GAMCO INVESTORS, INC. (NYSE:GBL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Compensation Committee of the Board of Directors has unanimously
approved a deferred compensation agreement with Mario J. Gabelli,
Chief Executive Officer of GAMCO. Mr. Gabellis variable
compensation for the period from January 1, 2017 through June 30,
2017 will be in the form of Restricted Stock Units (RSUs)
determined by the volume-weighted average price of the Companys
Class A stock during such period. As a result, for the first half
of 2017, Mr. Gabelli will not be paid any cash compensation that
he is entitled to under the Employment Agreement approved by
shareholders on May 5, 2015, and consistent with Mr. Gabellis
agreement since 1977. The Board decided that deferring Mr.
Gabellis variable compensation for the first half of 2017 will
provide the Company with greater financial flexibility.
exhibit attached hereto, is not deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934 and
shall not be incorporated by reference into any registration
statement or other document to the Securities Act of 1933,
except as otherwise expressly stated in such filing.
Financial Statements and Exhibits.
About GAMCO INVESTORS, INC. (NYSE:GBL)
GAMCO Investors, Inc. (GBL) is a holding company. Through its subsidiaries, the Company provides investment advisory services to open and closed-end funds, institutional and private wealth management (PWM) investors in the United States. The Company operates in the segment of investment advisory and asset management business. The Company manages assets and invests in the United States and international securities through various investment styles. GAMCO Asset Management Inc. (Institutional and Private Wealth Management) and Gabelli Funds, LLC (Funds) are registered investment advisers. G.distributors, LLC (G.distributors) acts as an underwriter and distributor of its open-end funds. Its assets under management (AUM) are organized into three groups: Institutional and Private Wealth Management; Open and Closed-End Funds, and SICAV. The Company provides advisory services to a fund under the GAMCO brand, the GAMCO International SICAV (the SICAV). GAMCO INVESTORS, INC. (NYSE:GBL) Recent Trading Information
GAMCO INVESTORS, INC. (NYSE:GBL) closed its last trading session down -0.05 at 30.78 with 12,593 shares trading hands.