01—Abstract
Summary
Summary of the 8-K filed June 6, 2025. Cited figures are marked; the original filing is the authoritative source.
Affiliated Managers Group (AMG) filed an 8-K on June 6, 2025 disclosing that Thomas M.
Wojcik was appointed President of the Company effective June 3, 2025, while retaining his role as Chief Operating Officer. Jay C. Horgen, who had been President and CEO, will continue as Chief Executive Officer, so the change expands Wojcik's responsibilities rather than replacing Horgen.
The filing describes Wojcik as a co-developer of AMG's growth strategy, and he will continue to report to Horgen. Wojcik joined AMG in 2019 from BlackRock and served as CFO from 2019 through 2024 before becoming COO in 2024. The Compensation Committee approved a one-time restricted stock unit award under the 2020 Equity Incentive Plan with a grant-date fair value of $5.0 milliona.
The award vests in March 2030 and is fully subject to performance-based conditions, which is intended to tie his compensation to long-term value creation. Details required under Regulation S-K Items 401 and 404 are incorporated by reference from AMG's April 11, 2025 proxy statement, so the 8-K itself adds limited new governance detail. The press release also highlights strategic positioning.
Management said private markets and liquid alternative strategies now contribute half of AMG's earnings, and aggregate AUM was approximately $712 billionb as of March 31, 2025. For investors, the key takeaways are a succession-oriented leadership expansion with clear CEO continuity and a long-dated, performance-contingent incentive, rather than any change to financial results or guidance.
02—Key points
Key Highlights
- Thomas M. Wojcik was appointed President effective June 3, 2025, in addition to his role as Chief Operating Officer.
- Jay C. Horgen remains Chief Executive Officer, so CEO continuity is preserved and the change expands Wojcik's role rather than replacing a leader.
- Wojcik received a one-time RSU award under the 2020 Equity Incentive Plan with a grant-date fair value of $5.0 million.
- The RSU award vests in March 2030 and is fully subject to performance-based conditions, aligning his pay with long-term value creation.
- Wojcik has deep finance and strategy experience, including prior service as CFO (2019-2024) and roles at BlackRock.
- Management states that private markets and liquid alternative strategies now contribute half of AMG's earnings.
- AMG reported aggregate AUM of approximately $712 billion as of March 31, 2025.
03—Questions
Frequently Asked Questions
Does this change mean Jay Horgen is leaving AMG?
No. The filing and press release state that Horgen continues as Chief Executive Officer. Wojcik's appointment as President adds to his responsibilities, and he will continue to report to Horgen.
What is Thomas Wojcik's background?
He joined AMG in 2019 from BlackRock, where he held senior roles including Global Head of Corporate Development and Investor Relations and CFO for EMEA. He served as AMG's CFO from 2019 through 2024 and was named COO in 2024. He earlier worked in investment roles at partner-owned alternative asset managers and began his career in investment banking at Merrill Lynch.
How is Wojcik's new equity award structured?
It is a one-time RSU grant under the 2020 Equity Incentive Plan with a fair value at grant of $5.0 million. It vests in March 2030 and is fully subject to performance-based conditions.
Does the filing change AMG's financial guidance or results?
No. The 8-K covers an executive appointment and compensation award, and it furnishes a press release under Item 7.01. It does not report new financial results or guidance changes.
Where can investors find more detail on Wojcik's background and related-party disclosures?
The 8-K incorporates Item 401(b), (d), (e) and Item 404(a) disclosures by reference from AMG's definitive proxy statement on Schedule 14A filed April 11, 2025.
04—Continue