8-KLeadership Changes

AFFILIATED MANAGERS GROUP, INC. 8-K Report, Executive Changes (Feb 12, 2026)

Filed February 12, 2026For Securities:AMGMGRBMGRMGRDMGRE

Summary

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.

Key Highlights

  • 1Thomas M. Wojcik, President and COO, is departing effective March 6, 2026.
  • 2Mr. Wojcik's responsibilities will be absorbed by the existing senior leadership team.
  • 3Total cash payments to Mr. Wojcik are expected to be $5,025,000 in 2026.
  • 4An additional $11,050,000 payment is scheduled for Q1 2027, subject to ongoing obligations.
  • 5Mr. Wojcik will not receive incentive compensation for 2025 or 2026.
  • 6All outstanding unvested equity awards held by Mr. Wojcik will be cancelled on his departure date.

Frequently Asked Questions

The primary financial impact is the separation package totaling $16,075,000 in cash payments to Mr. Wojcik, spread across 2026 and early 2027. This amount is contingent on his adherence to separation agreement terms, including non-compete and non-solicitation clauses. AMG will also incur the administrative cost of reallocating his duties.

The filing indicates that Mr. Wojcik will not receive incentive compensation for 2025 or 2026, and his unvested equity awards will be cancelled upon departure. This is likely a standard component of his separation agreement, reflecting his status as a departing executive and ensuring his continued cooperation and adherence to post-employment restrictions.

Mr. Wojcik must execute and re-execute a separation and release agreement that includes provisions for non-competition, non-solicitation, and confidentiality. Furthermore, the second tranche of payment ($11,050,000) is contingent on his satisfactory fulfillment of ongoing obligations to the Company through early 2027, specifically including his engagement in competitive activity.

The company has stated that Mr. Wojcik's responsibilities will be allocated to other members of the senior leadership team. This suggests a focus on internal resource redistribution rather than an immediate external hire for the President and COO roles.