Silvercrest Asset Management Group Inc. (SAMG) - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Silvercrest Asset Management Group Inc. on February 13, 2020, covering events occurring on February 10, 2020. The Company is a Delaware corporation with its principal executive offices in New York, New York, and its Class A common stock trades on the Nasdaq Global Market under the symbol "SAMG".
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on a corporate action regarding shareholder distributions.
Material Changes
The Board of Directors approved an increase in the quarterly dividend on February 10, 2020. The dividend was raised by approximately 7%, increasing from $0.15 per share to $0.16 per share of Class A common stock.
Guidance, Outlook, and Management Commentary
Management has not provided updated financial guidance, outlook, or commentary on risks and contingencies in this specific filing. The primary communication is the announcement of the dividend increase and the associated payment schedule.
Investor Verification Checklist
- Dividend Amount: Verify the new quarterly dividend rate of $0.16 per share.
- Record Date: Confirm the record date of March 13, 2020, to determine eligibility for the payment.
- Payment Date: Note the expected payment date of March 20, 2020.
- Stock Class: Ensure the dividend applies to Class A common stock.