AMG Files 8-K: Financials and Junior Subordinated Notes Detailed

TL;DR

AMG dropped an 8-K detailing their financial condition and various junior subordinated notes due in 2059-2064.

AI Summary

On July 29, 2024, Affiliated Managers Group, Inc. (AMG) filed an 8-K report detailing various events. The filing includes information on their financial condition, results of operations, and other material events. Specifically, it references several series of junior subordinated notes, including those due in 2059, 2060, 2061, and 2064, with varying interest rates.

Why It Matters

This filing provides investors with crucial updates on AMG's financial structure and operational status, including details on their long-term debt obligations.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of financial information and does not indicate any immediate or significant risks.

Key Numbers

• 2059 — Maturity Year (Five Point Eighty Seven Five Junior Subordinated Notes)
• 2060 — Maturity Year (Four Point Seventy Five Junior Subordinated Notes)
• 2061 — Maturity Year (Four Point Two Junior Subordinated Notes)
• 2064 — Maturity Year (Six Point Seventy Five Junior Subordinated Notes)

Key Players & Entities

• AFFILIATED MANAGERS GROUP, INC. (company) — Registrant
• July 29, 2024 (date) — Report Date
• 0001004434-24-000035.txt (document) — Filing Identifier
• Five Point Eighty Seven Five Junior Subordinated Notes Due 2059 (financial_instrument) — Debt Instrument
• Four Point Seventy Five Junior Subordinated Notes Due 2060 (financial_instrument) — Debt Instrument
• Four Point Two Junior Subordinated Notes Due 2061 (financial_instrument) — Debt Instrument
• Six Point Seventy Five Junior Subordinated Notes Due 2064 (financial_instrument) — Debt Instrument

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock ($0.01 par value) AMG New York Stock Exchange

Filing Documents

• amg-20240729.htm (8-K) — 42KB
• amgq22024ex991.htm (EX-99.1) — 374KB
• amgbulleta.gif (GRAPHIC) — 0KB
• amglogoa.gif (GRAPHIC) — 12KB
• courtesy.pdf (EX-99.1) — 82KB
• 0001004434-24-000035.txt ( ) — 754KB
• amg-20240729.xsd (EX-101.SCH) — 4KB
• amg-20240729_def.xml (EX-101.DEF) — 17KB
• amg-20240729_lab.xml (EX-101.LAB) — 32KB
• amg-20240729_pre.xml (EX-101.PRE) — 18KB
• amg-20240729_htm.xml (XML) — 6KB

02 Results of Operations and Financial Condition

ITEM 2.02 Results of Operations and Financial Condition. On July 29, 2024, Affiliated Managers Group, Inc. (the "Company") issued a press release setting forth its financial and operating results for the quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 hereto, except for such portions which are filed, as noted below under Item 9.01.

01 Other Events

ITEM 8.01 Other Events. The press release announced that the Company's Board of Directors authorized and declared a quarterly dividend of $0.01 per share of common stock, payable August 22, 2024 to stockholders of record as of the close of business on August 8, 2024. The press release further announced that the Board of Directors authorized an additional share repurchase program. Under this program, the Company may repurchase up to 5.4 million shares of its issued and outstanding shares of common stock. Purchases may be made from time to time, at management's discretion, in the open market or in privately negotiated transactions, including through the use of trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as well as pursuant to one or more accelerated share repurchase programs or other share repurchase strategies that may include derivatives or forward contracts. This additional authorization, combined with the remaining shares available for purchase under the Company's October 2023 program, provides for a total of approximately 6 million shares available for repurchase under the Company's share repurchase programs, which do not expire.

01 Financial Statements and Exhibits

ITEM 9.01 Financial Statements and Exhibits. (d) Exhibits. The financial highlights table set forth on page 1 and the financial tables set forth on pages 3 through 8 in Exhibit 99.1 hereto are "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall be deemed incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended. The remaining information in Exhibit 99.1 is being "furnished" to the Securities and Exchange Commission as provided pursuant to General Instruction B.2 of Form 8-K. Exhibit No. Description 99.1 Earnings Press Release issued by the Company on July 29, 2024 104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document). 2

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: July 29, 2024 By: /s/ Kavita Padiyar Name: Kavita Padiyar Title: General Counsel and Corporate Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR