AMG SEC Filings

Affiliated Managers Group, Inc. (AMG) reported strong financial performance for the six months ended June 30, 2026. Consolidated revenue surged by 20% year-over-year to $1,185.6 million, driven by a 14% increase in asset-based fees and a 6% rise in performance-based fees. Net income attributable to controlling interest saw a significant 89% increase to $296.3 million, reflecting robust growth across its investment strategies, particularly in liquid alternatives and multi-asset/fixed income. The company's assets under management (AUM) also experienced substantial growth, reaching $942.4 billion as of June 30, 2026, a 22% increase from the prior year. This growth was attributed to strong net client cash flows and market appreciation, with a particular demand for alternative strategies. AMG continues to strategically invest in both new and existing affiliates to further diversify its business and capitalize on market trends.

Affiliated Managers Group, Inc. (AMG) has filed an 8-K report on July 30, 2026, primarily to announce its financial and operating results for the quarter ended June 30, 2026, through a press release furnished as Exhibit 99.1. While the full details of the financial performance are within the press release, the 8-K itself focuses on the official disclosure of these results and a related event. Investors should refer to the furnished press release for comprehensive earnings data and operational commentary. In addition to the financial results, the report also disclosed a significant corporate action: the Board of Directors has authorized and declared a quarterly dividend of $0.01 per share of common stock. This dividend is set to be paid on August 24, 2026, to stockholders of record as of August 10, 2026. This indicates the company's continued commitment to returning capital to its shareholders, though the per-share amount is modest.

Affiliated Managers Group, Inc. (AMG) announced on June 9, 2026, the execution of a Fourth Amended and Restated Credit Agreement, significantly enhancing its financial flexibility. This new agreement establishes a $1.25 billion senior unsecured multicurrency revolving credit facility with a maturity date of June 9, 2031. The facility replaces the company's previous credit agreement and provides a substantial increase in borrowing capacity, with an option to further expand commitments by up to $750 million, subject to certain conditions. This move is strategically important for managing working capital, funding strategic investments in affiliates, repaying debt, and supporting shareholder returns through stock repurchases and dividend payments. The updated credit agreement includes customary financial covenants related to leverage and interest coverage, alongside standard affirmative and negative covenants that govern actions such as priority indebtedness, asset dispositions, and fundamental corporate changes. While these covenants impose restrictions, the agreement incorporates specific thresholds and exceptions to provide operational flexibility. Investors should view this amendment as a positive step, demonstrating AMG's proactive approach to managing its capital structure and supporting its ongoing business objectives.

Affiliated Managers Group, Inc. (AMG) held its Annual Meeting of Stockholders on May 27, 2026, where key corporate matters were presented to and voted upon by shareholders. The meeting resulted in overwhelmingly positive outcomes for all proposals, indicating strong shareholder confidence in the company's leadership and strategic direction. The election of directors saw each nominee receive at least 97% of the votes cast, ensuring continuity and support for the existing board. Furthermore, shareholders provided robust approval for the compensation of the company's named executive officers through a non-binding advisory vote, with 98% of votes in favor. This strong endorsement suggests that investors are aligned with the company's executive remuneration policies. Finally, the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the current fiscal year was ratified by 94% of the votes, reinforcing trust in the company's financial oversight and reporting integrity.

Affiliated Managers Group, Inc. (AMG) reported strong financial performance for the three months ended March 31, 2026, with Net Income attributable to controlling interest soaring by 52% to $110.4 million, or $3.84 per diluted share, compared to $72.4 million, or $2.20 per diluted share, in the prior year period. This growth was driven by a significant 76% increase in revenue from equity method Affiliates, contributing to a 96% rise in Equity Method Income (Net). Consolidated revenue also saw a healthy 10% increase. The company highlighted substantial growth in Assets Under Management (AUM), which reached $882.0 billion, a 24% increase year-over-year, driven by strong inflows into alternative strategies, particularly private markets and liquid alternatives. Management's Discussion and Analysis indicates a strategic focus on these in-demand areas, positioning AMG to benefit from industry growth trends with a diversified business profile. While overall expenses rose by 11%, driven by compensation and related expenses (up 25%) and SG&A (up 13%), a notable decrease in intangible amortization and impairments (down 41%) provided a significant tailwind to profitability. The company also successfully navigated the redemption and cash settlement of its junior convertible securities, incurring associated expenses but strengthening its capital structure. AMG's liquidity remains robust, supported by operating cash flows and a significant revolving credit facility.

