Every material Form 8-K Virtus Investment Partners has filed with the SEC since July 26, 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.
Virtus Investment Partners appointed John T. Boyce as a director effective August 19, 2026, and as a member of the Audit Committee. Boyce previously led North America distribution at Insight Investment and Standard Life Investments, a role that the company says brings distribution and operating expertise to its board.
Boyce was appointed effective August 19, 2026, and joins the Audit Committee.
Boyce, 66, served as head of North America distribution for Insight Investment from 2018 to 2023.
He will receive pro rata cash retainer and equity compensation for the remainder of the 2026 board service year.
The filing states there is no arrangement under which Boyce was selected as a director.
Virtus Investment Partners reported second-quarter 2026 results on July 30, 2026. GAAP diluted earnings per share rose 9% to $6.68, helped by $2.65 per share of investment gains, while revenue fell 4% year over year to $201.4 million and adjusted diluted EPS fell 20% to $5.54. Net outflows of $5.6 billion narrowed from $8.4 billion in the first quarter, but assets under management were $152.2 billion, down from $170.7 billion a year earlier.
Revenues were $201.4 million, down 4% from $210.5 million a year earlier and up 1% from $199.5 million in the first quarter of 2026.
GAAP diluted EPS was $6.68 versus $6.12 a year earlier; the company cited $2.65 per share of realized and unrealized gains on investments.
Adjusted diluted EPS was $5.54 versus $6.91 a year earlier, a 20% decline.
Net outflows were $5.6 billion versus $8.4 billion in the prior quarter; assets under management were $152.2 billion at June 30, 2026.
Virtus Investment Partners reported first-quarter 2026 diluted EPS of $1.05, down from $4.05 a year earlier, and revenue of $199.5 million, down 8%. Net income attributable to the company fell 75% to $7.1 million, weighed by $1.69 per share of investment losses and $0.62 per share of acquisition and integration costs, along with net outflows of $8.4 billion. The release contains results only and no guidance.
Diluted EPS of $1.05 vs. $4.05 a year earlier and $5.17 in Q4 2025; adjusted diluted EPS of $5.38 vs. $6.38 a year earlier
Revenue of $199.5 million, down 8% from $217.9 million; GAAP operating income of $15.4 million vs. $36.6 million
Ending assets under management of $149.0 billion at March 31, 2026, down 11% from $167.5 billion; net flows of ($8.4) billion
Closed majority investment in Keystone for $200 million on March 1, 2026; cash fell to $136.6 million from $386.5 million at December 31, 2025
Virtus Investment Partners completed its acquisition of 56% of the equity of Keystone National Group, a private credit manager, effective March 1, 2026. The filing says the purchase price includes $200 million in cash at closing, with further cash payments of $65 million and $30 million due on the first and second anniversaries, plus up to $75 million of contingent payments tied to Keystone revenue targets. Virtus said it financed the deal from existing balance sheet resources and may acquire up to an additional 19% of Keystone through put and call options.
Closed March 1, 2026; Virtus acquired 56% of Keystone's equity under a Purchase Agreement dated December 5, 2025
Cash at closing of $200 million, subject to customary adjustments, plus $65 million on the first anniversary and $30 million on the second anniversary
Up to $75 million of contingent cash consideration over two to three years, tied to specified Keystone revenue targets
Keystone managed $2.5 billion as of December 31, 2025; Virtus may acquire up to an additional 19% of equity through options
Virtus Investment Partners reported fourth-quarter 2025 results, with revenue down 11% from a year earlier to $208.0 million and adjusted diluted earnings per share down 13% to $6.50. GAAP diluted earnings per share rose 11% to $5.17, but the company said that reflected items such as investment gains and fair value adjustments, and assets under management fell to $159.5 billion, which matters to shareholders because lower assets generally reduce fee revenue.
