covenants that govern actions such as priority indebtedness, asset dispositions, and fundamental corporate changes. While these covenants impose restrictions, the agreement incorporates specific thresholds and exceptions to provide operational flexibility. Investors should view this amendment as a positive step, demonstrating AMG's proactive approach to managing its capital structure and supporting its ongoing business objectives.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Shareholder Vote Results (May 28, 2026)
Affiliated Managers Group, Inc. (AMG) held its Annual Meeting of Stockholders on May 27, 2026, where key corporate matters were presented to and voted upon by shareholders. The meeting resulted in overwhelmingly positive outcomes for all proposals, indicating strong shareholder confidence in the company's leadership and strategic direction. The election of directors saw each nominee receive at least 97% of the votes cast, ensuring continuity and support for the existing board. Furthermore, shareholders provided robust approval for the compensation of the company's named executive officers through a non-binding advisory vote, with 98% of votes in favor. This strong endorsement suggests that investors are aligned with the company's executive remuneration policies. Finally, the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the current fiscal year was ratified by 94% of the votes, reinforcing trust in the company's financial oversight and reporting integrity.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (May 1, 2026)
Affiliated Managers Group, Inc. (AMG) has filed an 8-K report on May 1, 2026, primarily announcing its financial and operating results for the quarter ended March 31, 2026, via an attached press release (Exhibit 99.1). Investors should note that key financial highlights and tables within this press release are considered "filed" under Section 18 of the Securities Exchange Act, meaning they are subject to liability under that section. The remainder of the press release is "furnished," carrying less regulatory weight. Beyond the earnings announcement, the report also disclosed that AMG's Board of Directors has authorized and declared a quarterly dividend of $0.01 per share. This dividend will be payable on May 26, 2026, to shareholders of record as of May 11, 2026. This information provides clarity on the company's capital return policy to its shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Feb 26, 2026)
Affiliated Managers Group, Inc. (AMG) has announced a key change to its Board of Directors and a leadership update. Effective April 1, 2026, G. Staley Cates will join the Board as an independent director. Mr. Cates brings extensive experience from his long tenure at Southeastern Asset Management, Inc., where he held significant leadership roles including Vice Chairman and President, and possesses a Chartered Financial Analyst designation. His appointment is expected to enhance the Board's expertise, particularly given his background in investment management. In addition to Mr. Cates' appointment, the Company also announced the re-appointment of Jay C. Horgen as President, a role he will continue to hold alongside his position as Chief Executive Officer, effective April 1, 2026. Concurrently, Karen L. Alvingham will retire from the Board of Directors on the same date. These changes are being communicated via a press release filed with the SEC, highlighting the company's ongoing governance and leadership evolution.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Feb 12, 2026)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on February 12, 2026, primarily to announce its financial and operating results for the fiscal year and fourth quarter ended December 31, 2025. While specific financial figures are detailed in the furnished press release (Exhibit 99.1), the 8-K highlights key capital allocation decisions made by the Board of Directors. Investors should note the declaration of a quarterly dividend and a significant expansion of the share repurchase program. The company's Board authorized a quarterly dividend of $0.01 per share, payable in March 2026. More notably, AMG authorized an additional share repurchase program allowing for the buyback of up to 4.2 million shares. This new authorization, combined with remaining capacity from a prior program, provides a substantial pool of approximately 6 million shares available for repurchase. These buyback programs do not have an expiration date, signaling a consistent approach to returning capital to shareholders through both dividends and share repurchases.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Feb 12, 2026)
Affiliated Managers Group, Inc. (AMG) has announced a significant leadership change with the departure of its President and Chief Operating Officer, Thomas M. Wojcik, effective March 6, 2026. Following his departure, Mr. Wojcik's duties will be distributed among the existing senior leadership team, indicating a restructuring rather than an immediate replacement. This transition comes with a substantial separation package for Mr. Wojcik. He is set to receive aggregate cash payments totaling $5,025,000 in 2026 and an additional $11,050,000 in the first quarter of 2027, contingent on his fulfillment of ongoing obligations, including non-competition and non-solicitation provisions. Importantly, Mr. Wojcik will not receive any incentive compensation for 2025 or 2026 performance, and his outstanding unvested equity awards will be forfeited upon his departure. Investors should monitor how the reallocation of responsibilities impacts operational efficiency and strategic execution.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Dec 11, 2025)
