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AAMI on NYSE

Acadian Asset Management Inc.

In its 2026 annual report the company says: “We are a holding company that operates a systematic investment management business through our majority owned subsidiary, Acadian Asset Management LLC. Our profit-sharing model enables us to participate directly in margin expansion as Acadian LLC grows.”9 It is headquartered in Boston, United States.2 Its shares trade on NYSE under the symbol AAMI.2

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Last updated Oct 21, 2026.

Overview

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  • TickerAAMI on NYSE2
  • IndustryInvestment Advice2
  • HeadquartersBoston, United States2
  • Incorporated inDE3
  • Business address260 Franklin St, Acadian Asset Management, Boston, Ma3
  • Filer categoryLarge accelerated filer3
  • Legal formLimited Liability Company2
  • LEIRQTOM0CI0L1JQEIRRN402
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 44533652

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We are a holding company that operates a systematic investment management business through our majority owned subsidiary, Acadian Asset Management LLC (“Acadian LLC”). With approximately $178 billion of assets under management as of December 31, 2025, Acadian LLC offers institutional investors across the globe access to a diversified array of systematic investment strategies designed to meet a range of risk and return objectives. The ownership structure of Acadian LLC provides incentives for growth and prudent business management across multiple generations of Acadian LLC partners, who retain meaningful levels of equity in their own business to preserve strong alignment of interests between us, Acadian LLC, their clients, and our stockholders. Our profit-sharing model enables us to participate directly in margin expansion as Acadian LLC grows. Acadian LLC comprises our Quant & Solutions …9 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.4%Operating margin10
14.2%Net margin10
11.5%Revenue growth, 202510

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs79¢$447.1M
  • Income tax6¢$36.6M
  • Profit14¢$80.0M

Out of $563.7M in revenue.10

Financial statements

Revenue11121310$563.7M in 2025−30% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $807.0M$807.0M20192020: $697.9M$697.9M2020−14%2021: $523.8M$523.8M2021−25%2022: $417.2M$417.2M2022−20%2023: $426.6M$426.6M2023+2%2024: $505.6M$505.6M2024+19%2025: $563.7M$563.7M2025+11%
Operating income1415121310$132.1M in 2025−41% since 2019
0$100.0M$200.0M$300.0M2019: $222.2M$222.2M20192020: $131.7M$131.7M2020−41%2021: $145.8M$145.8M2021+11%2022: $167.9M$167.9M2022+15%2023: $106.0M$106.0M2023−37%2024: $135.5M$135.5M2024+28%2025: $132.1M$132.1M2025−3%
Net income1415121310$80.0M in 2025−64% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $223.9M$223.9M20192020: $286.7M$286.7M2020+28%2021: $828.4M$828.4M2021+189%2022: $100.6M$100.6M2022−88%2023: $65.8M$65.8M2023−35%2024: $85.0M$85.0M2024+29%2025: $80.0M$80.0M2025−6%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Total revenue$563.7M$505.6M$426.6M
Total operating expenses$431.6M$370.1M$320.6M
Operating income$132.1M$135.5M$106.0M
Investment income (loss)-$100.0K$2.2M-$100.0K
Interest income$3.7M$3.5M$6.1M
Interest expense-$21.7M-$19.4M-$19.6M
Loss on extinguishment of debt-$1.4M$0$0
Total non-operating income (loss)$11.1M-$9.8M-$9.5M
Income before income taxes$143.2M$125.7M$96.5M
Income tax expense$36.6M$38.9M$29.4M
Net income$106.6M$86.8M$67.1M
Net income attributable to redeemable non-controlling interests in consolidated Funds$26.6M$1.8M$1.3M
Net income attributable to controlling interests$80.0M$85.0M$65.8M
Earnings per share (basic) attributable to controlling interests (in dollars per share)$2.21$2.25$1.59
Earnings per share (diluted) attributable to controlling interests (in dollars per share)$2.21$2.22$1.55
Weighted average common stock outstanding (in shares)36.2M shares37.8M shares41.5M shares
Weighted average diluted shares outstanding (in shares)36.2M shares38.3M shares42.5M shares

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Corporate structure

Acadian Asset Management Inc. sits at the top of its group. 93 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Acadian Asset Management Inc.

