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