Affiliated Managers Group, Inc. (AMG) announced on December 11, 2025, the successful completion of a $425 million issuance of 5.500% Senior Notes due 2036. These notes are unsecured and unsubordinated obligations of the company, maturing on February 15, 2036, with semi-annual interest payments. The offering was conducted under a shelf registration statement and was supported by an underwriting agreement with BofA Securities, Citigroup Global Markets, and Wells Fargo Securities. The primary use of the net proceeds from this debt issuance is to fully redeem and settle obligations related to the company's 5.15% Convertible Trust Preferred Securities due 2037 of AMG Capital Trust II. Any remaining proceeds are earmarked for general corporate purposes. This transaction effectively refinances a portion of AMG's outstanding debt, potentially impacting its interest expense and capital structure.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Corporate Update (Dec 8, 2025)
Affiliated Managers Group, Inc. (AMG) announced on December 8, 2025, that it has issued a notice to redeem all outstanding 5.15% Convertible Trust Preferred Securities due 2037. The redemption is scheduled for December 29, 2025, with securities being repurchased at par value plus accrued interest. This action is a strategic move to simplify AMG's capital structure and maintain its long-duration debt profile.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Nov 3, 2025)
Affiliated Managers Group, Inc. (AMG) has filed an 8-K to report its financial and operating results for the quarter ended September 30, 2025. The key takeaway for investors is the declaration of a quarterly dividend of $0.01 per share, payable to shareholders of record by November 13, 2025. This indicates a continued commitment to returning capital to shareholders. While the press release containing the detailed financial and operating results is furnished as an exhibit, specific financial highlights and tables are officially filed and incorporated by reference into other SEC filings, making them subject to Section 18 of the Securities Exchange Act of 1934. Investors should refer to Exhibit 99.1 for a comprehensive understanding of the company's performance during the third quarter of 2025.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Aug 14, 2025)
Affiliated Managers Group, Inc. (AMG) announced a significant change to its Board of Directors through an 8-K filing on August 14, 2025. Marcy Engel has been appointed as an independent director, effective September 30, 2025. Ms. Engel brings extensive experience from leadership roles at Sculptor Capital Management, Inc. and Eton Park Capital Management, L.P., including significant operational and legal expertise within the alternative investment sector. Her appointment is expected to bolster the board's capabilities, particularly in areas of governance and strategic oversight. Concurrently, the company also disclosed the upcoming retirement of director Dwight D. Churchill, also effective September 30, 2025. This transition marks a strategic refresh of the board composition. AMG has also furnished a press release detailing these changes, which is considered standard practice for such material announcements. Investors should note that Ms. Engel's compensation will align with the company's existing director compensation program and she will enter into the standard director indemnification agreement.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Jul 31, 2025)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on July 31, 2025, to report its financial and operating results for the quarter ended June 30, 2025. The press release detailing these results, furnished as Exhibit 99.1, is the primary driver of this filing. Investors should note that specific financial tables within the press release are deemed "filed" under Section 18 of the Securities Exchange Act of 1934 and incorporated by reference into the Company's Securities Act filings. In addition to the quarterly results, the filing also announced a customary quarterly dividend of $0.01 per share of common stock, payable to shareholders of record on August 11, 2025. This indicates continued commitment to returning capital to shareholders, although the specific financial performance figures for the quarter are detailed in the separate press release.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Jun 6, 2025)
Affiliated Managers Group, Inc. (AMG) announced a significant leadership change via an 8-K filing on June 6, 2025. Effective June 3, 2025, Thomas M. Wojcik has been appointed President of the Company, while retaining his role as Chief Operating Officer. This move separates the President and CEO titles, with Jay C. Horgen continuing as Chief Executive Officer. This structural adjustment could signal a strategic shift in operational focus or executive responsibilities within the organization. In connection with his new role, Mr. Wojcik received a substantial one-time award of $5,000,000 in restricted stock units, vesting in March 2030 and contingent upon performance-based conditions. This equity grant is designed to align Mr. Wojcik's interests with long-term stockholder value creation. Investors should monitor how this new leadership structure impacts AMG's strategic execution and financial performance going forward.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Shareholder Vote Results (May 22, 2025)