  • Prudential Financial Filed SCHEDULE 13G/A on Acadian Asset Management Inc., latest Aug 10, 2026 (2 filings since Aug 6, 2025)
  • JENNISON ASSOCIATES LLC Filed SCHEDULE 13G/A on Acadian Asset Management Inc., latest Aug 3, 2026 (4 filings since Aug 6, 2025)
  • PAULSON & CO. INC. Filed SCHEDULE 13D/A on Acadian Asset Management Inc., latest Jun 22, 2026 (5 filings since Nov 5, 2021)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Acadian Asset Management Inc., latest Mar 26, 2026 (4 filings since Feb 9, 2022)
  • Empyrean Capital Partners, LP Filed SCHEDULE 13G/A on Acadian Asset Management Inc., latest Nov 14, 2025 (2 filings since Nov 14, 2024)
  • BlackRock Filed SCHEDULE 13G/A on Acadian Asset Management Inc., latest Apr 29, 2025 (7 filings since Feb 3, 2022)
  • Azora Capital LP Filed SCHEDULE 13G/A on Acadian Asset Management Inc., latest Feb 14, 2025 (2 filings since Feb 6, 2025)
  • FMR LLC Filed SC 13G/A on Acadian Asset Management Inc., latest Feb 9, 2024 (3 filings since Feb 9, 2022)
  • Acadian Asset Management Inc. Boston, Massachusetts, United States
    • Acadian Asset Management (Australia) Limited Sydney, Australia
    • Acadian Asset Management (Ireland) Limited Dublin, Ireland
    • ACADIAN ASSET MANAGEMENT (SINGAPORE) PTE LTD Singapore, Singapore
    • Acadian Asset Management (UK) Limited London, United Kingdom
    • Acadian Commodities Absolute Return Master Fund Subsidiary · Boston, Massachusetts, United States
    • Acadian Diversified Alpha Unconstrained Equity Fund, LLC Subsidiary · Boston, Massachusetts, United States
    • Acadian Emerging Markets Small-Cap Long-Short Equity Fund, LLC Subsidiary · Boston, Massachusetts, United States
    • Acadian Global Leveraged Market Neutral Fund, LP Subsidiary · Boston, Massachusetts, United States
    • Acadian GP Equity Master Fund Subsidiary · Boston, Massachusetts, United States
    • ACADIAN GP-EQUITY FUND, LLC Subsidiary · Boston, Massachusetts, United States
    • Acadian Inc. Subsidiary · Delaware, United States
    • ACADIAN LIQUID MULTI-ALPHA EQUITY FUND, LLC Subsidiary · Boston, Massachusetts, United States
    • Acadian Multi Asset Absolute Return 18V Master Fund Subsidiary · Boston, Massachusetts, United States
    • Acadian Multi-Asset Absolute Return 6V Master Fund Subsidiary · Boston, Massachusetts, United States
    • ACADIAN NON-U.S. SMALL-CAP EQUITY EXTENSION FUND, LLC Subsidiary · Boston, Massachusetts, United States
    • Millpencil (US) LP Subsidiary · Delaware, United States
    • Acadian All-Country World Ex-U.S. Equity Dynamic Extension Master Fund Fund · Boston, Massachusetts, United States
    • Acadian Diversified Alpha Institutional Equity Master Fund Fund · Boston, Massachusetts, United States
    • Acadian Emerging Markets Alpha Plus Fund Trust Fund · Boston, Massachusetts, United States
    • ACADIAN EMERGING MARKETS EQUITY DYNAMIC EXTENSION MASTER FUND Fund · Boston, Massachusetts, United States
    • Acadian Emerging Markets Equity Extension Fund, LLC Fund · Boston, Massachusetts, United States
    • ACADIAN EMERGING MARKETS EX-CHINA EQUITY EXTENSION FUND Fund · Boston, Massachusetts, United States
    • Acadian Emerging Markets ex-China Equity Master Fund Fund · Boston, Massachusetts, United States
    • Acadian Emerging Markets Focused Alpha Equity CIT Fund · Boston, Massachusetts, United States
    • ACADIAN EMERGING MARKETS FOCUSED ALPHA EQUITY FUND, LLC Fund · Boston, Massachusetts, United States
    • and 67 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

What it owns

What Acadian Asset Management Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Our principal executive office is located at 200 State Street, Suite 601A, Boston, Massachusetts 02109. Acadian LLC has its own primary office in Boston, MA where core investment management activities take place. In addition, Acadian LLC has leased secondary offices to support research, distribution and client servicing. Key locations for secondary offices include (but are not limited to) London, Singapore and Sydney. We believe existing facilities are appropriate in size, location and functionality to meet current and future business requirements.

Item 2 of the 10-K filed Feb 27, 2026.9

Leadership

Who has led Acadian Asset Management Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Suren Rana2020–2024
  2. Kelly Young2025–now

President

  1. Suren Rana2020–2024
  2. Kelly Young2025–now

Chief financial officer

  1. Scott Hynes2025–now
20202025
Board members and other officers (9)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Subsidiaries (Exhibit 21)

  • Acadian Asset Management Inc. Delaware4
  • Acadian Asset Management LLC Delaware4
  • Acadian Inc. Delaware4
  • Millpencil (US) LP Delaware4

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • BrightSphere Investment Group Inc.Mar 12, 2019 to Nov 14, 20243

Timeline

  1. Jul 30, 20268-K Results of operations30
  2. Jun 11, 20268-K Executive or director change; Shareholder vote31
  3. May 19, 20268-K Regulation FD disclosure32
  4. Apr 30, 20268-K Results of operations33
  5. Feb 5, 20268-K Results of operations34
  6. Nov 25, 20258-K Other events35
  7. Oct 30, 20258-K Entered a material agreement; Results of operations; New debt or obligation36
  8. Jul 31, 20258-K Results of operations37
  9. May 16, 20258-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote38
  10. May 1, 20258-K Results of operations39
  11. Feb 6, 20258-K Results of operations40
  12. Jan 6, 2025New chief executive Kelly Young becomes CEO20
  13. Jan 6, 20258-K Bylaws or fiscal year changed41
  14. Apr 23, 2020New chief executive Suren Rana becomes CEO21
  15. Nov 7, 2007Founded Acadian Asset Management Inc. is founded2

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.76 a share, on Oct 30, 2025.42

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results30
  2. Apr 30, 2026Reported quarterly or annual results33
  3. Feb 5, 2026Reported quarterly or annual results34
  4. Oct 30, 2025Reported quarterly or annual results36
  5. Jul 31, 2025Reported quarterly or annual results37
  6. May 1, 2025Reported quarterly or annual results39
  7. Feb 6, 2025Reported quarterly or annual results40
  8. Oct 31, 2024Reported quarterly or annual results43

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

168 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 32 major events, 56 insider forms, 29 large holders, 31 other. The latest 20:

  1. Aug 10, 2026SCHEDULE 13G/A EDGAR
  2. Aug 6, 202610-Q EDGAR
  3. Aug 5, 20264 EDGAR
  4. Aug 4, 2026144 EDGAR
  5. Aug 3, 2026144 EDGAR
  6. Aug 3, 2026SCHEDULE 13G/A EDGAR
  7. Jul 30, 20268-K EDGAR
  8. Jun 22, 20264 EDGAR
  9. Jun 22, 2026SCHEDULE 13D/A EDGAR
  10. Jun 17, 2026144 EDGAR
  11. Jun 15, 20264 EDGAR
  12. Jun 15, 20264 EDGAR
  13. Jun 15, 20264 EDGAR
  14. Jun 11, 2026S-8 POS EDGAR
  15. Jun 11, 20268-K EDGAR
  16. May 19, 20268-K EDGAR
  17. May 18, 20264 EDGAR
  18. May 18, 20264 EDGAR
  19. May 18, 20264 EDGAR
  20. May 7, 202610-Q EDGAR