Affiliated Managers Group, Inc. (AMG) has filed an 8-K report on May 1, 2026, primarily announcing its financial and operating results for the quarter ended March 31, 2026, via an attached press release (Exhibit 99.1). Investors should note that key financial highlights and tables within this press release are considered "filed" under Section 18 of the Securities Exchange Act, meaning they are subject to liability under that section. The remainder of the press release is "furnished," carrying less regulatory weight. Beyond the earnings announcement, the report also disclosed that AMG's Board of Directors has authorized and declared a quarterly dividend of $0.01 per share. This dividend will be payable on May 26, 2026, to shareholders of record as of May 11, 2026. This information provides clarity on the company's capital return policy to its shareholders.

Affiliated Managers Group, Inc. (AMG) has announced a key change to its Board of Directors and a leadership update. Effective April 1, 2026, G. Staley Cates will join the Board as an independent director. Mr. Cates brings extensive experience from his long tenure at Southeastern Asset Management, Inc., where he held significant leadership roles including Vice Chairman and President, and possesses a Chartered Financial Analyst designation. His appointment is expected to enhance the Board's expertise, particularly given his background in investment management. In addition to Mr. Cates' appointment, the Company also announced the re-appointment of Jay C. Horgen as President, a role he will continue to hold alongside his position as Chief Executive Officer, effective April 1, 2026. Concurrently, Karen L. Alvingham will retire from the Board of Directors on the same date. These changes are being communicated via a press release filed with the SEC, highlighting the company's ongoing governance and leadership evolution.

Affiliated Managers Group, Inc. (AMG) reported strong performance in fiscal year 2025, with assets under management (AUM) growing 15% to $813.3 billion. This growth was driven by net client inflows, positive investment performance, and strategic partnerships with new affiliates, particularly in alternative strategies like private markets and liquid alternatives. The company's strategic shift towards alternatives is designed to enhance long-term organic growth and earnings stability. Financially, AMG saw a significant increase in net income (controlling interest) of 40% to $716.6 million, boosted by substantial affiliate transaction gains totaling $371.3 million and a 48% increase in equity method income. Adjusted EBITDA (controlling interest) also grew by 11% to $1.08 billion. The company maintained a solid financial position with a leverage ratio of 0.9x and ample liquidity. AMG continues to return capital to shareholders through share repurchases and dividends, demonstrating a commitment to shareholder value.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on February 12, 2026, primarily to announce its financial and operating results for the fiscal year and fourth quarter ended December 31, 2025. While specific financial figures are detailed in the furnished press release (Exhibit 99.1), the 8-K highlights key capital allocation decisions made by the Board of Directors. Investors should note the declaration of a quarterly dividend and a significant expansion of the share repurchase program. The company's Board authorized a quarterly dividend of $0.01 per share, payable in March 2026. More notably, AMG authorized an additional share repurchase program allowing for the buyback of up to 4.2 million shares. This new authorization, combined with remaining capacity from a prior program, provides a substantial pool of approximately 6 million shares available for repurchase. These buyback programs do not have an expiration date, signaling a consistent approach to returning capital to shareholders through both dividends and share repurchases.

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.

Affiliated Managers Group, Inc. (AMG) announced on December 11, 2025, the successful completion of a $425 million issuance of 5.500% Senior Notes due 2036. These notes are unsecured and unsubordinated obligations of the company, maturing on February 15, 2036, with semi-annual interest payments. The offering was conducted under a shelf registration statement and was supported by an underwriting agreement with BofA Securities, Citigroup Global Markets, and Wells Fargo Securities. The primary use of the net proceeds from this debt issuance is to fully redeem and settle obligations related to the company's 5.15% Convertible Trust Preferred Securities due 2037 of AMG Capital Trust II. Any remaining proceeds are earmarked for general corporate purposes. This transaction effectively refinances a portion of AMG's outstanding debt, potentially impacting its interest expense and capital structure.

Affiliated Managers Group, Inc. (AMG) announced on December 8, 2025, that it has issued a notice to redeem all outstanding 5.15% Convertible Trust Preferred Securities due 2037. The redemption is scheduled for December 29, 2025, with securities being repurchased at par value plus accrued interest. This action is a strategic move to simplify AMG's capital structure and maintain its long-duration debt profile.

