Every material Form 8-K Affiliated Managers filed with the SEC in 2025, 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 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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Affiliated Managers filing is on SEC EDGAR ↗. 8-K briefs of other companies →