Artisan Partners 2024 Annual Meeting & Exec Comp Details
Ticker: APAM · Form: DEFA14A · Filed: Jun 3, 2024 · CIK: 1517302
| Field | Detail |
|---|---|
| Company | Artisan Partners Asset Management Inc. (APAM) |
| Form Type | DEFA14A |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 11 |
| Reading Time | 13 min |
| Key Dollar Amounts | $1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-meeting, executive-compensation, proxy-filing
TL;DR
Artisan Partners filed its 2024 annual meeting proxy, detailing exec pay and long-term growth strategy.
AI Summary
Artisan Partners Asset Management Inc. filed a DEFA14A on June 3, 2024, detailing its 2024 Annual Shareholder Meeting. The filing outlines the company's purpose: to generate and compound wealth for clients long-term, which in turn drives sustainable shareholder outcomes. It also includes sections on executive compensation and the company's investment approach.
Why It Matters
This filing provides insight into how Artisan Partners plans to grow its business and compensate its executives, which can impact client returns and shareholder value.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEFA14A) detailing meeting agenda and executive compensation, not indicating new significant risks.
Key Players & Entities
- Artisan Partners Asset Management Inc. (company) — Filer of the DEFA14A
- 2024 (date) — Year of the Annual Shareholder Meeting
- June 3, 2024 (date) — Filing date of the DEFA14A
FAQ
What is the primary purpose of Artisan Partners Asset Management Inc. as stated in the filing?
The company's purpose is to generate and compound wealth over the long term for its clients, which leads to sustainable long-term outcomes for its shareholders.
When was the DEFA14A filing submitted?
The DEFA14A filing was submitted on June 3, 2024.
What are the main sections covered in this DEFA14A filing?
The filing covers the 2024 Annual Shareholder Meeting agenda, information about 'Who We Are', and 'Executive Compensation'.
What is the stated goal for the company's investment professionals?
The company aims to preserve a consistent environment in which its talented investment professionals can thrive.
What is the SIC code for Artisan Partners Asset Management Inc.?
The Standard Industrial Classification (SIC) code for Artisan Partners Asset Management Inc. is 6282, which corresponds to Investment Advice.
Filing Stats: 3,258 words · 13 min read · ~11 pages · Grade level 18.4 · Accepted 2024-06-03 16:25:08
Key Financial Figures
- $1 million — er vesting awards. Artisan CEO receives $1 million equity award each year for next five ye
Filing Documents
- final2024annualmeeting.htm (DEFA14A) — 27KB
- final2024annualmeeting001.jpg (GRAPHIC) — 60KB
- final2024annualmeeting002.jpg (GRAPHIC) — 43KB
- final2024annualmeeting003.jpg (GRAPHIC) — 74KB
- final2024annualmeeting004.jpg (GRAPHIC) — 69KB
- final2024annualmeeting005.jpg (GRAPHIC) — 111KB
- final2024annualmeeting006.jpg (GRAPHIC) — 32KB
- final2024annualmeeting007.jpg (GRAPHIC) — 86KB
- final2024annualmeeting008.jpg (GRAPHIC) — 110KB
- final2024annualmeeting009.jpg (GRAPHIC) — 33KB
- final2024annualmeeting010.jpg (GRAPHIC) — 121KB
- final2024annualmeeting011.jpg (GRAPHIC) — 139KB
- final2024annualmeeting012.jpg (GRAPHIC) — 185KB
- final2024annualmeeting013.jpg (GRAPHIC) — 128KB
- final2024annualmeeting014.jpg (GRAPHIC) — 101KB
- final2024annualmeeting015.jpg (GRAPHIC) — 115KB
- final2024annualmeeting016.jpg (GRAPHIC) — 126KB
- final2024annualmeeting017.jpg (GRAPHIC) — 31KB
- final2024annualmeeting018.jpg (GRAPHIC) — 278KB
- final2024annualmeeting019.jpg (GRAPHIC) — 161KB
- final2024annualmeeting.pdf (DEFA14A) — 426KB
- 0001517302-24-000040.txt ( ) — 3374KB
EXECUTIVE COMPENSATION (SAY-ON-PAY)
EXECUTIVE COMPENSATION (SAY-ON-PAY) a r t i s a n p a r t n e r s a s s e t m a n a g e m e n t 6 EXECUTIVE COMPENSATION PROGRAM — Incremental Changes 2015 20192017 Letter from Compensation Committee on Philosophy & Approach 2021 Initial Public Offering Adopted Clawback Policy and Equity Ownership Guidelines Approved Cap on Aggregate Performance-Based Pay 2013 2023 First and Only Increase in Executive Base Salary First Grant of Career Vesting Equity Awards Our approach to executive compensation has, over the course of the firm's history, successfully supported the long-term growth of the business. Changes to our executive compensation program must be thoughtfully developed and carefully implemented to ensure the program continues to support Who We Are. Approved Individual Cap on Performance- Based Pay a r t i s a n p a r t n e r s a s s e t m a n a g e m e n t 7 EXECUTIVE COMPENSATION — Say-on-Pay Proposal We believe the key principles underlying our executive compensation program ensure focus on our single purpose as a firm—to generate and compound wealth over the long term for clients. Our differentiated approach: Supports long-term value creation and sustainable growth Aligns interests with all our stakeholders—shareholders, clients and investment talent Prioritizes our most critical employees—investment professionals Responds to global market conditions There is more than one way to effectively structure executive compensation—executive compensation programs should appropriately reflect the philosophy and culture of an individual business. Our approach has, over the course of the firm's history, successfully supported our purpose and the long-term growth of the business. We believe it will continue to support the firm, its clients and its shareholders well into the future. With respect to 2023, ISS and Glass Lewis have supported our say-on-pay proposal. Vote FOR Named Executive Officer Compensation (Say-on-Pay) a r t i s a n p a r t n e r s a s s e t m a n