Westwood Holdings Group Announces Director Changes
Ticker: WHG · Form: 8-K · Filed: Oct 8, 2024 · CIK: 1165002
| Field | Detail |
|---|---|
| Company | Westwood Holdings Group Inc (WHG) |
| Form Type | 8-K |
| Filed Date | Oct 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $350,000, $250,000, $150,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation
TL;DR
Board shakeup at Westwood Holdings: Brian Storm out, David Shiffman in. Details on exec pay also filed.
AI Summary
Westwood Holdings Group, Inc. announced on October 8, 2024, the departure of director Brian R. Storm and the election of new director David M. Shiffman. The company also reported on compensatory arrangements for certain officers, though specific details and dollar amounts were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and compensatory arrangements, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Westwood Holdings Group, Inc. (company) — Registrant
- Brian R. Storm (person) — Departing Director
- David M. Shiffman (person) — Newly Elected Director
- October 8, 2024 (date) — Date of Report
FAQ
Who has departed from the Westwood Holdings Group, Inc. board of directors?
Brian R. Storm has departed from the board of directors of Westwood Holdings Group, Inc.
Who has been elected as a new director to the Westwood Holdings Group, Inc. board?
David M. Shiffman has been elected as a new director to the board of Westwood Holdings Group, Inc.
What is the exact date of this Form 8-K filing?
The exact date of this Form 8-K filing is October 8, 2024.
What are the primary items reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the principal executive office address for Westwood Holdings Group, Inc.?
The principal executive office address for Westwood Holdings Group, Inc. is 200 Crescent Court, Suite 1200, Dallas, Texas 75201.
Filing Stats: 1,017 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-10-08 08:00:25
Key Financial Figures
- $0.01 — ich Registered Common stock, par value $0.01 per share WHG New York Stock Exchange
- $350,000 — ments will consist of a cash payment of $350,000 to be made in February 2025; a cash pay
- $250,000 — ade in February 2025; a cash payment of $250,000 to be made in February 2026; and a cash
- $150,000 — in February 2026; and a cash payment of $150,000 to be made in February 2027 (the "Restr
Filing Documents
- whg-20241008.htm (8-K) — 27KB
- westwood-leahbennetttransi.htm (EX-10.1) — 45KB
- image_0.jpg (GRAPHIC) — 43KB
- 0001165002-24-000070.txt ( ) — 264KB
- whg-20241008.xsd (EX-101.SCH) — 2KB
- whg-20241008_lab.xml (EX-101.LAB) — 21KB
- whg-20241008_pre.xml (EX-101.PRE) — 12KB
- whg-20241008_htm.xml (XML) — 3KB
01: FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits: The following exhibit is furnished with this report: Exhibit Number Description 10.1 Resignation and Transition Agreement, dated October 7 , 2024, by and between Leah Bennett and Westwood Holdings Group, Inc. 104 Cover Page Interactive Date 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. Date: October 8, 2024 WESTWOOD HOLDINGS GROUP, INC. By: /s/ Murray Forbes III Murray Forbes III Chief Financial Officer and Treasurer