Affiliated Managers Group, Inc. (AMG) held its Annual Meeting of Stockholders on May 22, 2025, with key outcomes focused on director elections, executive compensation, and the ratification of its independent auditor. The meeting provided a strong signal of shareholder confidence, with overwhelming support for the proposed slate of directors, each receiving at least 96% of the votes cast. This robust approval indicates that shareholders are comfortable with the current board's composition and oversight. Furthermore, shareholders overwhelmingly approved the company's executive compensation through a non-binding advisory vote, with 97% of votes cast in favor. This high level of support suggests alignment between management's pay practices and shareholder expectations. The company also ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the current fiscal year with 93% of the votes cast in favor, reinforcing confidence in the company's financial reporting and audit process.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (May 8, 2025)
Affiliated Managers Group, Inc. (AMG) has filed an 8-K report on May 8, 2025, primarily to disclose its financial and operating results for the first quarter ended March 31, 2025, as detailed in an accompanying press release (Exhibit 99.1). While the 8-K itself does not contain the detailed financial figures, it serves as the official notification of these results, which investors should review in the furnished press release for a comprehensive understanding of the company's performance during the period. Investors are advised to access Exhibit 99.1 for specifics on revenue, earnings per share, and other key financial metrics. In addition to the quarterly results, the report also announced a key capital allocation decision: the Board of Directors has declared a quarterly dividend of $0.01 per share of common stock. This dividend is scheduled to be paid on June 2, 2025, to shareholders of record as of May 19, 2025. This dividend declaration, while modest, provides visibility into the company's approach to returning capital to its shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Corporate Update (Mar 7, 2025)
Affiliated Managers Group, Inc. (AMG) has filed a prospectus supplement on March 7, 2025, to extend its $500 million Equity Distribution Program. This action follows the filing of a new shelf registration statement on Form S-3 on February 28, 2025. The new program supersedes a prior one established in May 2022, under which no shares were issued or sold. While AMG has no immediate plans to sell shares under the new program, the extension provides flexibility to do so in the future if market conditions or strategic needs arise.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Feb 6, 2025)
Affiliated Managers Group, Inc. (AMG) has filed an 8-K detailing its financial and operating results for the fiscal year and quarter ended December 31, 2024. The filing includes a press release that contains key financial information, though specific details of these results are not provided in the 8-K text itself, other than the dividend declaration. Investors should refer to the furnished Exhibit 99.1, the earnings press release, for the detailed financial and operating performance data. In addition to the financial results, the company announced its Board of Directors has authorized and declared a quarterly dividend of $0.01 per share of common stock. This dividend is scheduled to be paid on March 4, 2025, to shareholders of record as of February 18, 2025. This indicates a continued commitment to returning capital to shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Feb 3, 2025)
Affiliated Managers Group, Inc. (AMG) announced a change in its Board of Directors via an 8-K filing on February 3, 2025. Effective immediately as of January 30, 2025, Reuben Jeffery III has retired from the Board. This departure marks the end of Mr. Jeffery's tenure, during which he provided strategic insights and guidance to the company. The company expressed gratitude for his service.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Nov 15, 2024)
Affiliated Managers Group, Inc. (AMG) announced on November 15, 2024, a significant update to its financial flexibility through a Third Amended and Restated Credit Agreement. This agreement establishes a $1.25 billion senior unsecured multicurrency revolving credit facility, extending its maturity to November 15, 2029. This facility offers substantial room for operational and strategic initiatives, with an option to increase commitments by an additional $500 million, providing considerable dry powder for future growth and shareholder returns. The proceeds from this credit facility are earmarked for a variety of general corporate purposes, including working capital, strategic investments in existing and new affiliates, debt repayment, share repurchases, and dividend payments. This broad flexibility underscores the company's confidence in its financial management and its commitment to enhancing shareholder value through both organic growth and capital allocation strategies. The agreement, however, includes standard financial and negative covenants, which investors should review for specific limitations and potential triggers.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Nov 4, 2024)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on November 4, 2024, primarily to report its financial and operating results for the quarter ended September 30, 2024. The key information for investors is contained within the furnished press release (Exhibit 99.1), which details the company's performance during the period. While the full details are in the press release, this filing serves as official notification of the results being made public. In addition to the quarterly results, the 8-K also announced a routine quarterly dividend declaration. The Board of Directors authorized a dividend of $0.01 per share of common stock, with a payment date of November 29, 2024, and a record date of November 14, 2024. This information is relevant for income-focused investors holding AMG stock.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Aug 20, 2024)
