AMG Files 8-K on Security Holder Vote Matters
Ticker: MGRE · Form: 8-K · Filed: May 24, 2024 · CIK: 1004434
| Field | Detail |
|---|---|
| Company | Affiliated Managers Group, Inc. (MGRE) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, voting, notes
Related Tickers: AMG
TL;DR
AMG's voting on debt matters, check those junior subordinated notes!
AI Summary
On May 22, 2024, Affiliated Managers Group, Inc. filed an 8-K report detailing the submission of matters to a vote of security holders. The filing specifically mentions various series of junior subordinated notes due in 2059, 2060, 2061, and 2064, with interest rates ranging from 4.2% to 6.75%.
Why It Matters
This filing indicates that Affiliated Managers Group, Inc. is seeking or has received approval from its security holders on matters related to its financial structure, potentially impacting its debt obligations and future financing.
Risk Assessment
Risk Level: low — The filing is procedural, reporting on a vote of security holders, and does not disclose new financial distress or significant operational changes.
Key Numbers
- 4.2% — Interest Rate (Lowest interest rate on junior subordinated notes due 2061)
- 6.75% — Interest Rate (Highest interest rate on junior subordinated notes due 2064)
Key Players & Entities
- AFFILIATED MANAGERS GROUP, INC. (company) — Registrant
- May 22, 2024 (date) — Date of earliest event reported
- 2059 (date) — Maturity year for junior subordinated notes
- 2060 (date) — Maturity year for junior subordinated notes
- 2061 (date) — Maturity year for junior subordinated notes
- 2064 (date) — Maturity year for junior subordinated notes
FAQ
What specific matters were submitted for a vote of security holders?
The filing indicates that matters were submitted for a vote, but the specific details of these matters are not elaborated upon in the provided text.
Which series of junior subordinated notes are mentioned in the filing?
The filing mentions junior subordinated notes due in 2059, 2060, 2061, and 2064.
What are the interest rates associated with these notes?
The interest rates mentioned are 5.875% (due 2059), 4.75% (due 2060), 4.2% (due 2061), and 6.75% (due 2064).
What is the date of the earliest event reported in this 8-K?
The date of the earliest event reported is May 22, 2024.
What is the company's primary business as indicated by the SIC code?
The company's Standard Industrial Classification (SIC) code is 6282, which corresponds to Investment Advice.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-05-24 16:31:13
Key Financial Figures
- $0.01 — nge on which registered Common Stock ($0.01 par value) AMG New York Stock Excha
Filing Documents
- d843321d8k.htm (8-K) — 48KB
- 0001193125-24-147104.txt ( ) — 221KB
- amg-20240522.xsd (EX-101.SCH) — 5KB
- amg-20240522_def.xml (EX-101.DEF) — 14KB
- amg-20240522_lab.xml (EX-101.LAB) — 24KB
- amg-20240522_pre.xml (EX-101.PRE) — 15KB
- d843321d8k_htm.xml (XML) — 9KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AFFILIATED MANAGERS GROUP, INC. Date: May 24, 2024 By: /s/ Kavita Padiyar Name: Kavita Padiyar Title: General Counsel and Corporate Secretary 3