Business Context and Reporting Period
This Form 8-K filing by Artisan Partners Asset Management Inc. reports on events occurring on June 18, 2014. The filing details the completion of a previously announced underwritten public offering of Class A common stock by affiliates of Hellman & Friedman LLC (the "Selling Stockholders").
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The transaction described is a secondary offering by selling stockholders.
- Shares Sold: 1,836,898 shares of Class A common stock.
- Proceeds to Company: $0 (The Company did not receive any proceeds from the offering).
- Public Float Impact: Increased by 1,836,898 shares.
- Capital Structure Change: Upon completion, the Company and its subsidiary, Artisan Partners Holdings LP, ceased to have any convertible preferred shares or preferred units outstanding.
Material Changes
The primary material change is the elimination of all outstanding convertible preferred shares and preferred units following the sale of the Class A common stock by the Selling Stockholders to Citigroup Global Markets Inc. This transaction altered the company's capital structure and increased the public float without generating capital for the company.
Outlook, Risks, and Unusual Items
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard representations and warranties included in the Underwriting Agreement. The transaction is a routine secondary offering event.
Investor Verification Checklist
- Verify the current ownership percentage of Hellman & Friedman LLC affiliates post-transaction.
- Confirm the total number of outstanding Class A common shares to calculate the new public float percentage.
- Review the Underwriting Agreement (Exhibit 1.1) for any lock-up provisions or indemnification obligations.
- Check subsequent filings for any impact on the company's capital structure or preferred equity status.