Affiliated Managers Group, Inc. (AMG) announced the successful issuance and sale of $400 million aggregate principal amount of 5.500% Senior Notes due 2034 on August 20, 2024. This offering was conducted under a shelf registration statement and structured through an underwriting agreement with Barclays Capital Inc., BofA Securities, Inc., and Citigroup Global Markets Inc. The proceeds are earmarked for debt repayment or refinancing, with potential allocations for share repurchases and investments in investment management firms. These senior notes represent unsecured and unsubordinated obligations of the company, maturing on August 20, 2034. The notes carry a fixed annual interest rate of 5.500%, payable semi-annually. The indenture includes provisions for make-whole redemptions, limitations on fundamental corporate changes such as mergers or asset sales, and a requirement for a repurchase offer upon certain change of control events. This issuance signals AMG's proactive approach to managing its capital structure and funding its strategic initiatives.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Aug 2, 2024)
Affiliated Managers Group, Inc. (AMG) has announced a significant leadership transition involving Rizwan M. Jamal, who will be retiring as Head of Affiliate Investments effective January 3, 2025. While stepping down from this operational role, Mr. Jamal will continue to contribute to AMG in a new capacity as Managing Director, Affiliate Partnerships. This move signifies a planned succession and retains valuable institutional knowledge within the company.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Jul 29, 2024)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on July 29, 2024, to announce its financial and operating results for the quarter ended June 30, 2024, as detailed in an accompanying press release (Exhibit 99.1). While the full financial details are in the press release, the 8-K specifically highlights key capital allocation decisions made by the Board of Directors. Investors should note the declaration of a quarterly dividend and a significant expansion of the company's share repurchase authorization. These actions signal the company's ongoing commitment to returning capital to shareholders and a belief in the value of its own stock.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Shareholder Vote Results (May 24, 2024)
Affiliated Managers Group, Inc. (AMG) filed an 8-K report on May 24, 2024, detailing the outcomes of its Annual Meeting of Stockholders held on May 22, 2024. The primary focus of the filing is the voting results on key corporate matters, including the election of directors, advisory approval of executive compensation, and ratification of the independent auditor. The meeting confirmed strong shareholder support for the company's leadership and financial oversight.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (May 6, 2024)
Affiliated Managers Group, Inc. (AMG) announced its first-quarter 2024 financial and operating results on May 6, 2024, through a press release. While the full details of the results are contained within the press release (Exhibit 99.1), the 8-K filing highlights specific information for investors. Notably, the company's Board of Directors declared a quarterly dividend of $0.01 per share, demonstrating a continued commitment to returning capital to shareholders. The dividend is payable on May 30, 2024, to shareholders of record as of May 16, 2024. The filing clarifies that certain financial highlights and tables within the press release are considered 'filed' under SEC regulations, meaning they are subject to liability under Section 18 of the Securities Exchange Act of 1934. The remainder of the press release content is being 'furnished,' which carries less regulatory scrutiny. Investors should refer to Exhibit 99.1 for a comprehensive understanding of AMG's quarterly performance.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Mar 25, 2024)
Affiliated Managers Group, Inc. (AMG) has announced significant leadership changes within its executive team, effective April 1, 2024. Thomas M. Wojcik is transitioning from Chief Financial Officer (CFO) to the newly appointed role of Chief Operating Officer (COO), where he will focus on capital formation capabilities. This move sees Dava E. Ritchea appointed as the new CFO, succeeding Mr. Wojcik. Ms. Ritchea brings substantial financial leadership experience, having previously served as CFO at Sculptor Capital Management Inc. and Assured Investment Management LLC. These appointments signal a strategic realignment within AMG's operational and financial leadership. Mr. Wojcik's transition to COO suggests an increased focus on growth and capital generation, while Ms. Ritchea's extensive background in finance is expected to strengthen the company's financial management and capital strategies. Investors should monitor how these changes impact the company's strategic initiatives and financial performance moving forward.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Mar 20, 2024)
