Affiliated Managers Group, Inc. Files Definitive Proxy Statement

Ticker: MGRE · Form: DEF 14A · Filed: Apr 12, 2024 · CIK: 1004434

Affiliated Managers Group, Inc. DEF 14A Filing Summary
FieldDetail
CompanyAffiliated Managers Group, Inc. (MGRE)
Form TypeDEF 14A
Filed DateApr 12, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$19.48, $11.83, $2, $935.7 million, $14.52
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Executive Compensation, Equity Awards, Affiliated Managers Group

TL;DR

<b>Affiliated Managers Group, Inc. has filed its Definitive Proxy Statement for the upcoming reporting period.</b>

AI Summary

AFFILIATED MANAGERS GROUP, INC. (MGRE) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for Affiliated Managers Group, Inc. The report covers the period ending May 22, 2024, with a filing date of April 12, 2024. The company's principal executive offices are located at 777 South Flagler Drive, Suite 1401 East Tower, West Palm Beach, FL 33401. The filing includes detailed information on equity awards reported, granted, vested, and unvested for the years 2020 through 2023. The company was formerly known as Affiliated Managers Group Inc, with a name change date of August 22, 1997.

Why It Matters

For investors and stakeholders tracking AFFILIATED MANAGERS GROUP, INC., this filing contains several important signals. This filing provides crucial details regarding executive compensation and shareholder voting matters, which are essential for investors to make informed decisions. The extensive data on equity awards offers insight into the company's incentive structures and potential future dilution for shareholders.

Risk Assessment

Risk Level: low — AFFILIATED MANAGERS GROUP, INC. shows low risk based on this filing. The filing is a routine proxy statement and does not contain new financial performance data or significant operational changes, indicating a low level of immediate risk.

Analyst Insight

Review the executive compensation details and equity award grants to understand potential impacts on shareholder value and dilution.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Fiscal year end date)
  • 1997-08-22 — Date of Name Change (Former company name change date)

Key Players & Entities

  • AFFILIATED MANAGERS GROUP, INC. (company) — Filer name
  • DEF 14A (filing) — Form type
  • 2024-04-12 (date) — Filing date
  • 2024-05-22 (date) — Period of report
  • 777 SOUTH FLAGLER DRIVE (address) — Business address street 1
  • WEST PALM BEACH (location) — Business address city
  • FL (location) — Business address state
  • 33401 (postal_code) — Business address zip

FAQ

When did AFFILIATED MANAGERS GROUP, INC. file this DEF 14A?

AFFILIATED MANAGERS GROUP, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 12, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by AFFILIATED MANAGERS GROUP, INC. (MGRE).

Where can I read the original DEF 14A filing from AFFILIATED MANAGERS GROUP, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AFFILIATED MANAGERS GROUP, INC..

What are the key takeaways from AFFILIATED MANAGERS GROUP, INC.'s DEF 14A?

AFFILIATED MANAGERS GROUP, INC. filed this DEF 14A on April 12, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for Affiliated Managers Group, Inc.. The report covers the period ending May 22, 2024, with a filing date of April 12, 2024.. The company's principal executive offices are located at 777 South Flagler Drive, Suite 1401 East Tower, West Palm Beach, FL 33401..

Is AFFILIATED MANAGERS GROUP, INC. a risky investment based on this filing?

Based on this DEF 14A, AFFILIATED MANAGERS GROUP, INC. presents a relatively low-risk profile. The filing is a routine proxy statement and does not contain new financial performance data or significant operational changes, indicating a low level of immediate risk.

What should investors do after reading AFFILIATED MANAGERS GROUP, INC.'s DEF 14A?

Review the executive compensation details and equity award grants to understand potential impacts on shareholder value and dilution. The overall sentiment from this filing is neutral.

How does AFFILIATED MANAGERS GROUP, INC. compare to its industry peers?

Affiliated Managers Group, Inc. operates in the investment advice industry.

Are there regulatory concerns for AFFILIATED MANAGERS GROUP, INC.?

The filing is made under the Securities Exchange Act of 1934, specifically as a Definitive Proxy Statement (DEF 14A).

