GAMCO INVESTORS, INC. (NYSE:GBL) Files An 8-K Other Events

GAMCO INVESTORS, INC. (NYSE:GBL) Files An 8-K Other Events
Item 8.01

Other Events.
On June 1, 2017, the Compensation Committee of Associated Capital Group, Inc.. (“AC”) accelerated the vesting of all of AC’s 420,240 outstanding RSAs effective June 15, 2017. As a result of this decision by AC, GAMCO Investors, Inc. (“GBL”) will incur incremental non-cash charges of approximately $2.5 million, or $0.08 per diluted share, (after management fee and tax benefit) in the second quarter ending June 30, 2017. This amount relates to the GAMCO teammates who currently hold AC RSAs. There will be no further expense related to these AC RSAs recorded after the second quarter ended June 30, 2017.


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 up +0.41 at 29.41 with 64,478 shares trading hands.

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