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 May 8, 2017, Associated Capital Group, Inc. (“AC” or the “Company”), with the approval of its Board of Directors, accelerated the vesting of all 420,240 outstanding restricted stock awards (“RSAs”) effective July 17, 2017. AC will incur non-cash charges of aproximately $1.2 million and $0.3 million or $0.05 and $0.01 per diluted share (after management fee and tax benefit) in the second quarter ending June 30, 2017 and third quarter ending September 30, 2017, respectively, as a result of the acceleration. The Board also intends to grant additional RSAs to teammates in the second half of 2017. The 2017 grants will be the Company’s first since its spinoff.
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 +0.35 at 33.45 with 21,149 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 +0.35 at 33.45 with 21,149 shares trading hands.
