8-KLeadership ChangesExhibits & Filings

AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Mar 20, 2019)

Filed March 20, 2019For Securities:AMGMGRBMGRMGRDMGRE

Summary

Affiliated Managers Group, Inc. (AMG) announced a significant leadership change within its finance department, appointing Thomas M. Wojcik as its new Chief Financial Officer (CFO). Mr. Wojcik, a seasoned executive with extensive experience from BlackRock, Inc., where he held multiple senior finance and strategy roles, will officially join AMG on April 22, 2019, as Executive Vice President, Finance, transitioning to CFO thereafter. He will report to President Jay C. Horgen, who will continue as President after a brief interim period as CFO ending with the company's Q2 2019 earnings announcement. The appointment of Mr. Wojcik signals a strategic move to strengthen AMG's financial leadership. His compensation package includes a base salary of $500,000, eligibility for 2019 incentive compensation, and a substantial equity award valued at $4 million granted by July 31, 2019, designed to align his interests with long-term stockholder value. This transition underscores AMG's commitment to robust financial management and executive talent acquisition.

Key Highlights

  • 1Thomas M. Wojcik appointed as the new Chief Financial Officer (CFO).
  • 2Jay C. Horgen will transition from CFO to President role by Q2 2019 earnings announcement.
  • 3Wojcik joins from BlackRock, Inc., bringing significant experience in finance, strategy, and investor relations.
  • 4Wojcik's compensation includes a $500,000 annual base salary and a $4 million equity award.
  • 5The equity award aims to incentivize Wojcik and align his interests with long-term stockholder value.
  • 6Wojcik's start date is April 22, 2019, initially as Executive Vice President, Finance.
  • 7No undisclosed arrangements or familial relationships exist between Wojcik and existing AMG directors or officers.

Frequently Asked Questions

Thomas M. Wojcik has been appointed as the new Chief Financial Officer (CFO) of Affiliated Managers Group, Inc. (AMG). He will join the company on April 22, 2019, as Executive Vice President, Finance, and will transition into the CFO role thereafter.

Jay C. Horgen, who is currently President and CFO, will continue as President of AMG. He will serve as interim CFO until no later than the announcement of the company's earnings for the second quarter of 2019.

Mr. Wojcik will receive an annual base salary of $500,000. He is eligible for 2019 incentive compensation and will receive an additional equity grant valued at $4 million by July 31, 2019, to align his interests with stockholders and compensate for forfeited equity from his previous employer.

Thomas M. Wojcik joins AMG from BlackRock, Inc., where he held senior positions including Managing Director and CFO for EMEA, Head of EMEA Strategy, and Global Head of Investor Relations. He also served on several of BlackRock's executive committees.