Affiliated Managers Group, Inc. (AMG) reported a strong third quarter and year-to-date performance for the period ending September 30, 2025. Net income attributable to controlling interest saw a significant increase of 72% for the quarter and 6% year-to-date, driven by robust Affiliate transaction gains and growth in equity method income. Total consolidated revenue experienced a modest 2% increase for the quarter, with a slight increase year-to-date. However, total consolidated expenses rose by 9% for the quarter and 15% year-to-date, largely due to an increase in compensation and related expenses, particularly affiliate equity compensation. Despite increased expenses, the company demonstrated strong operational performance, with assets under management growing to $803.6 billion and aggregate fees increasing by 16% for the quarter. The company also maintained a solid liquidity position, with significant cash and cash equivalents and access to its revolving credit facility.

Affiliated Managers Group, Inc. (AMG) has filed an 8-K to report its financial and operating results for the quarter ended September 30, 2025. The key takeaway for investors is the declaration of a quarterly dividend of $0.01 per share, payable to shareholders of record by November 13, 2025. This indicates a continued commitment to returning capital to shareholders. While the press release containing the detailed financial and operating results is furnished as an exhibit, specific financial highlights and tables are officially filed and incorporated by reference into other SEC filings, making them subject to Section 18 of the Securities Exchange Act of 1934. Investors should refer to Exhibit 99.1 for a comprehensive understanding of the company's performance during the third quarter of 2025.

Affiliated Managers Group, Inc. (AMG) announced a significant change to its Board of Directors through an 8-K filing on August 14, 2025. Marcy Engel has been appointed as an independent director, effective September 30, 2025. Ms. Engel brings extensive experience from leadership roles at Sculptor Capital Management, Inc. and Eton Park Capital Management, L.P., including significant operational and legal expertise within the alternative investment sector. Her appointment is expected to bolster the board's capabilities, particularly in areas of governance and strategic oversight. Concurrently, the company also disclosed the upcoming retirement of director Dwight D. Churchill, also effective September 30, 2025. This transition marks a strategic refresh of the board composition. AMG has also furnished a press release detailing these changes, which is considered standard practice for such material announcements. Investors should note that Ms. Engel's compensation will align with the company's existing director compensation program and she will enter into the standard director indemnification agreement.

Affiliated Managers Group, Inc. (AMG) reported its financial results for the six months ended June 30, 2025. While consolidated revenue saw a slight year-over-year decrease, the company experienced growth in its assets under management (AUM), reaching $771.0 billion. The company's Net Income for the six months decreased significantly by 30% compared to the prior year, primarily due to a substantial increase in intangible amortization and impairments, which included a $70.0 million impairment charge on indefinite-lived acquired client relationships. However, Net income attributable to controlling interest saw a modest increase for the three-month period. The company continues to execute its strategy of investing in high-quality independent investment firms and noted strategic acquisitions and divestitures, including the sale of its interest in Peppertree and the agreement to sell a portion of its interest in Comvest. Despite the decrease in net income for the six-month period, driven by specific impairment charges, the underlying operational strength appears robust with AUM growth and an increase in consolidated revenue for the three-month period. The company's liquidity remains stable, with sufficient cash reserves and access to its revolving credit facility. Investors should monitor the impact of the intangible asset impairment charges and the ongoing integration of new investments and divestitures on future profitability.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on July 31, 2025, to report its financial and operating results for the quarter ended June 30, 2025. The press release detailing these results, furnished as Exhibit 99.1, is the primary driver of this filing. Investors should note that specific financial tables within the press release are deemed "filed" under Section 18 of the Securities Exchange Act of 1934 and incorporated by reference into the Company's Securities Act filings. In addition to the quarterly results, the filing also announced a customary quarterly dividend of $0.01 per share of common stock, payable to shareholders of record on August 11, 2025. This indicates continued commitment to returning capital to shareholders, although the specific financial performance figures for the quarter are detailed in the separate press release.

Affiliated Managers Group, Inc. (AMG) announced a significant leadership change via an 8-K filing on June 6, 2025. Effective June 3, 2025, Thomas M. Wojcik has been appointed President of the Company, while retaining his role as Chief Operating Officer. This move separates the President and CEO titles, with Jay C. Horgen continuing as Chief Executive Officer. This structural adjustment could signal a strategic shift in operational focus or executive responsibilities within the organization. In connection with his new role, Mr. Wojcik received a substantial one-time award of $5,000,000 in restricted stock units, vesting in March 2030 and contingent upon performance-based conditions. This equity grant is designed to align Mr. Wojcik's interests with long-term stockholder value creation. Investors should monitor how this new leadership structure impacts AMG's strategic execution and financial performance going forward.

