Silvercrest Asset Management Group Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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CURRENT REPORT
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Item 8.01 Other Events
On August 16, 2024, Silvercrest Asset Management Group Inc. (the “Company”) announced that its Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $12,000,000 of the Company’s outstanding Class A common stock (the “Repurchase Program”). Repurchases under the Repurchase Program may be made using either cash on hand, borrowings under the Company’s existing credit facilities or other sources, or through (a) one or more 10b5-1 share trading plans, to be established with one or more banks or brokers (the “Trading Plans”), (b) pursuant to accelerated share repurchase programs with one or more investment banks or other financial intermediaries (the “ASR Programs”) or (c) through repurchases to be made outside of the Trading Plans or ASR Programs but in compliance with all applicable requirements under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including the safe harbor provided by Exchange Act Rule 10b-18, and consummated during an open trading window under the Company’s insider trading policy. The program may be amended, suspended, or discontinued at any time and does not commit the Company to repurchase any shares of Class A common stock.
Item 9.01 Financial Statements and Exhibits
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Description of Exhibit |
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99.1 |
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Press Release of Silvercrest Asset Management Group Inc., dated August 16, 2024 |
104 |
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Cover Page Interactive Data File (embedded within Inline XBRL document) |
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.
Dated: August 16, 2024
Silvercrest Asset Management Group Inc. |
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By: |
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/s/ Scott A. Gerard |
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Name: Scott A. Gerard |
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Title: Chief Financial Officer |