Filing Overview
This Form 8-K was filed by BrightSphere Investment Group Inc. for an event occurring on June 24, 2020. The supplied metadata identifies Acadian Asset Management Inc., but the filing identifies BrightSphere Investment Group Inc. as the registrant. The filing reports the results of the Company’s virtual 2020 Annual Meeting of Stockholders.
Business Context and Reporting Period
As of the April 27, 2020 record date, 80,957,038 common shares were issued and outstanding and entitled to vote. Shares present or represented by proxy totaled 75,250,058, constituting a quorum.
Key Results
- All five director nominees—Robert J. Chersi, Andrew Kim, John Paulson, Suren Rana, and Barbara Trebbi—were elected to serve until the 2021 Annual Meeting and until their successors are qualified.
- Stockholders ratified KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2020.
- Stockholders approved, on an advisory basis, the compensation of the named executive officers described in the 2020 proxy statement.
| Proposal | For | Against | Abstentions | Broker non-votes |
|---|---|---|---|---|
| KPMG ratification | 75,230,051 | 19,569 | 438 | — |
| Executive compensation advisory vote | 70,658,772 | 3,122,151 | 44,699 | 1,424,436 |
Director Election Votes
| Nominee | For | Against | Abstentions | Broker non-votes |
|---|---|---|---|---|
| Robert J. Chersi | 66,378,118 | 7,447,378 | 126 | 1,424,436 |
| Andrew Kim | 67,066,440 | 6,758,599 | 583 | 1,424,436 |
| John Paulson | 66,186,223 | 7,639,273 | 126 | 1,424,436 |
| Suren Rana | 71,008,598 | 2,816,523 | 501 | 1,424,436 |
| Barbara Trebbi | 65,851,852 | 7,973,187 | 583 | 1,424,436 |
Financial Metrics and Material Changes
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, assets under management, or other operating and financial metrics. It also does not report material changes versus a prior comparable period.
Guidance, Outlook, Risks, and Unusual Items
The filing does not provide management guidance, financial outlook, risk updates, contingencies, or unusual financial items. The principal disclosed matters are the annual meeting voting results and the ratification of KPMG.
Investor Verification Points
- Verify the registrant identity: the filing is for BrightSphere Investment Group Inc., not Acadian Asset Management Inc.
- Confirm the election of all five director nominees and their expected terms through the 2021 Annual Meeting.
- Review the proxy statement for the details underlying the advisory executive compensation vote.
- Note that the meeting occurred June 24, 2020, while the Form 8-K was signed June 26, 2020.