Form 8-K - Current report
06 Agosto 2024 - 7:00AM
Edgar (US Regulatory)
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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):
August 5, 2024
__________________
WisdomTree, Inc.
(Exact name of registrant as specified in its
charter)
_____________________
Delaware |
001-10932 |
13-3487784 |
(State or other jurisdiction
of incorporation) |
Commission
File Number: |
(IRS Employer
Identification No.) |
250 West 34th Street
3rdFloor
New York, NY 10119
(Address of principal executive offices, including
zip code)
(212) 801-2080
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed since
last report)
_______________________
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:
| ¨ | 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)) |
Securities registered pursuant to Section 12(b) of the Exchange
Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange
on which registered |
Common Stock, $0.01 par value |
|
WT |
|
The New York Stock Exchange |
Preferred Stock Purchase Rights |
|
WT |
|
The New York Stock Exchange |
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. ¨
On August 5, 2024, WisdomTree Asset Management,
Inc. (“WTAM”), a wholly-owned subsidiary of WisdomTree, Inc., received a “Wells Notice” from the staff (the “Staff”)
of the U.S. Securities and Exchange Commission (the “SEC”) advising WTAM that the Staff has made a “preliminary determination”
to recommend that the SEC file an enforcement action against WTAM alleging violations of certain provisions of the U.S. federal securities
laws. The recommendation may involve a civil injunctive action or other action allowed by law, and may seek remedies that include injunctions,
disgorgement, pre-judgement interest, civil money penalties and such other relief as may be available.
The alleged violations relate to three exchange-traded
series of WisdomTree Trust managed by WTAM that pursued ESG-focused investment strategies (collectively, the “ESG Funds”).
The Board of Trustees of WisdomTree Trust, after careful consideration of various factors, including the persistent lack of investor demand
and limited prospects for future asset growth, approved the liquidation of the ESG Funds in December 2023. Each ESG Fund completed its
liquidation in February 2024. During their periods of operations, the ESG Funds had, in the aggregate, average assets under management
of approximately $119 million.
A Wells Notice is neither a formal charge of wrongdoing
nor a final determination that the recipient has violated any law. WTAM maintains that its actions have been in compliance with all applicable
laws and regulations, and intends to pursue the Wells Notice process, which will include the opportunity to respond to the Staff’s
position.
SIGNATURES
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.
|
|
WisdomTree, Inc. |
|
|
|
|
Date: August 6, 2024 |
|
By: |
/s/ Marci Frankenthaler
|
|
|
|
Marci Frankenthaler |
|
|
|
Chief Legal Officer |
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Aug. 05, 2024 |
Document Type |
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Document Period End Date |
Aug. 05, 2024
|
Entity File Number |
001-10932
|
Entity Registrant Name |
WisdomTree, Inc.
|
Entity Central Index Key |
0000880631
|
Entity Tax Identification Number |
13-3487784
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
250 West 34th Street
|
Entity Address, Address Line Two |
3rdFloor
|
Entity Address, City or Town |
New York
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
10119
|
City Area Code |
(212)
|
Local Phone Number |
801-2080
|
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Common Stock, $0.01 par value |
|
Title of 12(b) Security |
Common Stock, $0.01 par value
|
Trading Symbol |
WT
|
Security Exchange Name |
NYSE
|
Preferred Stock Purchase Rights |
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Title of 12(b) Security |
Preferred Stock Purchase Rights
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Trading Symbol |
WT
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Security Exchange Name |
NYSE
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