Affiliated Managers Group, Inc. (AMG) announced on March 20, 2024, the successful issuance and sale of $450 million in aggregate principal amount of 6.750% Junior Subordinated Notes due 2064. This offering was completed under their existing shelf registration statement. The notes are unsecured and subordinate to other debt obligations, with a long maturity of 40 years. These proceeds are earmarked for general corporate purposes, including potential debt repayment, share repurchases, and strategic investments in investment management firms. The company retains the right to defer interest payments, a common feature in junior subordinated debt, and has call options starting in March 2029, subject to specific conditions. Investors should note the long-term nature of this debt and the associated subordination risk.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Feb 5, 2024)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on February 5, 2024, primarily to announce its financial and operating results for the fourth quarter and full year ended December 31, 2023. While the full details of the results are available in the furnished press release (Exhibit 99.1), the 8-K itself highlights key financial information. Investors should note that specific financial tables from the press release are officially filed with the SEC and incorporated by reference into other filings, indicating their significance for ongoing disclosures.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Nov 6, 2023)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on November 6, 2023, primarily reporting its financial and operating results for the third quarter ended September 30, 2023, as detailed in an accompanying press release (Exhibit 99.1). While the specific financial metrics from the press release are not detailed within the 8-K itself, the filing also announced key capital allocation decisions by the Board of Directors. Investors should refer to the furnished press release for detailed quarterly performance. Of particular note for investors, AMG's Board declared a quarterly dividend of $0.01 per share, payable on November 30, 2023. Furthermore, the Company announced a new, substantial share repurchase authorization, allowing for the purchase of up to 3.25 million shares. This, combined with existing authorizations, brings the total available for repurchase to approximately 5 million shares, indicating management's confidence and commitment to returning capital to shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Sep 25, 2023)
Affiliated Managers Group, Inc. (AMG) announced a strategic addition to its Board of Directors with the appointment of Loren M. Starr as an independent director, effective immediately. Mr. Starr brings extensive financial leadership experience, having served as Chief Financial Officer (CFO) for 15 years at Invesco Ltd. and previously as CFO at Janus Capital Group Inc. His background also includes senior corporate finance roles at prominent financial institutions like Putnam Investments, Lehman Brothers, and Morgan Stanley. This appointment is likely aimed at leveraging Mr. Starr's deep financial expertise and public company board experience to enhance corporate governance and strategic oversight. Investors can view this as a positive step towards strengthening the company's financial acumen at the board level, particularly given his track record in financial management and advisory roles within the asset management industry. Mr. Starr will participate in the company's standard director compensation and indemnification agreements.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Jul 26, 2023)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on July 26, 2023, primarily to report its financial and operating results for the quarter ended June 30, 2023, through an accompanying press release (Exhibit 99.1). While the press release details are furnished, specific financial highlights and tables within it are considered filed, making them subject to Section 18 of the Securities Exchange Act of 1934. This indicates that investors should pay close attention to these disclosed figures as they are formally part of the SEC filing. Beyond the quarterly results, the filing also announced a routine quarterly dividend declaration. The Board of Directors authorized a dividend of $0.01 per share of common stock, payable on August 21, 2023, to shareholders of record as of August 7, 2023. This information is standard for publicly traded companies and signals ongoing capital return to shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Shareholder Vote Results (May 30, 2023)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 30, 2023, detailing the outcomes of its Annual Meeting of Stockholders held on May 25, 2023. The report indicates strong shareholder support for the election of directors, with all nominees receiving at least 96% of the votes cast. This reflects confidence in the current board's leadership and governance. Furthermore, shareholders overwhelmingly approved the company's executive compensation through a non-binding advisory vote, with 98% of votes in favor. In a separate advisory vote on the frequency of executive compensation reviews, shareholders recommended an annual vote, which the company has committed to following. The selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm was also ratified with 91% of shareholder approval, signaling continued trust in the company's auditing process.