Oppenheimer Holdings Inc. Files 8-K

TL;DR

Oppenheimer Holdings filed an 8-K on March 4th. No major news, just a filing.

AI Summary

Oppenheimer Holdings Inc. filed an 8-K on March 4, 2024, reporting other events and financial statements. The filing does not contain specific transactional details or financial figures within the provided text, but it serves as a notification to the SEC.

Why It Matters

This filing indicates Oppenheimer Holdings Inc. is providing updates or disclosures to the SEC, which could be relevant for investors monitoring the company's regulatory compliance and corporate actions.

Risk Assessment

Risk Level: low — The filing is a routine disclosure and does not contain information that suggests immediate or significant risk.

Key Players & Entities

• OPPENHEIMER HOLDINGS INC (company) — Registrant
• 0000791963-24-000020 (filing_id) — Accession Number
• March 4, 2024 (date) — Report Date
• 85 Broad Street (address) — Company Business Address
• New York (location) — Company Location
• 10004 (zip_code) — Company Zip Code

FAQ

Key Financial Figures

• $11.95 million — 22 to date, the Company has repurchased $11.95 million aggregate principal amount of its Senio

Filing Documents

• opy-20240304.htm (8-K) — 32KB
• 0000791963-24-000020.txt ( ) — 156KB
• opy-20240304.xsd (EX-101.SCH) — 2KB
• opy-20240304_lab.xml (EX-101.LAB) — 24KB
• opy-20240304_pre.xml (EX-101.PRE) — 12KB
• opy-20240304_htm.xml (XML) — 3KB

01. Other Events

Item 8.01. Other Events. Oppenheimer Holdings Inc. (NYSE: OPY) today announced that its Board of Directors approved a share repurchase program that authorizes the Company to purchase up to 518,000 shares of the Company's Class A non-voting common stock, representing approximately 5% of its 10,357,376 currently issued and outstanding shares of Class A non-voting common stock. This authorization will supplement the 120,155 shares that remain authorized and available under the Company's previous share repurchase program covering up to 543,000 shares of the Company's Class A non-voting common stock, which was announced on December 14, 2022, for a total of 638,155 shares authorized and available for repurchase. The share repurchase program is expected to continue indefinitely. In addition, the Company has repurchased and may continue to seek to repurchase its outstanding 5.50% Senior Secured Notes due 2025 (the "Senior Secured Notes") from time to time through, as applicable, tender offers, open market purchases, privately negotiated transactions or otherwise. Such repurchases, if any, will depend on a number of factors, including, but not limited to, the Company's priorities for the use of cash, price, market and economic conditions, its liquidity requirements, and legal and contractual restrictions. During the fourth quarter of 2022 to date, the Company has repurchased $11.95 million aggregate principal amount of its Senior Secured Notes in the open market. See the Company's press release attached hereto as an exhibit for additional details concerning its share repurchase program. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Exhibit 99.1 Press Release dated March 4 , 202 4 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. Oppenheimer Holdings Inc. Date: March 4, 2024 By: /s/ Albert G. Lowenthal --------------------------------- Albert G. Lowenthal Chief Executive Officer (Duly Authorized Officer) 3 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release dated March 4 , 2024 4 Exhibit 99.1 Oppenheimer Holdings Inc. Announces Share Repurchase Program New York, March 4, 2024 - Oppenheimer Holdings Inc. (NYSE: OPY) today announced that its Board of Directors approved a share repurchase program that authorizes the Company to purchase up to 518,000 shares of the Company's Class A non-voting common stock, representing approximately 5% of its 10,357,376 currently issued and outstanding shares of Class A non-voting common stock. This authorization will supplement the 120,155 shares that remain authorized and available under the Company's previous share repurchase program covering up to 543,000 shares of the Company's Class A non-voting common stock, which was announced on December 14, 2022, for a total of 638,155 shares authorized and available for repurchase. The share repurchase program is expected to continue indefinitely. Any such share purchases will be made by the Company from time to time in the open market at the prevailing open market price using cash on hand, in compliance with the applicable rules and regulations of the New York Stock Exchange, state corporate law and federal and state securities laws and the terms of the Company's senior secured debt. All shares purchased will be canceled. The timing and amounts of any purchases under the program will be determined by management in its discretion based on market and economic conditions and other factors including price, legal and regulatory requirements and capital availability. The share repurchase program d

Forward-Looking Statements

Forward-Looking Statements This press release includes certain "forward-looking statements" relating to anticipated future performance. For a discussion of the factors that could cause future performance to be different than anticipated, reference is made to Factors Affecting "Forward-Looking Statements" in Part I, Item 2 of the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 and Part 1A - Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 5

View Full Filing

View this 8-K filing on SEC EDGAR