Every material Form 8-K Affiliated Managers has filed with the SEC since November 15, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Affiliated Managers Group reported second-quarter 2026 results that improved sharply from a year earlier, with revenue of $640.7 million versus $493.2 million and net income attributable to the controlling interest of $186 million versus $84 million. The company also declared a quarterly dividend of $0.01 per share and repurchased $189 million of stock in the quarter.
Diluted EPS was $6.95 for Q2 2026 versus $2.80 for Q2 2025; Economic EPS was $8.29, up 54% year over year
Consolidated revenue was $640.7 million for the quarter, up from $493.2 million; record AUM was $942.4 billion at June 30, 2026
Quarterly dividend of $0.01 per share is payable August 24, 2026 to holders of record on August 10, 2026
Share repurchases were $189 million in Q2 and $375 million in the first half of 2026
Affiliated Managers Group entered a Fourth Amended and Restated Credit Agreement on June 9, 2026, providing a $1.25 billion senior unsecured revolving credit facility with Bank of America as administrative agent. It replaces the company's prior credit agreement dated November 15, 2024, and borrowings may fund general corporate purposes, including repurchases of common stock and cash dividends.
Facility size is $1.25 billion, maturing June 9, 2031
Company may increase commitments by up to $750 million, subject to conditions
Covenants include leverage and interest coverage financial tests, plus limits on priority debt, asset sales and fundamental changes
Affiliated Managers Group reported first-quarter 2026 results that improved sharply from a year earlier, with diluted EPS of $3.84 versus $2.20 and Economic EPS of $8.23, up 58%. The company also declared a $0.01 per share quarterly dividend and repurchased approximately $186 million of common stock during the quarter.
Consolidated revenue of $544.9 million, up from $496.6 million in the first quarter of 2025
Net income attributable to the controlling interest of $110.4 million, up from $72.4 million
Record assets under management of $882.0 billion and net client cash flows of $22.5 billion
Quarterly dividend of $0.01 per share, payable May 26, 2026 to holders of record on May 11, 2026
AMG announced that G. Staley Cates, former Vice Chairman of Southeastern Asset Management, will join its Board as an independent director effective April 1, 2026. Director Karen L. Alvingham, who joined the Board in January 2018, will retire from the Board on the same date, and Jay C. Horgen was re-appointed President effective April 1, 2026 while continuing as Chief Executive Officer. The filing contains no financial results, so the changes affect board composition and leadership titles rather than reported performance.
G. Staley Cates joins the Board as an independent director effective April 1, 2026; he was Vice Chairman of Southeastern from 2015 through 2024 and its President from 1989 through 2015.
Karen L. Alvingham will retire from the Board effective April 1, 2026; she was appointed in January 2018.
Jay C. Horgen was re-appointed President effective April 1, 2026 and will continue to serve as Chief Executive Officer.
Affiliated Managers Group reported fourth-quarter 2025 diluted EPS of $11.21, up from $4.92 a year earlier, with net income attributable to the company of $347.6 million, helped by $243.8 million of affiliate transaction gains. The board also declared a $0.01 quarterly dividend and authorized an additional repurchase program of up to 4.2 million shares, bringing total available repurchase capacity to about 6 million shares.
Q4 2025 consolidated revenue was $556.6 million, versus $524.2 million in Q4 2024
Q4 2025 Economic EPS was $9.48, versus $6.53 a year earlier; full-year 2025 Economic EPS was $26.05
Full-year 2025 diluted EPS was $22.74, versus $15.13 in 2024
Dividend of $0.01 per share is payable March 9, 2026 to holders of record on February 23, 2026
Affiliated Managers Group said President and Chief Operating Officer Thomas M. Wojcik will leave the company on March 6, 2026, with his duties being split among other senior leaders. The filing lists separation payments of $5,025,000 in 2026 and a further $11,050,000 in early 2027, subject to conditions, and cancels his unvested equity awards.
Thomas M. Wojcik steps down as President and Chief Operating Officer effective March 6, 2026
Cash payments of $5,025,000 in 2026, conditioned on a separation and release agreement
Additional $11,050,000 cash payment in Q1 2027, conditioned on ongoing obligations through early 2027
No long-term or short-term incentive pay for 2025 or 2026; all unvested equity awards cancelled on departure date
Affiliated Managers Group completed the sale of $425 million of 5.500% senior notes maturing February 15, 2036. The company plans to use the net proceeds to redeem in full its 5.15% Convertible Trust Preferred Securities due 2037, with any remainder for general corporate purposes. The filing is a debt financing that refinances existing securities and does not report new earnings or guidance.
Issued $425,000,000 aggregate principal of 5.500% Senior Notes due February 15, 2036
Interest payable February 15 and August 15 each year, beginning August 15, 2026
Proceeds intended to redeem in full the 5.15% Convertible Trust Preferred Securities due 2037 of AMG Capital Trust II
Underwriting agreement dated December 8, 2025 with BofA Securities, Citigroup Global Markets and Wells Fargo Securities as representatives
Affiliated Managers Group reported third-quarter 2025 results on November 3, with revenue of $528.0 million, up from $516.4 million a year earlier, and net income attributable to the controlling interest of $212.4 million, up from $123.6 million. The results include a gain of approximately $100 million on the Peppertree transaction, while net client cash inflows were approximately $9 billion in the quarter. The board also declared a $0.01 per share quarterly dividend, payable November 28, 2025.