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (May 1, 2023)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 1, 2023, primarily to report its financial and operating results for the first quarter ended March 31, 2023. The report references a press release (Exhibit 99.1) containing these results, although specific portions of this exhibit are designated as "filed" rather than "furnished," indicating a higher degree of SEC scrutiny and incorporation into other filings. Investors should refer to Exhibit 99.1 for detailed financial performance and operational metrics from the quarter. In addition to the quarterly results, the filing also disclosed the declaration of a quarterly dividend of $0.01 per share of common stock. This dividend is scheduled to be paid on May 25, 2023, to shareholders of record as of May 11, 2023. This action signals continued commitment to returning capital to shareholders, a key consideration for income-focused investors.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Feb 6, 2023)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on February 6, 2023, primarily to report its financial and operating results for the quarter and year ended December 31, 2022, through an accompanying press release furnished as Exhibit 99.1. While the full details of the financial results are within the press release, the 8-K itself highlights the declaration of a quarterly dividend. Investors can find key performance metrics and financial condition details within the furnished press release, which is incorporated by reference into certain SEC filings.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Dec 30, 2022)
Affiliated Managers Group, Inc. (AMG) announced a significant leadership transition effective December 31, 2022. David M. Billings, the long-serving General Counsel, has given notice of his retirement from that role. While stepping down as General Counsel, Mr. Billings will continue to support the company in a new capacity as Senior Advisor, ensuring continuity and leveraging his extensive experience. This change marks the end of Mr. Billings' tenure as General Counsel, during which he played a key role in the company's development. The CEO, Jay C. Horgen, expressed gratitude for Mr. Billings' contributions and highlighted his dedication to the company and its shareholders. Investors should view this as a planned succession, with the company aiming to maintain stability through Mr. Billings' continued advisory role.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Nov 21, 2022)
Affiliated Managers Group, Inc. (AMG) announced on November 21, 2022, that it has entered into amendments to its credit agreements. These amendments are primarily focused on extending the maturity of its revolving credit facility and transitioning away from LIBOR as a benchmark interest rate to a Term SOFR-based rate for both its revolving credit facility and term loan facility. These changes are expected to provide greater financial flexibility and align with evolving market standards for interest rate benchmarks. For investors, the extension of the revolving credit facility's maturity by one year to October 25, 2027, provides a longer runway for operational funding and strategic initiatives. The shift from LIBOR to SOFR is a significant market development that impacts the cost and predictability of borrowing for many companies. By proactively addressing this transition, AMG demonstrates its commitment to adapting to financial market changes and potentially mitigating future risks associated with LIBOR cessation.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Nov 7, 2022)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on November 7, 2022, primarily to announce its financial and operating results for the third quarter ended September 30, 2022, via an accompanying press release (Exhibit 99.1). While the specific financial metrics from the press release are not detailed in the 8-K text itself, the filing indicates the company is actively returning capital to shareholders and reinforcing its commitment to value creation. Key investor-relevant announcements include the declaration of a quarterly dividend of $0.01 per share, payable in December, and the authorization of a new share repurchase program allowing for the acquisition of up to 3.0 million additional shares. This, combined with existing authorizations, brings the total available for repurchase to 5.8 million shares, with no expiration date, signaling management's confidence in the company's valuation and its strategy to enhance shareholder returns.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Corporate Update (Oct 18, 2022)
Affiliated Managers Group, Inc. (AMG) has officially completed the sale of its equity interest in Baring Private Equity Asia (BPEA) to EQT AB. This significant transaction, initially announced in March 2022, resulted in AMG receiving substantial pre-tax consideration of $240.0 million in cash, along with 28.68 million ordinary shares of EQT. This sale represents a strategic divestment, allowing AMG to monetize its investment in BPEA while also positioning itself to benefit from future potential upside through retained interests in certain existing BPEA funds. The EQT shares received are subject to standard market practices, with 25% of the shares having a six-month lock-up period, indicating a controlled reentry into the market for these securities.