8-KLeadership ChangesExhibits & Filings

AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Aug 3, 2020)

Filed August 3, 2020For Securities:AMGMGRBMGRMGRDMGRE

Summary

Affiliated Managers Group, Inc. (AMG) announced a significant change to its Board of Directors with the appointment of Tracy A. Atkinson, effective August 3, 2020. Ms. Atkinson brings a wealth of experience from her extensive career in financial services, including significant leadership roles at State Street Corporation and MFS Investment Management, along with her background as a Partner at PricewaterhouseCoopers. Her expertise spans compliance, treasury, finance, and strategic administration, which is expected to be valuable to AMG's governance and strategic direction. This appointment is notable given Ms. Atkinson's current and past service on the boards of major corporations such as United States Steel Corporation and Raytheon Technologies. Investors can view this as a move to enhance board oversight and leverage new perspectives within the company. Ms. Atkinson will be compensated under the Company’s standard director compensation program, with no special arrangements or familial ties reported, ensuring a standard and professional integration into the board.

Key Highlights

  • 1Appointment of Tracy A. Atkinson to the Board of Directors effective August 3, 2020.
  • 2Ms. Atkinson has a strong background in financial services, including executive roles at State Street Corporation and MFS Investment Management.
  • 3Her experience includes Chief Compliance Officer, Treasurer, Chief Administrative Officer, and Senior Vice President roles.
  • 4Ms. Atkinson previously served as a Partner at PricewaterhouseCoopers.
  • 5She currently serves on the boards of United States Steel Corporation and Raytheon Technologies.
  • 6Ms. Atkinson will participate in the Company’s customary director compensation program.
  • 7No undisclosed arrangements or familial relationships were reported concerning her appointment.

Frequently Asked Questions

Tracy A. Atkinson is a newly appointed member of AMG's Board of Directors. She retired from State Street Corporation in March 2020 after 12 years, holding leadership positions such as Chief Compliance Officer, Treasurer, and Chief Administrative Officer. Prior to State Street, she held senior financial roles at MFS Investment Management and was a Partner at PricewaterhouseCoopers.

Ms. Atkinson's appointment is significant as she brings extensive experience in financial services leadership, corporate governance, compliance, and finance. Her background with major financial institutions and her current board memberships at other public companies suggest a strengthening of AMG's board oversight and strategic advisory capabilities.

Ms. Atkinson will be compensated according to AMG's standard director compensation program, as outlined in the Company's proxy statement and SEC filings. There are no special compensation arrangements or understandings reported related to her appointment.

The filing states there are no arrangements or understandings between Ms. Atkinson and any other person regarding her election, and no familial relationships with AMG's directors or executive officers. This indicates a standard appointment focused on her professional qualifications.