WisdomTree Files Proxy Materials

TL;DR

WisdomTree dropped more proxy docs, check 'em before you vote.

AI Summary

WisdomTree, Inc. filed a Definitive Additional Materials proxy statement on May 31, 2024. This filing is an amendment to previous filings and concerns the company's proxy materials. The filing does not appear to contain specific financial figures or new proposals, but rather supplementary information for shareholders.

Why It Matters

This filing provides shareholders with updated or additional information necessary for them to make informed decisions when voting on company matters.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement amendment and does not appear to introduce new risks or significant changes.

Key Players & Entities

• WisdomTree, Inc. (company) — Registrant
• Sean M. Donahue (person) — Copy recipient
• Paul Hastings LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $109 billion — WisdomTree currently has approximately $109 billion in assets under management globally. F

Filing Documents

• g531242defa14a.htm (DEFA14A) — 34KB
• wt_logosmall.jpg (GRAPHIC) — 6KB
• 0001214659-24-010333.txt ( ) — 44KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to §240.14a-12 WisdomTree, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Copies to: Sean M. Donahue Paul Hastings LLP 2050 M Street NW Washington, DC 20036 (202) 551-1704 Payment of Filing Fee (Check all boxes that apply) No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. On May 31, 2024, WisdomTree, Inc. (“WisdomTree”) issued a press release announcing that Glass Lewis has recommended that stockholders vote “for” all WisdomTree proposals, including for all nine WisdomTree Board nominees, at WisdomTree’s 2024 annual meeting of stockholders. A copy of the press release is set forth below. Leading Independent Proxy Advisory Firm Glass Lewis Recommends Votes for All WisdomTree Proposals, Including Votes for All Nine WisdomTree Board Nominees and Reiterates Company’s “Compelling” Strategic Vision Glass Lewis Endorses Company’s Leadership and Strategy to Continue Delivering Stockholder Value Firm Emphasizes Company’s Peer-Leading Operational Performance and Market-leading Position in Tokenization and Digital Assets WisdomTree Urges Stockholders to Vote “ FOR ” ALL NINE of its Highly Qualified Director Nominees on the WHITE Proxy Card NEW YORK – May 31, 2024 – WisdomTree, Inc. (NYSE: WT), a global financial innovator, today announced that Glass Lewis, a leading independent proxy advisory firm, has recommended that stockholders vote “ FOR ” all WisdomTree proposals, including “ FOR ” all nine members of WisdomTree’s Board of Directors, including Anthony Bossone, Win Neuger and Jonathan Steinberg, at WisdomTree’s 2024 Annual Meeting of Stockholders (“2024 Annual Meeting”). Win Neuger, Chair of the WisdomTree Board of Directors, said, “We are pleased that Glass Lewis recognizes the value WisdomTree continues to deliver to its stockholders. After a careful review of the facts and meeting with representatives of WisdomTree’s Board, Glass Lewis affirms that our current strategy is working and has resulted in strong financial results, peer-leading stockholder returns and momentum across our business, including through our growing digital assets strategy.” Glass Lewis also reiterates the invaluable institutional knowledge that Messrs. Neuger, Bossone and Steinberg bring to the Board, which has been significantly refreshed over the past three years. Glass Lewis determined that dissident stockholder ETFS Capital’s arguments as part of its campaign to disrupt the Company’s continued progress “are insufficient and unconvincing, and therefore, do not warrant shareholder opposition to Management Nominees Bossone, Neuger and Steinberg at this time.” 1 Regarding WisdomTree’s strong performance and growing digital assets strategy, Glass Lewis wrote in its report: · “The one- and three-year growth rates in annual revenue and EBITDA of the Company through CY2023 outpaced all (or substantially all) of the corresponding growth rates observed in the Traditional Asset Manager Peer Group.” · “Over the unaffected one- and three-year periods ended February 26, 2024, the average NTM EBITDA, EBIT, and EPS multiples of the Company significantly exceeded the corresponding trading multiples observed in 11 out of 12 firms in the Traditional Asset Manager Peer Group, trailing only BlackRock by a narrow margin with differences in the low single-digits.” · “Taken together, our findings suggest that the Company’s operating performance has been reasonably in line with or better than its peers over the past year , and investors may have already been ascribing a premium trading valuation to the Company’s shares compared to other traditional asset managers.” · “We maintain our belief that the stated vision of the Company’s board and management team is more compelling than that of the Dissident …Considering the Company’s early-mover advantage and market-leading position in tokenization and digital assets, we believe the Dissident’s calls for the Company to abandon the DeFi initiatives continue to be premature at this stage.” _______________________

View Full Filing

View this DEFA14A filing on SEC EDGAR