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): December 13, 2016
MOELIS & COMPANY
(Exact name of registrant as specified in its charter)
Delaware |
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001-36418 |
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46-4500216 |
(State or other jurisdiction of |
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(Commission |
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(IRS Employer |
399 Park Avenue, 5th Floor |
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New York, New York |
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10022 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code (212) 883-3800
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 8.01 Other Events.
On December 13, 2016, Moelis & Company issued a press release announcing the declaration of a special dividend of $1.25 per share payable on January 5, 2017 to common stockholders of record on December 23, 2016. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
As required under Section 5 of the Companys 2014 Omnibus Incentive Plan, the Compensation Committee of the Companys Board of Directors equitably reduced the exercise price of the Companys outstanding options to purchase common stock by $1.25 from $23.20 per share to $21.95 per share. Such options are held by certain current and former employees of the Company, including officers and directors.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
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Description |
99.1 |
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Press release of Moelis & Company dated December 13, 2016 |
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.
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MOELIS & COMPANY | |
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By: |
/s/ Osamu Watanabe |
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Name: Osamu Watanabe |
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Title: General Counsel and Secretary |
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Date: December 13, 2016 |
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Exhibit 99.1
Moelis & Company Declares Special Dividend of $1.25 Per Share
New York, December 13, 2016: Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced that its Board of Directors has declared a special dividend of $1.25 per share payable on January 5, 2017 to common stockholders of record on December 23, 2016.
Our focus on internal talent development and organic growth continues to drive exceptionally high Return on Invested Capital and strong cash flow which we are committed to returning to our shareholders. Including the special dividend announced today, we will have returned $5.69 per share to investors since our IPO less than three years ago while maintaining a debt-free balance sheet, said Ken Moelis, Chairman and Chief Executive Officer of Moelis & Company.
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About Moelis & Company
Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Companys experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves its clients with about 650 employees based in 17 offices in North and South America, Europe, the Middle East, Asia and Australia. For further information, please visit: www.moelis.com.
Investor Contact:
Michele Miyakawa
Moelis & Company
T: + 1 310 443 2344
michele.miyakawa@moelis.com
Media Contact:
Andrea Hurst
Moelis & Company
T: + 1 212 883 3666
M: + 1 347 583 9705
andrea.hurst@moelis.com