Affiliated Managers Group, Inc. (AMG) held its Annual Meeting of Stockholders on May 22, 2025, with key outcomes focused on director elections, executive compensation, and the ratification of its independent auditor. The meeting provided a strong signal of shareholder confidence, with overwhelming support for the proposed slate of directors, each receiving at least 96% of the votes cast. This robust approval indicates that shareholders are comfortable with the current board's composition and oversight. Furthermore, shareholders overwhelmingly approved the company's executive compensation through a non-binding advisory vote, with 97% of votes cast in favor. This high level of support suggests alignment between management's pay practices and shareholder expectations. The company also ratified the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for the current fiscal year with 93% of the votes cast in favor, reinforcing confidence in the company's financial reporting and audit process.

Affiliated Managers Group, Inc. (AMG) has filed an 8-K report on May 8, 2025, primarily to disclose its financial and operating results for the first quarter ended March 31, 2025, as detailed in an accompanying press release (Exhibit 99.1). While the 8-K itself does not contain the detailed financial figures, it serves as the official notification of these results, which investors should review in the furnished press release for a comprehensive understanding of the company's performance during the period. Investors are advised to access Exhibit 99.1 for specifics on revenue, earnings per share, and other key financial metrics. In addition to the quarterly results, the report also announced a key capital allocation decision: the Board of Directors has declared a quarterly dividend of $0.01 per share of common stock. This dividend is scheduled to be paid on June 2, 2025, to shareholders of record as of May 19, 2025. This dividend declaration, while modest, provides visibility into the company's approach to returning capital to its shareholders.

Affiliated Managers Group, Inc. (AMG) reported a significant decrease in net income for the first quarter of 2025 compared to the prior year, primarily driven by a substantial increase in intangible amortization and impairments. Consolidated revenue saw a slight decrease of 1%, while aggregate fees from all affiliates experienced a more notable decline of 14%, largely due to lower performance-based fees. Despite these headwinds, assets under management (AUM) grew by 2% to $712.2 billion, with particular strength in alternatives (private markets and liquid alternatives). The company also completed several strategic minority investments in the period and announced a divestiture, indicating continued strategic repositioning. Operating cash flow remained stable, but investing activities turned negative due to new affiliate investments, and financing activities continued to utilize cash for share repurchases and distributions.

Affiliated Managers Group, Inc. (AMG) has filed a prospectus supplement on March 7, 2025, to extend its $500 million Equity Distribution Program. This action follows the filing of a new shelf registration statement on Form S-3 on February 28, 2025. The new program supersedes a prior one established in May 2022, under which no shares were issued or sold. While AMG has no immediate plans to sell shares under the new program, the extension provides flexibility to do so in the future if market conditions or strategic needs arise.

Affiliated Managers Group, Inc. (AMG) reported total assets under management (AUM) of $708 billion as of December 31, 2024, a 5% increase from the previous year, primarily driven by positive investment performance. Aggregate fees grew by 3% to $5.24 billion, supported by an increase in asset-based fees, though performance-based fees saw a decrease. The company's net income (controlling interest) for the year was $511.6 million, a 24% decrease compared to the prior year, impacted by a one-time gain in the previous year from the sale of an affiliate and a decrease in investment and other income. Adjusted EBITDA (controlling interest) showed resilience, increasing by 4% to $973.1 million, driven by new affiliate investments and performance fees. AMG continued its commitment to returning capital to shareholders, with approximately $710 million in share repurchases during the year. Strategically, AMG continues to focus on expanding its alternatives business, particularly in private markets and liquid alternatives, as evidenced by growth in these AUM categories. The company also highlighted its strong financial position, with a significant cash balance and access to its revolving credit facility. Key risk factors include competition, reliance on investment performance for fees, and potential impacts from market volatility, although the company's diversified affiliate base and strategy aim to mitigate these risks.

Affiliated Managers Group, Inc. (AMG) has filed an 8-K detailing its financial and operating results for the fiscal year and quarter ended December 31, 2024. The filing includes a press release that contains key financial information, though specific details of these results are not provided in the 8-K text itself, other than the dividend declaration. Investors should refer to the furnished Exhibit 99.1, the earnings press release, for the detailed financial and operating performance data. In addition to the financial results, the company announced its Board of Directors has authorized and declared a quarterly dividend of $0.01 per share of common stock. This dividend is scheduled to be paid on March 4, 2025, to shareholders of record as of February 18, 2025. This indicates a continued commitment to returning capital to shareholders.

Affiliated Managers Group, Inc. (AMG) announced a change in its Board of Directors via an 8-K filing on February 3, 2025. Effective immediately as of January 30, 2025, Reuben Jeffery III has retired from the Board. This departure marks the end of Mr. Jeffery's tenure, during which he provided strategic insights and guidance to the company. The company expressed gratitude for his service.

