Business Context and Reporting Period
This Form 8-K Current Report was filed by Artisan Partners Asset Management Inc. on October 8, 2014. The report discloses a corporate governance event regarding the appointment of a new director to the company's board.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figures disclosed relate to director compensation.
- Director Base Compensation: $50,000 annual cash payment.
- Director Equity Compensation: $100,000 annual award of restricted stock units.
Material Changes
The material change reported is the appointment of Seth W. Brennan to the Board of Directors on October 8, 2014. Mr. Brennan will also serve on the Nominating and Corporate Governance Committee and the Compensation Committee. No other material changes to operations or financial status are reported in this document.
Guidance, Outlook, and Risks
This filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. The document focuses solely on the appointment and compensation terms of the new director.
Key Facts for Investor Verification
- Verify the background and qualifications of Seth W. Brennan, including his role as managing partner and co-founder of Lincoln Peak Capital.
- Confirm the total annual compensation package for non-employee directors ($150,000 total value).
- Review the Company's 2013 Non-Employee Director Compensation Plan referenced in the filing.
- Check for any potential conflicts of interest given Mr. Brennan's prior roles at Affiliated Managers Group, Inc., Morgan Stanley, and Wasserstein, Perella & Co.