Diluted EPS was $6.87 versus $3.78 a year earlier; Economic EPS was $6.10 versus $4.82, growth of 27%.
Revenue was $528.0 million versus $516.4 million; total consolidated expenses rose to $409.2 million from $374.7 million.
Net income includes a gain of approximately $100 million on the Peppertree transaction, which is excluded from Adjusted EBITDA.
Quarterly dividend of $0.01 per share is payable November 28, 2025 to holders of record on November 13, 2025.
Affiliated Managers Group named Marcy Engel as an independent director, effective September 30, 2025. Director Dwight D. Churchill, who joined the board in February 2010, will retire from the board on the same date. The filing reports no financial results, and the changes are board-level governance updates.
Marcy Engel appointed independent director effective September 30, 2025
Engel previously served as chair of Sculptor Capital Management's board, 2021 through 2023
Dwight D. Churchill to retire from the board effective September 30, 2025 after about 15 years of service
Churchill previously chaired the Audit Committee and served as board chair and interim chair
Affiliated Managers Group reported second-quarter 2025 results, with diluted EPS of $2.80 versus $2.26 a year earlier and Economic EPS of $5.39 versus $4.67, while consolidated revenue fell to $493.2 million from $500.3 million. The company also declared a $0.01 per share quarterly dividend and reported about $100 million of Q2 share repurchases, which matters to shareholders because profit per share rose even as revenue declined.
Q2 2025 net income (controlling interest) was $84.3 million, up from $76.0 million; first-half net income was $156.6 million, down from $225.8 million.
Net client cash flows were $8.1 billion in Q2 2025, compared with $0.9 billion a year earlier.
About $100 million of stock was repurchased in Q2 and about $273 million in the first half of 2025.
Quarterly dividend of $0.01 per share is payable August 25, 2025 to holders of record on August 11, 2025.
AMG appointed Thomas M. Wojcik as President effective June 3, 2025, while he continues as Chief Operating Officer and reports to Chief Executive Officer Jay C. Horgen. The board's Compensation Committee approved a one-time restricted stock unit award to Mr. Wojcik with a grant-date fair value of $5 million, vesting in March 2030 and subject to performance conditions.
Thomas M. Wojcik appointed President effective June 3, 2025, and remains Chief Operating Officer
Jay C. Horgen continues as Chief Executive Officer
One-time restricted stock unit award with a fair value at grant of $5 million, vesting March 2030, fully subject to performance-based conditions
Mr. Wojcik joined AMG in 2019 and served as Chief Financial Officer from 2019 through 2024
Affiliated Managers Group reported first-quarter 2025 diluted EPS of $2.20, down from $4.14, and revenue of $496.6 million, down from $499.9 million. Intangible amortization and impairments rose to $83.3 million from $7.3 million, and the company's non-GAAP Economic EPS was $5.20 versus $5.37. The filing also declares a $0.01 per share dividend payable June 2, 2025.
Diluted EPS $2.20 vs. $4.14 a year earlier; net income (controlling interest) $72.4 million vs. $149.8 million
Revenue $496.6 million vs. $499.9 million; Adjusted EBITDA $228.2 million vs. $259.8 million
Intangible amortization and impairments $83.3 million vs. $7.3 million; Economic EPS $5.20 vs. $5.37
Repurchased approximately $173 million of common stock; $0.01 dividend payable June 2, 2025 to holders of record May 19, 2025
Affiliated Managers Group reported fourth-quarter 2024 revenue of $524.2 million, up from $502.7 million a year earlier, while diluted EPS fell to $4.92 from $5.15 and controlling-interest net income fell to $162.1 million from $196.2 million. For full-year 2024, economic EPS rose 10% to $21.36 while GAAP diluted EPS fell to $15.13 from $17.42, and the company repurchased $700 million of stock.
Q4 2024 revenue was $524.2 million vs. $502.7 million in Q4 2023; Q4 diluted EPS was $4.92 vs. $5.15
Q4 economic EPS was $6.53 vs. $6.86; full-year 2024 economic EPS was $21.36 vs. $19.48
Full-year 2024 revenue was $2,040.9 million vs. $2,057.8 million; 2023 GAAP results included Affiliate Transaction gains of $133.1 million
Board declared a $0.01 per share quarterly dividend, payable March 4, 2025 to holders of record on February 18, 2025
Affiliated Managers Group said director Reuben Jeffery III retired from its Board of Directors, effective immediately, after notifying the company on January 30, 2025. The company also said Dwight D. Churchill has been named Chair of the Board. The filing reports no financial results or figures, so the change is a board-level administrative update.
Reuben Jeffery III notified AMG of his retirement from the Board on January 30, 2025, effective immediately
Dwight D. Churchill has been named Chair of the Board
The filing contains no financial results, guidance or compensation figures
Affiliated Managers Group signed a Third Amended and Restated Credit Agreement providing a $1.25 billion senior unsecured revolving credit facility, replacing its October 2021 credit agreement. The company may increase commitments by up to $500 million, subject to conditions, and can use borrowings for general corporate purposes including repurchases of common stock and cash dividends.
Facility totals $1.25 billion and matures on November 15, 2029, with Bank of America, N.A. as administrative agent
Company may increase commitments under the facility by up to $500 million, subject to certain conditions
Facility includes leverage and interest coverage financial covenants and limits on priority indebtedness, asset dispositions and fundamental corporate changes
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