false 0001642122 0001642122 2023-11-08 2023-11-08
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) November 8, 2023
 
ASSOCIATED CAPITAL GROUP, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
1-37387
47-3965991
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
     
191 Mason Street, Greenwich, CT
  
06830
(Address of principal executive offices)
  
(Zip Code)
 
Registrant's telephone number, including area code (203) 629-9595
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock, par value $0.001 per share
AC
New York Stock Exchange
 
 
 
 
 
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On November 8, 2023, Associated Capital Group, Inc. (NYSE: AC) (the "Company”), announced that Ian McAdams, previously the interim Co-Chief Financial Officer of the Company, has been named Chief Financial Officer of the Company. A copy of the related press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its entirety.
 
Patrick Huvane, who has served as interim Co-Chief Financial Officer since July 2022, has been appointed VP of Corporate Development of the Company.
 
Item 9.01
Financial Statements and Exhibits.
 
 
(d)
Exhibits
 
 
99.1
 
 
104
Cover Page Interactive Data File (formatted as Inline XBRL)
 
 
 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Associated Capital Group, Inc.
 
By: /s/ Ian J. McAdams
Ian J. McAdams         
Chief Financial Officer
 
Date: November 13, 2023
 
 

Exhibit 99.1

 

letterheadlogo.jpg  

191 Mason Street
Greenwich, Connecticut 06830

t: 203.629.9595

Associated-Capital-Group.com 

For Immediate Release:

 

Contact:

 

Douglas R. Jamieson

Chief Executive Officer

(203) 629-9595

info@associated-capital-group.com

 

Associated Capital Group, Inc.

Announces Changes to Management Team

 

 

Greenwich, CT, November 8, 2023 – Associated Capital Group, Inc. (NYSE: AC, "Associated Capital" or the "Company") announced today that Ian McAdams has been named Chief Financial Officer of the Company.

 

Mr. McAdams joined the Company's finance team in 2021 and has served as Interim Co-Chief Financial Officer since July 2022. Prior to joining Associated Capital, Mr. McAdams was a Manager in Banking and Capital Markets with Ernst & Young LLP where his primary focus was providing client services to publicly traded and private companies within the banking and asset management industries. Mr. McAdams holds a B.S. in Accounting from Binghamton University and is a Certified Public Accountant.

 

"We look forward to Ian's contributions as we continue to execute on our growth plans for the Company." Mr. Jamieson said.

 

About Associated Capital Group, Inc.

 

Associated Capital, based in Greenwich, Connecticut, is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (“GCIA”). We have also earmarked proprietary capital for our direct investment business that invests in new and existing businesses. The direct investment business is developing along several core pillars including Gabelli Private Equity Partners, LLC (“GPEP”), formed in August 2017 with $150 million of authorized capital as a “fund-less” sponsor. We also created Gabelli Principal Strategies Group, LLC (“GPS”) in December 2015 to pursue strategic operating initiatives.

 

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

 

Our disclosure and analysis in this press release contain “forward-looking statements”. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

 
v3.23.3
Document And Entity Information
Nov. 08, 2023
Document Information [Line Items]  
Entity, Registrant Name ASSOCIATED CAPITAL GROUP, INC.
Document, Type 8-K
Document, Period End Date Nov. 08, 2023
Entity, Incorporation, State or Country Code DE
Entity, File Number 1-37387
Entity, Tax Identification Number 47-3965991
Entity, Address, Address Line One 191 Mason Street
Entity, Address, City or Town Greenwich
Entity, Address, State or Province CT
Entity, Address, Postal Zip Code 06830
City Area Code 203
Local Phone Number 629-9595
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Title of 12(b) Security Common Stock
Trading Symbol AC
Security Exchange Name NYSE
Amendment Flag false
Entity, Central Index Key 0001642122
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