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Aug 1, 2022)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on August 1, 2022, primarily to report its financial and operating results for the second quarter ended June 30, 2022. The accompanying press release, furnished as Exhibit 99.1, contains key financial tables and highlights for the period. Investors should note that specific financial tables within this press release are considered "filed" for SEC purposes, meaning they are subject to liability under Section 18 of the Securities Exchange Act of 1934. The rest of the press release is "furnished" and thus has different reporting implications. Beyond the quarterly results, the filing also discloses a routine event: the declaration of a quarterly dividend. The Board of Directors authorized a dividend of $0.01 per share of common stock, payable on August 25, 2022, to shareholders of record as of August 11, 2022. This indicates the company's ongoing commitment to returning capital to shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Shareholder Vote Results (May 31, 2022)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 31, 2022, detailing the results of its Annual Meeting of Stockholders held on May 27, 2022. The primary focus of the filing is the outcome of three key proposals voted upon by shareholders: the election of directors, a non-binding advisory vote on executive compensation, and the ratification of the company's independent registered public accounting firm. All proposals received strong support from the voting stockholders, indicating a general alignment between management and its shareholders on these critical governance matters. The election of directors saw all nominees approved with overwhelming affirmative votes, exceeding 97% of the votes cast for each individual. Similarly, the executive compensation plan received robust approval with 97% of the votes cast in favor. The company's choice of PricewaterhouseCoopers LLP as its independent auditor for the current fiscal year was also ratified by a significant majority, with 90% of the votes cast in favor. These strong voting results suggest a high level of confidence and satisfaction among AMG's stockholders regarding the company's leadership, compensation practices, and independent oversight.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Corporate Update (May 27, 2022)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 27, 2022, to announce the extension and replacement of its $500 million Equity Distribution Program. This program allows the company to offer and sell its common stock from time to time through a syndicate of agents, including Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC. The new program is established under a recently filed shelf registration statement on Form S-3. Importantly, no shares were issued or sold under the previous Equity Distribution Program, which has now been terminated. While AMG has no immediate plans to issue or sell shares under the new program, the option exists for future flexibility. The filing also details the execution of Forward Sale Agreements, which permit the company to engage in forward sales of its stock. Investors should note that the primary purpose of this filing is to ensure the company has an active equity financing facility available, rather than indicating an immediate intention to raise capital through equity issuance.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (May 2, 2022)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 2, 2022, to report its financial and operating results for the first quarter ended March 31, 2022. The press release, furnished as Exhibit 99.1, contains the detailed financial highlights and tables, which are deemed filed for SEC reporting purposes. While the 8-K itself doesn't provide the specific figures, it directs investors to the press release for comprehensive details on the company's performance during the quarter. Additionally, the filing announced a quarterly dividend of $0.01 per share of common stock, payable on May 26, 2022, to shareholders of record as of May 12, 2022. This dividend declaration is a key event communicated in the 8-K, indicating continued capital return to shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Regulation FD Disclosure (Mar 16, 2022)
Affiliated Managers Group, Inc. (AMG) announced a significant transaction on March 16, 2022, agreeing to sell its affiliate Baring Private Equity Asia (BPEA) to EQT AB for a total consideration of $1.1 billion. This consideration includes $240 million in cash and a substantial stake of 28.68 million EQT ordinary shares. The deal is expected to close in the fourth quarter of 2022, subject to customary closing conditions. This strategic divestiture is a key event for AMG, as it aims to monetize a significant holding and realign its capital structure and growth strategy. AMG plans to utilize approximately 40% of the gross proceeds to cover taxes and repay debt, with the remaining 60% earmarked for future growth investments and share repurchases. This indicates a focus on both deleveraging and returning value to shareholders. A six-month lock-up period on 25% of the EQT shares received highlights the company's commitment to the ongoing partnership and potential belief in EQT's future performance.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Feb 7, 2022)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on February 7, 2022, to report its financial and operating results for the fourth quarter and full year ended December 31, 2021. While the full financial details are presented in an accompanying press release (Exhibit 99.1), the filing highlights key capital allocation decisions by the Board of Directors. These include the authorization of a quarterly dividend and a significant expansion of the company's share repurchase program, indicating a commitment to returning value to shareholders.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Nov 1, 2021)