The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

21 open-market trades by officers, directors and large owners since October 2021: 0 buys and 21 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 4, 2026Wiater ChristinaPAOSale244$92.36$22.5KForm 4
Aug 3, 2026Wiater ChristinaPAOSale25,370$87.21$2.2MForm 4
Jun 17, 2026PAULSON & CO. INC.10% ownerSale1,900,000$77.25$146.8MForm 4
May 4, 2026Hart Richard JonathanCLO and CAOSale100,000$66.97$6.7MForm 4
Feb 11, 2026Chersi Robert JDirectorSale28,753$51.30$1.5MForm 4
Feb 10, 2026Trebbi BarbaraDirectorSale9,691$51.22$496.4KForm 4
Sep 3, 2025PAULSON & CO. INC.10% ownerSale1,206,839$47.69$57.6MForm 4
Nov 11, 2024Hart Richard JonathanCLO and CAOSale70,000$28.52$2.0MForm 4
Feb 14, 2024Rana SurenPresident and CEOSale109,960$20.74$2.3MForm 4
Feb 16, 2022Hart Richard JonathanCLO and CAOSale898$24.65$22.1KForm 4
Feb 15, 2022Hart Richard JonathanCLO and CAOSale1,475$24.84$36.6KForm 4
Feb 15, 2022Wiater ChristinaPAOSale237$24.87$5.9KForm 4
Feb 8, 2022Rana SurenPresident and CEOSale119,963$24.05$2.9MForm 4
Dec 31, 2021Rana SurenPresident and CEOSale128,176$25.81$3.3MForm 4
Dec 31, 2021Rana SurenPresident and CEOSale128,176$25.81$3.3MForm 4
Dec 21, 2021Hart Richard JonathanCLO and CAOSale57$24.91$1.4KForm 4
Dec 21, 2021Wiater ChristinaPAOSale38$24.91$947Form 4
Dec 21, 2021PAULSON & CO. INC.10% ownerSale790,000$30.70$24.3MForm 4
Dec 16, 2021Rana SurenPresident and CEOSale71,000$26.95$1.9MForm 4
Dec 15, 2021Rana SurenPresident and CEOSale71,000$26.84$1.9MForm 4

All 21 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Kelly Young47$650.0K$10.5M52
2025Richard Hart49$500.0K$2.4M52
2025Christina Wiater44$425.0K$1.3M52
2025Scott Hynes51$276.9K$772.6K52
2024Executive VicePresident and Chief Legal and Administrative Officer$500.0K$1.6M52
2024Senior VicePresident and Principal Financial and Accounting Officer through 5/19/2025$425.0K$1.3M52
2023Executive VicePresident and Chief Legal and Administrative Officer$500.0K$1.5M52
2023Senior VicePresident and Principal Financial and Accounting Officer through 5/19/2025$425.0K$1.0M52

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Paulson & Co. Inc.5,843,282$417.9M16.2%−1,900,000
BlackRock, Inc.4,486,535$320.9M0.0%−87,697
Jennison Associates LLC1,526,570$109.2M0.1%−495,637
Invesco Ltd.1,376,531$98.4M0.0%+963,829
Empyrean Capital Partners, LP1,308,000$93.5M3.6%−190
State Street Corp1,224,388$87.6M0.0%+14,948
Vanguard Capital Management LLC1,176,511$84.1M0.0%+17,624
Geode Capital Management, LLC969,724$69.4M0.0%+221,902
Dimensional Fund Advisors LP911,667$65.2M0.0%+7,118
Woodline Partners LP883,540$63.2M0.2%+181,820
Vanguard Portfolio Management LLC813,352$58.2M0.0%−70,557
Driehaus Capital Management LLC788,901$56.4M0.3%New
Avantyr Capital Partners, LP767,793$54.9M2.0%New
Morgan Stanley623,422$44.6M0.0%+85,779
Soros Fund Management LLC610,248$43.6M0.7%−38,559
Nuveen, LLC602,378$43.1M0.0%+13,914
Federated Hermes, Inc.574,597$41.1M0.1%+6,277
Allspring Global Investments Holdings, LLC553,623$39.8M0.1%+134,384
Two Sigma Investments, LP523,939$37.5M0.0%+45,125
Azora Capital LP496,005$35.5M1.5%+166,656
Charles Schwab Investment Management Inc403,342$28.8M0.0%−49,978
Systematic Alpha Investments, LLC370,108$26.5M0.7%No change
Impax Asset Management Group plc350,000$25.0M0.2%−473,323
Amundi317,315$22.7M0.0%New
Northern Trust Corp303,111$21.7M0.0%+24,050

