DIAMOND HILL INVESTMENT GROUP, INC. (NASDAQ:DHIL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On April 19, 2018, Diamond Hill Investment Group, Inc. (the "Company") announced that Lisa M. Wesolek would be stepping down as Chief Operating Officer effective April 30, 2018, and that she would be retiring from employment with the Company on December 31, 2018. In connection with her retirement and in recognition of her service to the Company, Ms. Wesolek entered into an agreement with the Company effective June 6, 2018. She will continue to receive her current base salary through December 31, 2018. Upon her retirement and contingent upon execution of a release of claims against the Company, Ms. Wesolek will receive a lump sum payment of $1.5 million, plus reimbursement of premiums for continuation of health and dental benefits. In addition, Ms. Wesolek has forfeited her existing restricted stock grant of 10,000 common shares of the Company. |
About DIAMOND HILL INVESTMENT GROUP, INC. (NASDAQ:DHIL)
Diamond Hill Investment Group, Inc. provides investment advisory and fund administration services. The Company’s subsidiaries include Diamond Hill Capital Management, Inc. (DHCM), Beacon Hill Fund Services, Inc. (BHFS) and BHIL Distributors, Inc. (BHIL). Its primary objective is to fulfill its fiduciary duty to clients. The Company provides investment management and administration services to mutual funds, institutional accounts and private investment funds. It provides investment advisory services to a range of clients, including corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions and high net worth individuals. It provides fund administration services to the Funds and other third-party mutual fund companies and investment advisers. DHCM is an investment adviser to the Diamond Hill Funds (the Funds), a series of open-end mutual funds, private investment funds, an exchange traded fund and other institutional accounts.