Virtus Investment Partners, Inc. (NASDAQ:VRTS) 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.
Virtus Investment Partners, Inc. (NASDAQ:VRTS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) Election of Directors
On December 7, 2016, the Board of Directors of Virtus Investment Partners (the “Company”) elected Ms. Sheila Hooda to serve as a Class III director of the Company. Ms. Hooda currently is the CEO and President of Alpha Advisory Partners. The Board appointed Ms. Hooda to its Audit Committee and Risk and Finance Committee.
Ms. Hooda will be compensated for her service on the Board in accordance with the Company’s compensation program for non-employee directors. As compensation for the remainder of the 2016 Board service year, Ms. Hooda will receive a pro rata portion of the Company’s annual cash retainer and equity compensation in a cash payment.
There are no arrangements or understandings between Ms. Hooda and any other person to which she was selected as a director.
A press release announcing the election of Ms. Hooda, is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release of Virtus Investment Partners, Inc., dated December 12, 2016
About Virtus Investment Partners, Inc. (NASDAQ:VRTS)
Virtus Investment Partners, Inc. is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high net-worth clients of its affiliated managers. Virtus Investment Partners, Inc. (NASDAQ:VRTS) Recent Trading Information
Virtus Investment Partners, Inc. (NASDAQ:VRTS) closed its last trading session down -3.80 at 115.15 with 75,711 shares trading hands.
Virtus Investment Partners, Inc. is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high net-worth clients of its affiliated managers. Virtus Investment Partners, Inc. (NASDAQ:VRTS) Recent Trading Information
Virtus Investment Partners, Inc. (NASDAQ:VRTS) closed its last trading session down -3.80 at 115.15 with 75,711 shares trading hands.