Affiliated Managers Group, Inc. (AMG) announced on November 15, 2024, a significant update to its financial flexibility through a Third Amended and Restated Credit Agreement. This agreement establishes a $1.25 billion senior unsecured multicurrency revolving credit facility, extending its maturity to November 15, 2029. This facility offers substantial room for operational and strategic initiatives, with an option to increase commitments by an additional $500 million, providing considerable dry powder for future growth and shareholder returns. The proceeds from this credit facility are earmarked for a variety of general corporate purposes, including working capital, strategic investments in existing and new affiliates, debt repayment, share repurchases, and dividend payments. This broad flexibility underscores the company's confidence in its financial management and its commitment to enhancing shareholder value through both organic growth and capital allocation strategies. The agreement, however, includes standard financial and negative covenants, which investors should review for specific limitations and potential triggers.

Affiliated Managers Group, Inc. (AMG) reported a decrease in Net income attributable to controlling interest to $123.6 million for the three months ended September 30, 2024, down from $217.0 million in the prior year period. For the nine months ended September 30, 2024, Net income attributable to controlling interest was $349.5 million, a decrease from $476.8 million in the same period last year. This decline is largely attributed to the absence of a significant gain from the Veritable transaction recognized in the prior year, coupled with a decrease in investment and other income. Despite the decline in net income, the company demonstrated growth in its key operating performance measures. Assets under management increased by 15% year-over-year to $728.4 billion as of September 30, 2024. Aggregate fees also saw a robust increase of 16% for the quarter and 6% for the year-to-date period, driven by strong performance in alternatives and liquid alternatives strategies. The company continues to strategically invest in its Affiliates and support their growth, focusing on private markets and liquid alternatives, aligning with long-term client demand trends.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on November 4, 2024, primarily to report its financial and operating results for the quarter ended September 30, 2024. The key information for investors is contained within the furnished press release (Exhibit 99.1), which details the company's performance during the period. While the full details are in the press release, this filing serves as official notification of the results being made public. In addition to the quarterly results, the 8-K also announced a routine quarterly dividend declaration. The Board of Directors authorized a dividend of $0.01 per share of common stock, with a payment date of November 29, 2024, and a record date of November 14, 2024. This information is relevant for income-focused investors holding AMG stock.

Affiliated Managers Group, Inc. (AMG) announced the successful issuance and sale of $400 million aggregate principal amount of 5.500% Senior Notes due 2034 on August 20, 2024. This offering was conducted under a shelf registration statement and structured through an underwriting agreement with Barclays Capital Inc., BofA Securities, Inc., and Citigroup Global Markets Inc. The proceeds are earmarked for debt repayment or refinancing, with potential allocations for share repurchases and investments in investment management firms. These senior notes represent unsecured and unsubordinated obligations of the company, maturing on August 20, 2034. The notes carry a fixed annual interest rate of 5.500%, payable semi-annually. The indenture includes provisions for make-whole redemptions, limitations on fundamental corporate changes such as mergers or asset sales, and a requirement for a repurchase offer upon certain change of control events. This issuance signals AMG's proactive approach to managing its capital structure and funding its strategic initiatives.

Affiliated Managers Group, Inc. (AMG) has announced a significant leadership transition involving Rizwan M. Jamal, who will be retiring as Head of Affiliate Investments effective January 3, 2025. While stepping down from this operational role, Mr. Jamal will continue to contribute to AMG in a new capacity as Managing Director, Affiliate Partnerships. This move signifies a planned succession and retains valuable institutional knowledge within the company.

Affiliated Managers Group, Inc. (AMG) reported its financial results for the three and six months ended June 30, 2024. For the three months, net income attributable to controlling interest decreased by 39% to $76.0 million compared to $125.3 million in the prior year. For the six months, net income attributable to controlling interest decreased by 13% to $225.8 million compared to $259.8 million in the prior year. This decrease was primarily driven by lower equity method income, increased income tax expenses, and a decrease in investment and other income, partially offset by higher equity method earnings in the six-month period. Despite the decline in net income, total assets under management (AUM) increased to $701.0 billion as of June 30, 2024, up from $673.9 billion at the start of the period. This growth was fueled by strong inflows into alternative strategies, particularly private markets and liquid alternatives, which offset outflows in equity strategies. The company also repurchased a significant amount of its own stock during the period, demonstrating a commitment to returning capital to shareholders.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on July 29, 2024, to announce its financial and operating results for the quarter ended June 30, 2024, as detailed in an accompanying press release (Exhibit 99.1). While the full financial details are in the press release, the 8-K specifically highlights key capital allocation decisions made by the Board of Directors. Investors should note the declaration of a quarterly dividend and a significant expansion of the company's share repurchase authorization. These actions signal the company's ongoing commitment to returning capital to shareholders and a belief in the value of its own stock.