Revenue of $208.0 million, down 11% from $233.5 million a year earlier and down 4% from $216.4 million in the prior quarter
GAAP diluted EPS of $5.17 versus $4.66 a year earlier; adjusted diluted EPS of $6.50 versus $7.50
Net outflows of $8.1 billion in the quarter versus $4.8 billion a year earlier; ending assets under management of $159.5 billion, down 9% year over year
Cash and cash equivalents of $386.5 million at December 31, 2025; the company repurchased 60,292 shares for $10.0 million during the quarter
Virtus Investment Partners agreed on December 5, 2025 to buy a 56% equity stake in Keystone National Group, an asset-backed private credit manager, with an option to acquire up to an additional 19%. The deal includes $200 million in cash at closing and up to $170 million in deferred and contingent payments, and Virtus expects to fund it from existing balance sheet resources. Closing is expected in the first quarter of 2026 and depends on client consents, regulatory clearance and approval by the Keystone Private Income Fund board and shareholders.
Closing payment of $200 million in cash, subject to adjustment; 56% equity stake at closing, with up to an additional 19% through put/call options
Deferred cash of $65 million at the first anniversary of closing and $30 million at the second anniversary, plus up to $75 million of contingent consideration tied to Keystone revenue targets
Keystone managed $2.5 billion as of October 31, 2025; its flagship fund, Keystone Private Income Fund, has $2.0 billion
Expected to close in the first quarter of 2026 and be accretive to earnings in 2026; closing is not assured
Virtus Investment Partners reported third-quarter 2025 results for the period ended September 30, 2025. GAAP diluted earnings per share were $4.65, down from $5.71 a year earlier, while adjusted diluted EPS was $6.69, down 3% from $6.92, and revenues were $216.4 million, down 5% from a year earlier but up 3% from the June quarter, with net outflows of $3.9 billion for the quarter.
GAAP diluted EPS was $4.65 versus $5.71 a year earlier (down 19%) and $6.12 in the June quarter; the GAAP result included $1.54 per share of realized and unrealized investment losses.
Adjusted diluted EPS was $6.69 versus $6.92 a year earlier (down 3%) and $6.25 in the June quarter (up 7%).
Revenues were $216.4 million versus $227.0 million a year earlier; ending assets under management were $169.3 billion, down 8% from $183.7 billion, with net flows of ($3.9) billion.
The company increased its quarterly dividend 7% to $2.40 per share and completed a credit refinancing on September 26, 2025 with a new $400.0 million senior secured loan and a $250.0 million revolving credit facility.
Virtus Investment Partners entered a new credit agreement dated September 26, 2025, with Morgan Stanley Senior Funding as administrative agent, replacing its September 28, 2021 credit agreement. The new facilities include a $400.0 million seven-year term loan and a $250.0 million five-year revolving credit facility, with the term loan proceeds used to refinance the prior term loan. The filing describes the refinancing and does not report any change in earnings or guidance.
New $400.0 million term loan with a seven-year term, used to refinance the outstanding term loan under the 2021 agreement
New $250.0 million revolving credit facility with a five-year term
Interest at Term SOFR plus 2.25%, or an alternate base rate plus 1.25%
2021 credit agreement and related guarantee and collateral agreements terminated and replaced as of September 26, 2025
Virtus Investment Partners reported second-quarter 2025 results for the three months ended June 30, 2025. GAAP diluted earnings per share were $6.12, up from $2.43 a year earlier, while revenues fell 6% to $210.5 million and ending assets under management were $170.7 billion. Adjusted diluted EPS was $6.25, down 4% from a year earlier but up 9% from the prior quarter.
GAAP diluted EPS of $6.12 vs. $2.43 in Q2 2024 and $4.05 in Q1 2025
Revenues of $210.5 million, down 6% from $224.4 million a year earlier and 3% from $217.9 million in Q1 2025
Net outflows of $3.9 billion in the quarter; ending assets under management of $170.7 billion
Repurchased 175,872 shares for $30.0 million during the quarter
Virtus Investment Partners director Susan S. Fleming notified the company on June 27, 2025, that she will retire from the Board at the end of her current term in May 2026 and will not stand for re-election at the 2026 Annual Meeting of Shareholders. She will remain a director until her term ends and currently chairs the Governance Committee and serves on the Audit Committee. The filing describes a routine board succession change with no financial figures.
Susan S. Fleming notified the company and Chairman Timothy A. Holt on June 27, 2025.
Fleming's term ends in May 2026; she will not stand for re-election at the 2026 Annual Meeting.
Fleming chairs the Governance Committee and is a member of the Audit Committee until her term ends.
Fleming has served as a director since the company became independent on January 1, 2009.
