LEGG MASON, INC. (NYSE:LM) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
LEGG MASON, INC. (NYSE:LM) Files An 8-K Regulation FD Disclosure
Beginning with the release of its operating results for the quarter ended June 30, 2019, as supplemental financial information Legg Mason, Inc. (the \”Company\”) will provide \”Adjusted Net Income\” and \”Adjusted Earnings per Diluted Share\” (\”Adjusted EPS\”), which are performance measures based on methodologies other than generally accepted accounting principles (\”non-GAAP\”). The Company\’s management uses these performance measures as benchmarks to evaluate and compare its period-to-period operating performance and believes that these measures provide useful information about operating results of the Company\’s core asset management business and facilitate the comparison of its results to other asset management firms.
A description and related reconciliation of Net Income (Loss) Attributable to Legg Mason, Inc. to Adjusted Net Income and of Net Income (Loss) per Diluted Share Attributable to Legg Mason, Inc. Shareholders to Adjusted EPS is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information furnished under this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed \”filed\” for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
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LEGG MASON, INC. Exhibit
EX-99.1 2 exhibit991non-gaapmeasures.htm EXHIBIT 99.1 Exhibit Supplemental Non-GAAP Financial InformationBeginning with the quarter ended June 30,… To view the full exhibit click here
About LEGG MASON, INC. (NYSE:LM) Legg Mason, Inc. is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities. The Company operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, Company-sponsored investment funds and retail separately managed account programs. It offers its products and services directly and through various financial intermediaries. It has operations principally in the United States and the United Kingdom and also has offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan. |