Every material Form 8-K Moelis & filed with the SEC in 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.
Moelis & Company reported third quarter 2024 results, with GAAP revenues of $273.8 million and GAAP net income of $19.2 million, or $0.22 per diluted share, compared with a GAAP net loss of $11.4 million in the prior-year quarter. The company also declared a regular quarterly dividend of $0.60 per share, which shareholders of record on November 4, 2024 will receive on December 2, 2024.
Third quarter GAAP revenues were $273.8 million, up from $272.2 million a year earlier; adjusted revenues were $280.7 million, up 1%
GAAP net income was $19.2 million, or $0.22 per diluted share, versus a net loss of $11.4 million in Q3 2023
First nine months 2024 GAAP revenues were $755.8 million; adjusted revenues rose 18% from the prior-year period
Quarterly dividend of $0.60 per share, payable December 2, 2024 to holders of record on November 4, 2024
Moelis & Company's board elected Dr. Louise Mirrer as a director effective September 17, 2024, and the board determined she is independent under NYSE and Rule 10A-3 standards. The filing describes a non-employee director pay package of $200,000 a year, split between $100,000 in cash or Class A shares and $100,000 in restricted stock units, plus an indemnification agreement.
Board elected Dr. Louise Mirrer as a director on September 13, 2024; her term begins September 17, 2024
Annual non-employee director compensation of $200,000: $100,000 in cash or Class A shares, and $100,000 in restricted stock units
Dr. Mirrer previously served as President and CEO of the New York Historical Society since 2004
Press release dated September 17, 2024 furnished as Exhibit 99.1
Moelis & Company reported second-quarter 2024 results, with GAAP revenue up 47% to $264.6 million and GAAP net income attributable to the company of $13.2 million, compared with a loss a year earlier. The firm also declared a $0.60 per share quarterly dividend and reported $191.3 million in cash and liquid investments with no funded debt. The company notes that revenue and net income can fluctuate materially with the number, size and timing of completed transactions.
Second-quarter GAAP revenue was $264.6 million, compared with $179.9 million a year earlier; adjusted revenue rose 45%.
GAAP diluted earnings were $0.17 per share, compared with a loss of $0.17 per share in Q2 2023; adjusted diluted earnings were $0.18 per share.
Quarterly dividend of $0.60 per share, payable September 26, 2024, to holders of record on August 5, 2024.
Cash and short-term investments of $191.3 million as of June 30, 2024, with no debt or goodwill.
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 Moelis & filing is on SEC EDGAR ↗. 8-K briefs of other companies →