VIRTUS INVESTMENT PARTNERS, INC. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Virtus Investment Partners, Inc. has filed its Definitive Proxy Statement for the upcoming shareholder meeting.</b>

AI Summary

VIRTUS INVESTMENT PARTNERS, INC. (VRTS) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Virtus Investment Partners, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 3, 2024. The filing covers the period ending May 15, 2024. The company's principal executive offices are located at One Financial Plaza, 26th Floor, Hartford, CT 06103. The filing includes information related to equity awards granted and outstanding for both PEO and Non-PEO members for the fiscal year 2023. The company previously operated under the names Phoenix Investment Partners Ltd/CT, Phoenix Duff & Phelps Corp, and Duff & Phelps Corp.

Why It Matters

For investors and stakeholders tracking VIRTUS INVESTMENT PARTNERS, INC., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation, voting matters, and corporate governance before the annual meeting. Shareholders can review details on equity awards, their fair value, and changes over the fiscal year 2023, which impacts executive compensation and potential shareholder value.

Risk Assessment

Risk Level: low — VIRTUS INVESTMENT PARTNERS, INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate disclosures rather than urgent financial events.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation structures and vote on relevant proposals.

Key Numbers

• 2023-12-31 — Fiscal Year End (Company fiscal year end date)
• 2023-01-01 — Fiscal Year Start (Company fiscal year start date)

Key Players & Entities

• VIRTUS INVESTMENT PARTNERS, INC. (company) — Registrant name
• DEF 14A (document) — Filing type
• 2024-04-03 (date) — Filing date
• 2024-05-15 (date) — Reporting period end date
• One Financial Plaza, 26th Floor, Hartford, CT 06103 (address) — Company business address
• Phoenix Investment Partners Ltd/CT (company) — Former company name
• Phoenix Duff & Phelps Corp (company) — Former company name
• Duff & Phelps Corp (company) — Former company name

FAQ

Industry Context

Virtus Investment Partners operates in the investment advice industry, providing asset management services.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.

What Investors Should Do

1. Review the executive compensation details within the proxy statement.
2. Understand the proposals to be voted on at the shareholder meeting.
3. Assess the company's governance practices as outlined in the filing.

Key Dates

• 2024-04-03: Filing Date — Definitive Proxy Statement filed
• 2024-05-15: Reporting Period End — Period covered by the proxy statement

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure for public companies regarding shareholder meetings and executive compensation.

Key Financial Figures

• $0.01 — f shares of our common stock, par value $0.01 per share (the "Common Stock"), availab

Filing Documents

• d497543ddef14a.htm (DEF 14A) — 1277KB
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• 0001193125-24-086077.txt (&nbsp;) — 3859KB
• vrts-20231231.xsd (EX-101.SCH) — 5KB
• vrts-20231231_def.xml (EX-101.DEF) — 5KB
• vrts-20231231_lab.xml (EX-101.LAB) — 7KB
• vrts-20231231_pre.xml (EX-101.PRE) — 4KB
• d497543ddef14a_htm.xml (XML) — 144KB

SECURITY OWNERSHIP BY CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP BY CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 15

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 15

Security Ownership of Directors and Executive Officers

Security Ownership of Directors and Executive Officers 16 PROPOSALS REQUIRING YOUR VOTE 17

– Election of Directors

Item 1 – Election of Directors 17 Board Nominees 17

– Ratification of the Appointment of the Independent Registered Public Accounting Firm

Item 2 – Ratification of the Appointment of the Independent Registered Public Accounting Firm 21 Fees Paid to the Independent Registered Public Accounting Firm 21 Audit Committee Pre-Approval Policies and Procedures 21 Report of the Audit Committee 22

– Advisory Vote on Executive Compensation

Item 3 – Advisory Vote on Executive Compensation 23 Item 4 – Approval of an Amendment to the Company's Amended and Restated Omnibus Incentive and Equity Plan to Increase the Number of Shares of Common Stock Available For Issuance by 455,000 Shares 25 EXECUTIVE OFFICERS 32 Executive Officers 32

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 34 Letter to Our Shareholders 34 Compensation Discussion and Analysis 38 Report of the Compensation Committee 63 Summary Compensation Table 65 Grants of Plan-Based Awards 66 Outstanding Equity Awards at Fiscal Year-End 67 Stock Vested 68 Non-Qualified Deferred Compensation 69 Termination Payments and Change-in-Control Arrangements 69 2023 CEO Pay Ratio 75 Pay Versus Performance 75 Table of Contents Page DIRECTOR COMPENSATION 78 Director Compensation 79 OTHER MATTERS 80 ADDITIONAL INFORMATION 80 Appendix A A-1 Appendix B B-1 Appendix C C-1 Appendix D D-1 Table of Contents GENERAL INFORMATION ABOUT THIS PROXY STATEMENT AND THE 2024 ANNUAL MEETING Why am I receiving these proxy materials? These proxy materials are being provided to the shareholders of Virtus Investment Partners, Inc., a Delaware corporation ("Virtus," the "Company," "we," "our" or "us"), in connection with the solicitation of proxies by our Board of Directors (the "Board") to be voted at our 2024 Annual Meeting of Shareholders (the "Annual Meeting") and at any adjournment or postponement thereof, to be held on Wednesday, May 15, 2024 at 9:00 A.M. EDT at the Company's offices, One Financial Plaza, 19th Floor, Hartford, Connecticut. The Notice of Annual Meeting, Proxy Statement and voting instructions, together with our 2023 Annual Report, will be mailed and/or made available to each shareholder entitled to vote starting on or about April 5, 2024. Shareholders are invited to attend the Annual Meeting and are entitled and requested to vote on the matters set forth in the Notice of Annual Meeting, as described in this Proxy Statement. How will the Annual Meeting be conducted? Pursuant to our Amended and Restated Bylaws (the "Bylaws"), the Board has broad responsibility and legal authority to adopt rules and regulations for the Annual Meeting to ensure the meeting is conducted in an order

View Full Filing

View this DEF 14A filing on SEC EDGAR