Affiliated Managers Group, Inc. (AMG) filed an 8-K report on May 24, 2024, detailing the outcomes of its Annual Meeting of Stockholders held on May 22, 2024. The primary focus of the filing is the voting results on key corporate matters, including the election of directors, advisory approval of executive compensation, and ratification of the independent auditor. The meeting confirmed strong shareholder support for the company's leadership and financial oversight.

Affiliated Managers Group, Inc. (AMG) reported its first-quarter 2024 financial results, showing a 5% increase in Assets Under Management (AUM) to $699.4 billion. While consolidated revenue saw a slight decrease of 3% to $499.9 million, Net Income attributable to controlling interest rose by a notable 11% to $149.8 million, driven by a significant 74% increase in equity method earnings. Key operational highlights include growth in alternative strategies and a solid performance in private markets, with 86% of AUM outperforming benchmarks across the latest and three-year vintages. The company also demonstrated a strong commitment to shareholder returns through robust share repurchases, totaling 1.0 million shares in the quarter. Despite a slight dip in aggregate fees, the company's strategic investments in new Affiliates and focus on high-growth areas position it for continued value creation.

Affiliated Managers Group, Inc. (AMG) announced its first-quarter 2024 financial and operating results on May 6, 2024, through a press release. While the full details of the results are contained within the press release (Exhibit 99.1), the 8-K filing highlights specific information for investors. Notably, the company's Board of Directors declared a quarterly dividend of $0.01 per share, demonstrating a continued commitment to returning capital to shareholders. The dividend is payable on May 30, 2024, to shareholders of record as of May 16, 2024. The filing clarifies that certain financial highlights and tables within the press release are considered 'filed' under SEC regulations, meaning they are subject to liability under Section 18 of the Securities Exchange Act of 1934. The remainder of the press release content is being 'furnished,' which carries less regulatory scrutiny. Investors should refer to Exhibit 99.1 for a comprehensive understanding of AMG's quarterly performance.

Affiliated Managers Group, Inc. (AMG) has announced significant leadership changes within its executive team, effective April 1, 2024. Thomas M. Wojcik is transitioning from Chief Financial Officer (CFO) to the newly appointed role of Chief Operating Officer (COO), where he will focus on capital formation capabilities. This move sees Dava E. Ritchea appointed as the new CFO, succeeding Mr. Wojcik. Ms. Ritchea brings substantial financial leadership experience, having previously served as CFO at Sculptor Capital Management Inc. and Assured Investment Management LLC. These appointments signal a strategic realignment within AMG's operational and financial leadership. Mr. Wojcik's transition to COO suggests an increased focus on growth and capital generation, while Ms. Ritchea's extensive background in finance is expected to strengthen the company's financial management and capital strategies. Investors should monitor how these changes impact the company's strategic initiatives and financial performance moving forward.

Affiliated Managers Group, Inc. (AMG) announced on March 20, 2024, the successful issuance and sale of $450 million in aggregate principal amount of 6.750% Junior Subordinated Notes due 2064. This offering was completed under their existing shelf registration statement. The notes are unsecured and subordinate to other debt obligations, with a long maturity of 40 years. These proceeds are earmarked for general corporate purposes, including potential debt repayment, share repurchases, and strategic investments in investment management firms. The company retains the right to defer interest payments, a common feature in junior subordinated debt, and has call options starting in March 2029, subject to specific conditions. Investors should note the long-term nature of this debt and the associated subordination risk.

Affiliated Managers Group, Inc. (AMG) reported strong performance in its 2023 fiscal year, with total assets under management (AUM) reaching $673 billion, a 3% increase from the previous year. This growth was driven by net inflows into alternative strategies, particularly private markets and liquid alternatives, which offset outflows in equity strategies. The company's aggregate fees saw a 9% decrease to $5.1 billion, largely due to lower average AUM in global equities and the impact of the BPEA transaction, alongside a reduction in performance fees, particularly in liquid alternative strategies. Financially, net income attributable to controlling interest declined by 41% to $673 million, primarily due to lower affiliate transaction gains and equity method income, although a decrease in income tax expense provided some offset. The company continues to focus on its partnership approach with independent investment firms, emphasizing growth in private markets, liquid alternatives, sustainable investing, and wealth management. AMG also continued its share repurchase program, buying back approximately 3 million shares during the year, demonstrating a commitment to returning capital to shareholders.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on February 5, 2024, primarily to announce its financial and operating results for the fourth quarter and full year ended December 31, 2023. While the full details of the results are available in the furnished press release (Exhibit 99.1), the 8-K itself highlights key financial information. Investors should note that specific financial tables from the press release are officially filed with the SEC and incorporated by reference into other filings, indicating their significance for ongoing disclosures.

