Summary
Affiliated Managers Group, Inc. (AMG) filed an 8-K report on July 26, 2006, to announce two key corporate events. The company reported its financial and operating results for the quarter ended June 30, 2006, through a press release furnished as an exhibit. Additionally, the Board of Directors authorized a new share repurchase program, allowing AMG to buy back up to an additional 5% of its outstanding common stock.
Key Highlights
- 1AMG announced its financial results for the second quarter ended June 30, 2006.
- 2The company's Board of Directors approved a new share repurchase program.
- 3The repurchase program allows for the acquisition of up to an additional 5% of AMG's currently issued and outstanding common stock.
- 4The repurchases can be conducted through open market transactions or privately negotiated deals.
- 5The press release detailing the Q2 2006 results is furnished as Exhibit 99.1.
- 6The press release announcing the share repurchase program is furnished as Exhibit 99.2.
Frequently Asked Questions
The main announcements in this 8-K filing are the release of Affiliated Managers Group's financial and operating results for the quarter ended June 30, 2006, and the authorization of a new share repurchase program.
Under the new program, AMG is authorized to repurchase up to an additional five percent (5%) of its currently issued and outstanding shares of common stock.
AMG may purchase shares through open market transactions or privately negotiated transactions.
The details of the Q2 2006 financial results are provided in a press release issued by the company on July 26, 2006, which is furnished as Exhibit 99.1 to this 8-K filing.