Affiliated Managers Group, Inc. (AMG) filed an 8-K on November 1, 2021, to report its financial and operating results for the quarter ended September 30, 2021. While the full details of the earnings are presented in an attached press release (Exhibit 99.1), the filing itself highlights key information regarding the company's performance and shareholder distributions. In addition to the quarterly results, the press release also announced a quarterly dividend declaration. This provides investors with important information on both the company's operational success and its commitment to returning value to shareholders through dividends. Investors should review the furnished press release for a comprehensive understanding of AMG's financial performance and strategic outlook.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Oct 26, 2021)
Affiliated Managers Group, Inc. (AMG) has executed an amendment and restatement of its credit facilities, enhancing its financial flexibility. On October 25, 2021, the company entered into a Second Amended and Restated Credit Agreement for a $1.25 billion revolving credit facility and a Fourth Amended and Restated Term Credit Agreement for a $350 million term loan. Both facilities mature in October 2026 and are with Bank of America, N.A. This strategic move allows for potential increases in borrowing capacity, up to an additional $500 million for the revolving facility and $75 million for the term loan, subject to certain conditions. The extended maturity dates and increased capacity provide AMG with substantial resources to support its ongoing operations and strategic initiatives. The revolving credit facility's proceeds are earmarked for general corporate purposes, including working capital, investments in affiliates, debt repayments, share repurchases, and dividend payments. The filing also notes the inclusion of customary financial covenants, affirmative and negative covenants, and events of default, with provisions for LIBOR succession, all designed to ensure prudent financial management while maintaining operational flexibility.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Financial Results (Jul 28, 2021)
Affiliated Managers Group, Inc. (AMG) has filed an 8-K report on July 28, 2021, primarily to announce its financial and operating results for the quarter ended June 30, 2021, via a press release. While the full details of the results are contained within the furnished press release (Exhibit 99.1), the filing also explicitly states that certain financial highlights and tables within this press release are considered 'filed' with the SEC, meaning they are subject to liability under Section 18 of the Securities Exchange Act of 1934. This distinction is important for investors as it signifies legally reviewed financial data. Additionally, the report discloses a material event: the authorization and declaration of a quarterly dividend of $0.01 per share of common stock. This dividend is payable on August 20, 2021, to shareholders of record as of August 6, 2021. This direct communication regarding both operational performance and shareholder returns provides key information for investors to assess the company's current financial health and commitment to returning value to its owners.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Jul 21, 2021)
Affiliated Managers Group, Inc. (AMG) announced a significant addition to its Board of Directors with the appointment of David C. Ryan as an independent director, effective immediately. Mr. Ryan brings extensive experience from his 22-year tenure at Goldman Sachs & Co., where he held prominent leadership roles in Asia and the United States, including President of Goldman Sachs Asia and membership on the firm's Management Committee. His advisory role with Singapore-based Temasek Holdings and directorships on other notable boards, such as ADT Inc., further underscore his financial and corporate governance expertise.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Jul 13, 2021)
Affiliated Managers Group, Inc. (AMG) has announced the completion of a $200 million issuance of 4.200% Junior Subordinated Notes due 2061. These notes are unsecured and junior subordinated obligations of the company, with a maturity date of September 30, 2061. The interest rate is fixed at 4.200% per annum, payable quarterly, though the company retains the right to defer payments as outlined in the prospectus supplement. The net proceeds from this issuance are earmarked for general corporate purposes, which may include debt repayment, share repurchases, and strategic investments in investment management firms. The company has the option to redeem the notes starting September 30, 2026, at par, with provisions for early redemption under specific tax or rating agency events. This financing provides AMG with additional capital flexibility for its ongoing strategic initiatives and operational needs.
AFFILIATED MANAGERS GROUP, INC. 8-K Report, Material Agreement (Jun 11, 2021)
Affiliated Managers Group, Inc. (AMG) filed a Form 8-K on June 11, 2021, detailing two primary events. The company entered into a Second Amendment to its Term Credit Agreement, which, while not altering commercial terms, importantly reduces applicable interest rates. This move could positively impact the company's borrowing costs and profitability. Additionally, the filing reports the outcomes of AMG's Annual Meeting of Stockholders held on June 9, 2021. Key proposals, including the election of directors, a non-binding advisory vote on executive compensation, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm, were all approved by the stockholders. This indicates continued shareholder confidence in the company's leadership and governance.