Affiliated Managers Group, Inc. (AMG) reported a strong third quarter for 2023, with Net Income attributable to controlling interest increasing by 93% to $217.0 million, or $5.48 per diluted share, compared to the prior year period. This substantial growth was significantly driven by a $133.1 million pre-tax gain from the sale of Veritable, LP, and an increase in investment and other income. For the first nine months of 2023, Net Income attributable to controlling interest rose 30% to $476.8 million, or $12.28 per diluted share, also bolstered by the Veritable transaction gain and growth in equity method income. Despite an overall decrease in consolidated revenue, which declined 9% for the quarter and 13% year-to-date due to lower asset-based and performance-based fees, the company demonstrated operational resilience. Expenses were managed effectively, with total consolidated expenses decreasing by 16% for the quarter. The company also saw a notable increase in its cash position, with cash and cash equivalents rising to $999.2 million. AMG continues to focus on its strategy of investing in independent investment management firms and supporting their long-term growth, with recent minority investments in Forbion Group Holding B.V. and Ara Partners Group, LLC.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on November 6, 2023, primarily reporting its financial and operating results for the third quarter ended September 30, 2023, as detailed in an accompanying press release (Exhibit 99.1). While the specific financial metrics from the press release are not detailed within the 8-K itself, the filing also announced key capital allocation decisions by the Board of Directors. Investors should refer to the furnished press release for detailed quarterly performance. Of particular note for investors, AMG's Board declared a quarterly dividend of $0.01 per share, payable on November 30, 2023. Furthermore, the Company announced a new, substantial share repurchase authorization, allowing for the purchase of up to 3.25 million shares. This, combined with existing authorizations, brings the total available for repurchase to approximately 5 million shares, indicating management's confidence and commitment to returning capital to shareholders.

Affiliated Managers Group, Inc. (AMG) announced a strategic addition to its Board of Directors with the appointment of Loren M. Starr as an independent director, effective immediately. Mr. Starr brings extensive financial leadership experience, having served as Chief Financial Officer (CFO) for 15 years at Invesco Ltd. and previously as CFO at Janus Capital Group Inc. His background also includes senior corporate finance roles at prominent financial institutions like Putnam Investments, Lehman Brothers, and Morgan Stanley. This appointment is likely aimed at leveraging Mr. Starr's deep financial expertise and public company board experience to enhance corporate governance and strategic oversight. Investors can view this as a positive step towards strengthening the company's financial acumen at the board level, particularly given his track record in financial management and advisory roles within the asset management industry. Mr. Starr will participate in the company's standard director compensation and indemnification agreements.

Affiliated Managers Group, Inc. (AMG) reported mixed financial results for the six months ended June 30, 2023. While net income attributable to controlling interest saw a slight increase of 2% to $259.8 million compared to the prior year, consolidated revenue declined by 15% to $1,029.9 million. This revenue decrease was primarily driven by lower asset-based fees due to a reduction in average assets under management, particularly in global equity strategies. Despite the revenue challenges, the company demonstrated resilience through strong performance in equity method income, which increased by 45% to $114.5 million, largely driven by performance-based fees in liquid alternative strategies. Additionally, investment and other income significantly increased, contributing positively to net income. The company maintained a robust balance sheet with total assets of $8,966.1 million as of June 30, 2023, and managed its capital effectively through share repurchases and debt management.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on July 26, 2023, primarily to report its financial and operating results for the quarter ended June 30, 2023, through an accompanying press release (Exhibit 99.1). While the press release details are furnished, specific financial highlights and tables within it are considered filed, making them subject to Section 18 of the Securities Exchange Act of 1934. This indicates that investors should pay close attention to these disclosed figures as they are formally part of the SEC filing. Beyond the quarterly results, the filing also announced a routine quarterly dividend declaration. The Board of Directors authorized a dividend of $0.01 per share of common stock, payable on August 21, 2023, to shareholders of record as of August 7, 2023. This information is standard for publicly traded companies and signals ongoing capital return to shareholders.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 30, 2023, detailing the outcomes of its Annual Meeting of Stockholders held on May 25, 2023. The report indicates strong shareholder support for the election of directors, with all nominees receiving at least 96% of the votes cast. This reflects confidence in the current board's leadership and governance. Furthermore, shareholders overwhelmingly approved the company's executive compensation through a non-binding advisory vote, with 98% of votes in favor. In a separate advisory vote on the frequency of executive compensation reviews, shareholders recommended an annual vote, which the company has committed to following. The selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm was also ratified with 91% of shareholder approval, signaling continued trust in the company's auditing process.

