WisdomTree Files Additional Proxy Materials

TL;DR

WisdomTree filed more proxy docs, likely for shareholder votes. Keep an eye on their next moves.

AI Summary

WisdomTree, Inc. filed a Definitive Additional Materials proxy statement (DEFA14A) on June 3, 2024. This filing relates to the company's proxy materials, likely concerning upcoming shareholder votes or proposals. The filing does not contain specific financial figures or dates for events within the summary itself, but serves as an addendum to previously filed proxy statements.

Why It Matters

This filing indicates ongoing corporate governance activities and shareholder communication from WisdomTree, Inc., which can influence investor decisions and company direction.

Risk Assessment

Risk Level: low — The filing is a routine proxy statement addendum and does not contain new financial risks or significant operational changes.

Key Players & Entities

• WisdomTree, Inc. (company) — Registrant
• Sean M. Donahue (person) — Copy recipient, legal counsel
• 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

• x531240defa14a.htm (DEFA14A) — 30KB
• wt_logosmall.jpg (GRAPHIC) — 6KB
• 0001214659-24-010387.txt ( ) — 40KB

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 Institutional Shareholder Services joined Glass Lewis in recommending that stockholders vote “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 Institutional Shareholder Services Joins Glass Lewis in Recommending Votes “ FOR ” ALL Nine WisdomTree Board Nominees ISS Endorses Company’s Leadership and Strong Corporate Governance Practices Firm Emphasizes Company’s Solid Core Business Performance, Margin Improvement, and Peer-Leading Total Stockholder Returns 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 Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, has recommended that stockholders vote “ 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 ISS recognizes the value WisdomTree continues to deliver to its stockholders, much as Glass Lewis did earlier today. The ISS report notes that WisdomTree’s peer-leading total stockholder returns are not reflective of dissident stockholder ETFS Capital’s actions, but rather a direct result of the Company’s strong operational performance, specifically the strong expansion in WisdomTree’s gross and adjusted operating margins and the solid performance of WisdomTree’s core business.” Regarding WisdomTree’s strong performance and growing digital assets strategy, ISS wrote in its report: 1 · “The company is focused on margin improvement under the supervision of the reconstituted board, its core business is performing well , and the company’s TSR has significantly outperformed that of its peers over the past three years.” · “[ T]he solid performance of WT’s core business appears to outweigh any potential concerns investors may have about the DeFi initiatives , as evidenced by the company’s TSR outperformance over the past three years.” · “In 2024, it is more difficult to conclude that the dissident’s campaign has driven the share price performance, as the shares…barely moved on Feb. 27, the day that the company disclosed its ongoing discussions with Tuckwell.” Regarding WisdomTree’s Board refreshment and corporate governance practices, ISS wrote in its report: · “The board has been declassified and refreshed, and all committees are chaired by directors that have joined within the last three years.” · “Critically, the two directors placed on the board by the dissident have expressed full confidence in the current direction of the company. As there is no case for incremental change at this juncture , shareholders are recommended to vote FOR all management nominees.” Both ISS and Glass Lewis have made independent assessments and concluded that there is no case for change at WisdomTree. In line with both firms’ recommendations, WisdomTree urges stockholders to vote “ FOR ” all nine director nominees using the WHITE proxy card, including Anthony Bossone, Win Neuger, and Jonathan Steinberg, to ensure WisdomTree stays on the right track and is overseen by a Board with the right mix of skillsets, expertise and institutional knowledge to oversee the Company’s growth. _____________________________ 1 Permission to use ISS q

View Full Filing

View this DEFA14A filing on SEC EDGAR