Industry Context

Affiliated Managers Group, Inc. operates in the investment advice industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically as a Definitive Proxy Statement (DEF 14A).

What Investors Should Do

  1. Analyze the detailed breakdown of equity awards granted and vested for key executives.
  2. Review the proposals to be voted on by shareholders at the upcoming meeting.
  3. Compare executive compensation packages to industry benchmarks if available.

Key Dates

  • 2024-05-22: Period of Report — The end date for the reporting period covered by the proxy statement.
  • 2024-04-12: Filing Date — The date the Definitive Proxy Statement was filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which typically follows the annual report and provides specific details on corporate governance and executive compensation.

Filing Stats: 4,382 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-04-12 16:31:17

Key Financial Figures

  • $19.48 — Economic earnings per share ("EEPS") of $19.48 declined (3%) relative to the prior ye
  • $11.83 — 2 and 2023, GAAP EPS included gains of $11.83 and $2.90, respectively, as a result of
  • $2 — GAAP EPS included gains of $11.83 and $2.90, respectively, as a result of Affili
  • $935.7 million — ractive valuations Adjusted EBITDA of $935.7 million declined (11%) relative to prior year
  • $14.52 — gains from Affiliate sales, grew +7% to $14.52 in 2023, with a CAGR of +50% over the
  • $2.90 — flects adjustment to exclude $11.83 and $2.90 GAAP earnings per share (diluted) for F
  • $13.52 — Financial Performance Measures ." 3 $13.52 1 $14.52 1 2023 Performance Summary
  • $3B — ded in 2014, has grown to approximately $3B in AUM through AMG's capital formation
  • $795 — ibution increased from ~35% to ~50% $795 $936 Adjusted EBITDA ($mm) 2023 P
  • $936 — increased from ~35% to ~50% $795 $936 Adjusted EBITDA ($mm) 2023 Performa
  • $575 million — ate investments and returned more than $575 million in capital to stockholders, while main
  • $400 million — oceeds from BPEA transaction Paid down $400 million of institutional debt and issued $450
  • $450 million — llion of institutional debt and issued $450 million in 40-year retail bonds in Q1 2024, fu
  • $11 million — ket since 2019, totaling approximately $11 million notional value at time of purchase Own
  • $11.1 million — p – The Target Total Payout was set at $11.1 million for our CEO in 2023, based on the media

Filing Documents

EXECUTIVE COMPENSATION TABLES

EXECUTIVE COMPENSATION TABLES 45 PROPOSAL 2: ADVISORY VOTE ON EXECUTIVE COMPENSATION 57 PROPOSAL 3: RATIFICATION OF THE SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 58 AUDIT COMMITTEE REPORT 59

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS 61 OTHER MATTERS 63 AFFILIATED MANAGERS GROUP, INC. 777 South Flagler Drive West Palm Beach, Florida 33401 PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 22, 2024 April 12, 2024 This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Directors of Affiliated Managers Group, Inc. ("AMG", the "Company", "we", or "us") for use at our 2024 Annual Meeting of Stockholders to be held on May 22, 2024, at 9:00 a.m. Eastern Daylight Time at the Company's office at 600 Hale Street, Prides Crossing, Massachusetts 01965 and at any adjournments or postponements thereof (the "Annual Meeting"). At the Annual Meeting, stockholders will be asked to elect nine directors, approve, by a non-binding advisory vote, the compensation of the Company's named executive officers (as defined in the "Executive Compensation Tables" section of this Proxy Statement), ratify the selection of PricewaterhouseCoopers LLP ("PwC") as our independent registered public accounting firm for the current fiscal year, and consider and act upon any other matters properly brought before them. Important Notice Regarding the Availability of Proxy Materials. This year, we have again reduced our environmental impact by providing proxy materials to you online in accordance with Securities and Exchange Commission ("SEC") rules. On or about April 12, 2024, we will mail to our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") containing instructions on how to access this Proxy Statement and our 2023 Annual Report on Form 10-K online. The Notice, which cannot itself be used to vote your shares, also provides instructions on how to vote online and how to request a paper copy of the proxy materials, if you so desire. Whether you received the Notice or paper copies of our proxy materials, the Proxy Statement and 2023 Annual Report on Form

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