Affiliated Managers Group, Inc. (AMG) reported its first-quarter 2023 results, showing a decrease in net income attributable to controlling interest to $134.5 million from $146.0 million in the prior year period. This decline was primarily driven by a 15% reduction in consolidated revenue, largely due to lower asset-based fees stemming from decreased consolidated affiliate average assets under management, particularly in U.S. and global equity strategies. Despite the revenue dip, total consolidated expenses also decreased by 4%, mainly due to lower compensation and related expenses. However, the company saw a significant increase in aggregate fees by 13%, reaching $1,505.1 million. This growth was fueled by a substantial 27% rise in performance-based fees, offsetting a 14% decrease in asset-based fees, which was impacted by the BPEA Transaction. Equity method revenue also saw a strong 37% increase, driven by performance-based fees in liquid alternative strategies. The company maintained a solid liquidity position with cash and cash equivalents of $832.8 million as of March 31, 2023.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on May 1, 2023, primarily to report its financial and operating results for the first quarter ended March 31, 2023. The report references a press release (Exhibit 99.1) containing these results, although specific portions of this exhibit are designated as "filed" rather than "furnished," indicating a higher degree of SEC scrutiny and incorporation into other filings. Investors should refer to Exhibit 99.1 for detailed financial performance and operational metrics from the quarter. In addition to the quarterly results, the filing also disclosed the declaration of a quarterly dividend of $0.01 per share of common stock. This dividend is scheduled to be paid on May 25, 2023, to shareholders of record as of May 11, 2023. This action signals continued commitment to returning capital to shareholders, a key consideration for income-focused investors.

Affiliated Managers Group, Inc. (AMG) reported its 2022 fiscal year results, showcasing a strong performance driven by strategic investments and a notable gain from the sale of its equity interest in BPEA. Despite a 20% decrease in overall assets under management (AUM) to $651 billion, largely due to market downturns, the company demonstrated resilience. Aggregate fees saw a slight decrease of 1% to $5.56 billion, primarily due to lower asset-based fees, though performance-based fees showed an increase. Net income attributable to controlling interest surged significantly, largely due to a $641.9 million gain from the BPEA transaction. The company continued its commitment to returning capital to shareholders, repurchasing approximately $718 million of its common stock during the year, and maintained its investment-grade credit ratings. AMG's strategy remains focused on partnering with high-quality independent investment management firms in growth areas like private markets, liquid alternatives, and sustainable investing. The company made strategic investments in Systematica Investments and Peppertree Capital Management, Inc., reinforcing its focus on long-term value creation. While facing industry headwinds such as increased competition and shifts towards lower-fee products, AMG's diversified business model and focus on specialized strategies position it to navigate the evolving investment landscape. Investors should monitor the impact of market volatility on AUM and fee generation, as well as the company's ongoing investment strategy and capital allocation decisions.

Affiliated Managers Group, Inc. (AMG) filed an 8-K on February 6, 2023, primarily to report its financial and operating results for the quarter and year ended December 31, 2022, through an accompanying press release furnished as Exhibit 99.1. While the full details of the financial results are within the press release, the 8-K itself highlights the declaration of a quarterly dividend. Investors can find key performance metrics and financial condition details within the furnished press release, which is incorporated by reference into certain SEC filings.

Affiliated Managers Group, Inc. (AMG) announced a significant leadership transition effective December 31, 2022. David M. Billings, the long-serving General Counsel, has given notice of his retirement from that role. While stepping down as General Counsel, Mr. Billings will continue to support the company in a new capacity as Senior Advisor, ensuring continuity and leveraging his extensive experience. This change marks the end of Mr. Billings' tenure as General Counsel, during which he played a key role in the company's development. The CEO, Jay C. Horgen, expressed gratitude for Mr. Billings' contributions and highlighted his dedication to the company and its shareholders. Investors should view this as a planned succession, with the company aiming to maintain stability through Mr. Billings' continued advisory role.