Filing Overview
BrightSphere Investment Group Inc. filed a Form 8-K reporting the results of its September 17, 2019 Annual Meeting of Stockholders. The filing does not concern Acadian Asset Management Inc.; the registrant identified in the filing is BrightSphere Investment Group Inc.
Business Context and Reporting Period
As of the August 13, 2019 record date, BrightSphere had 90,730,552 shares of common stock outstanding and entitled to vote. A total of 84,017,853 shares were present in person or represented by proxy, constituting a quorum.
Key Financial and Operating Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating performance metrics. It is limited to annual-meeting voting results.
Material Changes Versus the Prior Comparable Period
No financial or operating changes versus a prior comparable period are reported.
Meeting Results and Governance Matters
- All seven director nominees were elected to serve until the 2020 Annual Meeting and until their successors are qualified.
- KPMG LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2019, with 83,904,130 votes for, 113,060 against, and 666 abstentions.
- The advisory vote approving executive compensation passed with 77,377,737 votes for, 3,578,250 against, and 877 abstentions; broker non-votes totaled 3,060,989.
| Director | For | Against | Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| Mary Elizabeth Beams | 80,506,006 | 449,192 | 1,666 | 3,060,989 |
| Robert J. Chersi | 80,438,487 | 517,711 | 666 | 3,060,989 |
| Andrew Kim | 79,820,394 | 1,135,804 | 666 | 3,060,989 |
| Reginald Love | 80,421,457 | 516,711 | 18,696 | 3,060,989 |
| John Paulson | 79,393,756 | 1,544,986 | 18,122 | 3,060,989 |
| Barbara Trebbi | 80,250,860 | 688,308 | 17,696 | 3,060,989 |
| Guang Yang | 77,018,788 | 3,848,310 | 89,766 | 3,060,989 |
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, business outlook, material risk disclosures, contingencies, or unusual accounting items. The principal governance item is the election of directors and ratification of KPMG.
Investor Verification Points
- Confirm that BrightSphere Investment Group Inc., rather than Acadian Asset Management Inc., is the registrant covered by this filing.
- Review the director voting results, particularly the higher opposing vote count for Guang Yang and John Paulson relative to the other nominees.
- Verify the advisory executive-compensation vote and the ratification of KPMG LLP.
- Consult the company’s periodic financial filings for revenue, profitability, cash flow, debt, liquidity, and outlook information not included in this 8-K.