ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) Files An 8-K Other EventsItem 8.01
ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) Files An 8-K Other Events
Other Events.
On June 1, 2017, the Compensation Committee of Associated Capital Group, Inc. (“AC” or the “Company”) accelerated the vesting of all 420,240 outstanding restricted stock awards (“RSAs”) effective June 15, 2017. AC will incur incremental non-cash charges of aproximately $1.5 million or $0.06 per diluted share (after management fee and tax benefit) in the second quarter ending June 30, 2017. There will be no further expense related to these RSAs recorded after the second quarter ended June 30, 2017.
About ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC)
Associated Capital Group, Inc. is the parent operating company for the Spin-off of GAMCO Investors, Inc.’s (GAMCO’s) alternative investment management business, institutional research services operations and certain cash and other assets. The Company operates through the investment advisory and asset management business segment. The Company conducts its investment advisory business principally through Gabelli Securities, Inc. (GSI). GSI and its subsidiary, Gabelli & Partners, LLC (Gabelli & Partners), collectively serve as general partners, co-general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts. The Company primarily manages assets in equity event-driven value strategies, across a range of risk and event arbitrage portfolios. The Company operates its institutional research services operations through G.research, LLC (G.research), a subsidiary of GSI. ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) Recent Trading Information
ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) closed its last trading session up +0.15 at 34.05 with 11,356 shares trading hands.
Associated Capital Group, Inc. is the parent operating company for the Spin-off of GAMCO Investors, Inc.’s (GAMCO’s) alternative investment management business, institutional research services operations and certain cash and other assets. The Company operates through the investment advisory and asset management business segment. The Company conducts its investment advisory business principally through Gabelli Securities, Inc. (GSI). GSI and its subsidiary, Gabelli & Partners, LLC (Gabelli & Partners), collectively serve as general partners, co-general partners or investment managers to investment funds, including limited partnerships and offshore companies (collectively, Investment Partnerships), and separate accounts. The Company primarily manages assets in equity event-driven value strategies, across a range of risk and event arbitrage portfolios. The Company operates its institutional research services operations through G.research, LLC (G.research), a subsidiary of GSI. ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) Recent Trading Information
ASSOCIATED CAPITAL GROUP, INC. (NYSE:AC) closed its last trading session up +0.15 at 34.05 with 11,356 shares trading hands.