Virtus Investment Partners Holds Annual Meeting, Elects Directors
Ticker: VRTS · Form: 8-K · Filed: May 16, 2024 · CIK: 883237
| Field | Detail |
|---|---|
| Company | Virtus Investment Partners, Inc. (VRTS) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-meeting, corporate-governance, executive-compensation
Related Tickers: VRTS
TL;DR
Virtus held its annual meeting, re-elected directors, and approved exec pay. All good.
AI Summary
Virtus Investment Partners, Inc. filed an 8-K on May 15, 2024, reporting on its annual meeting of stockholders. Key items included the election of directors, the appointment of officers, and the approval of executive compensation. The filing also addressed the submission of matters to a vote of security holders and included financial statements and exhibits.
Why It Matters
This filing provides an update on the corporate governance and executive compensation practices of Virtus Investment Partners, which can influence investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and executive compensation, which are standard for an annual meeting.
Key Players & Entities
- VIRTUS INVESTMENT PARTNERS, INC. (company) — Registrant
- May 15, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of incorporation
- 001-10994 (commission_file_number) — SEC File Number
- 26-3962811 (irs_number) — IRS Number
FAQ
Who were the directors elected at the annual meeting?
The filing indicates the election of directors occurred, but the specific names of the elected directors are not detailed in this summary section of the 8-K.
What specific matters were submitted to a vote of security holders?
The filing states that matters were submitted to a vote of security holders, but the exact proposals are not enumerated in this section.
When was the date of the earliest event reported in this filing?
The date of the earliest event reported is May 15, 2024.
What is the fiscal year end for Virtus Investment Partners, Inc.?
The fiscal year end for Virtus Investment Partners, Inc. is December 31.
What is the primary SIC code for Virtus Investment Partners, Inc.?
The primary Standard Industrial Classification (SIC) code for Virtus Investment Partners, Inc. is 6282, which corresponds to Investment Advice.
Filing Stats: 686 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-05-16 16:17:28
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value VRTS New York Stock Exchange
Filing Documents
- vrts-20240515.htm (8-K) — 47KB
- vrts2024omnibusplan.htm (EX-10.1) — 86KB
- vrts2024omnibusplan001.jpg (GRAPHIC) — 804KB
- vrts2024omnibusplan002.jpg (GRAPHIC) — 1213KB
- vrts2024omnibusplan003.jpg (GRAPHIC) — 1337KB
- vrts2024omnibusplan004.jpg (GRAPHIC) — 1347KB
- vrts2024omnibusplan005.jpg (GRAPHIC) — 1333KB
- vrts2024omnibusplan006.jpg (GRAPHIC) — 782KB
- 0000883237-24-000061.txt ( ) — 9673KB
- vrts-20240515.xsd (EX-101.SCH) — 2KB
- vrts-20240515_lab.xml (EX-101.LAB) — 21KB
- vrts-20240515_pre.xml (EX-101.PRE) — 12KB
- vrts-20240515_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The following proposals were voted on at the Annual Meeting and the results regarding each proposal are set forth below: Item 1. Election of Directors. Shareholders elected each of the nominees for directors to hold office until the 2025 Annual Meeting of Shareholders or until their respective successors are duly elected and qualified, or their earlier resignation or removal, as follows: Director For Against Withheld Broker Non-Votes Timothy A. Holt 5,459,611 — 412,283 550,281 Melody L. Jones 5,637,685 — 234,209 550,281 Item 2. Ratification of Appointment of Independent Registered Public Accounting Firm. Shareholders ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. For Against Abstain Broker Non-Votes 6,165,122 254,604 2,449 — Item 3. Advisory Vote on Executive Compensation. Shareholders approved, on an advisory basis, the compensation paid to the Company's named executive officers. For Against Abstain Broker Non-Votes 5,458,051 408,985 4,858 550,281 Item 4. Approval of an Amendment to the Company's Amended and Restated Omnibus Incentive and Equity Plan. Shareholders approved the amendment to the Company's Amended and Restated Omnibus Incentive and Equity Plan to increase the number of shares available for issuance by 455,000 shares. For Against Abstain Broker Non-Votes 5,309,897 559,150 2,847 550,281
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Amended and Restated Virtus Investment Partners, Inc. Omnibus Incentive and Equity Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. VIRTUS INVESTMENT PARTNERS, INC. Dated: May 16, 2024 By: /s/ Andra C. Purkalitis Name: Andra C. Purkalitis Title: Executive Vice President, Chief Legal Officer, General Counsel and Secretary