Virtus Investment Partners reported first-quarter 2025 results on April 25, 2025, showing revenue of $217.9 million, down 2% from a year earlier, and GAAP diluted earnings per share of $4.05, down from $4.10. Adjusted diluted EPS was $5.73, up from $5.41, and ending assets under management fell to $167.5 billion, which shareholders may watch as a measure of future fee income.
Total revenues $217.9 million, down 2% from $222.0 million in Q1 2024 and down 7% from $233.5 million in Q4 2024
GAAP diluted EPS $4.05 vs $4.10 a year earlier; adjusted diluted EPS $5.73 vs $5.41
Ending assets under management $167.5 billion, down 7% from $179.3 billion a year earlier; net outflows of $3.0 billion
Cash dividends declared of $2.25 per common share for the quarter, vs $1.90 a year earlier
Virtus Investment Partners reported fourth-quarter 2024 results. Revenue rose 9% from a year earlier to $233.5 million, and GAAP diluted earnings per share were $4.66, up from $4.21, though down from $5.71 in the prior quarter. Net outflows of $4.8 billion and a drop in assets under management to $175.0 billion from $183.7 billion in the prior quarter weighed on the period, so results point in mixed directions for shareholders.
GAAP diluted EPS was $4.66, up 11% from $4.21 a year earlier but down 18% from $5.71 in the prior quarter
Adjusted diluted EPS was $7.50, up 23% from $6.11 a year earlier
Net outflows were $4.8 billion, including a previously disclosed $3.3 billion lower-fee partial redemption of an institutional mandate
Assets under management ended the quarter at $175.0 billion, down from $183.7 billion at September 30, 2024
Virtus Investment Partners appointed John C. Weisenseel, former chief financial officer of AllianceBernstein LP, as a director effective December 9, 2024, and as a member of the Board's Audit Committee. He will receive a pro rata portion of the annual cash retainer for the rest of the 2024 board service year under the company's non-employee director compensation program.
Appointment effective December 9, 2024, to the Board and Audit Committee
Weisenseel was CFO of AllianceBernstein LP from 2012 to 2021 and CFO of Standard & Poor's from 2007 to 2012
Will receive a pro rata portion of the annual cash retainer for the remainder of the 2024 service year and enter the standard director indemnity agreement
Virtus Investment Partners reported third-quarter 2024 results for the quarter ended September 30, 2024, with GAAP diluted earnings per share of $5.71, up from $4.19 a year earlier, and revenue of $227.0 million, up 4% from a year earlier. Assets under management reached $183.7 billion, up 13% from a year earlier, while net outflows were $1.7 billion, and the company raised its quarterly dividend 18% to $2.25 per share.
GAAP diluted EPS was $5.71 versus $4.19 a year earlier and $2.43 in the prior quarter; diluted EPS as adjusted was $6.92, up 11% year over year.
Revenue was $227.0 million, up 4% year over year and 1% sequentially; GAAP operating income was $55.3 million, up 23% year over year.
Ending assets under management were $183.7 billion at September 30, 2024, and net flows were ($1.7) billion, improved from ($2.6) billion in the second quarter.
The quarterly dividend was increased 18% to $2.25 per share, and the company repurchased 72,850 shares for $14.9 million during the quarter.
Virtus Investment Partners reported results for the quarter ended June 30, 2024, in a press release furnished as Exhibit 99.1 to its July 26, 2024 Form 8-K. Revenue rose 5% year over year to $224.4 million, but GAAP diluted earnings per share fell 41% to $2.43, with net investment losses and other items weighing on results, while adjusted diluted EPS rose 20% to $6.53. Assets under management fell 3% to $173.6 billion, with net outflows of $2.6 billion, which matters to shareholders because it reflects the asset base that generates the company's fees.
Revenues of $224.4 million, up 5% from $213.5 million a year earlier and up 1% from $222.0 million in the first quarter of 2024.
GAAP diluted EPS of $2.43, down from $4.10 a year earlier; adjusted diluted EPS of $6.53, up from $5.43.
Net outflows of $2.6 billion and total sales of $6.1 billion; ending assets under management of $173.6 billion, down 3% from $179.3 billion at March 31, 2024.
The company repurchased 55,099 shares for $12.5 million and repaid $5.7 million of debt during the quarter.
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