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Acadian Asset Management Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAcadian Asset Management Inc.1
  • CIK0001748824
  • Employer ID (EIN)47-11210209
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company9
  • Incorporated inDelaware9
  • Fiscal year endsDecember 311
  • Industry code (SIC)6282 Investment Advice1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address260 Franklin St, Acadian Asset Management, Boston, MA1
  • Phone61736973001
  • Shares outstanding35,490,128 as of Aug 4, 202618
  • Public float$935.3M as of Jun 30, 20259
  • AuditorKPMG LLP, Boston, Massachusetts PCAOB ID 185; it also attests to the company’s internal control over financial reporting9
  • On EDGAR sinceMar 12, 20191
  • Filings264 in all: 4 (76), 8-K (56), 10-Q (22), SC 13G/A (15), 144 (10), DEF 14A (8), DEFA14A (8), SCHEDULE 13G/A (8)1
    All 30 form types

    10-K (7), SC 13G (7), 3 (5), CORRESP (5), SC 13D/A (5), ARS (4), S-4/A (4), SCHEDULE 13G (4), UPLOAD (4), SC TO-I/A (3), SCHEDULE 13D/A (2), 25-NSE (1), 4/A (1), 424B3 (1), 8-K12B (1), EFFECT (1), S-3ASR (1), S-4 (1), S-8 (1), S-8 POS (1), SC TO-C (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 29, 2026
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.001 per shareAAMINew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).9

Risk factors and legal proceedings

The risks Acadian Asset Management Inc. names in Item 1A of its 10-K filed Feb 27, 2026: 38 risks under these headings, as written.9

  • Risks Related to Operations
  • Our overall financial results are dependent on the ability of Acadian LLC to generate earnings.
  • Our ability to attract and retain assets under management and generate earnings is dependent on maintaining competitive investment performance, as well as market, economic and other factors.
  • We derive a substantial portion of our revenue from a limited number of investment strategies.
  • Investments in non-U.S. markets, in securities of non-U.S. companies and utilization of currency forward contracts and options on currency may involve foreign currency exchange risk, and tax, political, social and economic uncertainties, and a reduction in assets under management associated with investments in non-U.S. equities could have a disproportionately adverse impact on our results of operations.
  • We rely on certain key personnel, and our results are dependent upon our ability to retain and attract key personnel.
  • Our business operations are complex, and a failure to properly perform operational tasks or maintain infrastructure could have an adverse effect on our revenues and income.
  • Reputational harm could result in a loss of assets under management and revenues.
  • We may not always successfully manage actual or potential conflicts of interests that may arise in our business.
  • Impairment of our relationships with clients and/or consultants may negatively impact our business and our results of operations.
  • Our business is dependent upon investment advisory agreements that are subject to negotiation, non-renewal, or termination, including termination upon assignment.
  • Pressure on fee levels and changes to mix of assets could impact our results of operations.
The other 27 risks
  • If our techniques for managing risk are ineffective, we may be exposed to material unanticipated losses.
  • We may be exposed to potential liability as a general partner or a controlling person.
  • Our expenses are subject to fluctuations that could materially impact our results of operations.
  • Losses on our seed capital could adversely impact our results of operations or financial condition.
  • The cost of insuring our business is meaningful and may increase.
  • Our growth initiatives, including the development and introduction of new products and/or capabilities, may be unsuccessful, may expose us to risks and may not facilitate the growth of our business.
  • Our outstanding indebtedness may impact our business and may restrict our growth and results of operations.
  • We may be unable to obtain sufficient capital and liquidity to meet the requirements of our business.
  • Our business involves risks of potential litigation that could harm our business.
  • Any significant limitation on the use of our facilities or the failure or security breach of our software applications or operating systems and networks, including the potential risk of cyber-attacks, could result in the accidental or unlawful destruction, loss, alteration, unauthorized disclosure of, or access to, confidential client information or personal data, damage to our reputation, additional costs, regulatory penalties and financial losses.
  • We are subject to data protection laws including in the European Union (“EU”), United Kingdom (“U.K.”), United States (“U.S.”) and other jurisdictions, and any failure to comply with such legislation could adversely affect our business, reputation, results of operations and financial condition.
  • The failure of a counterparty to meet its obligations could affect our business adversely.
  • We are subject to the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and other anti-corruption laws, as well as export control laws, customs laws, sanctions laws, anti-facilitation of tax evasion laws and other laws governing our operations. If we fail to comply with these laws, we could be subject to civil or criminal penalties, other remedial measures, and legal expenses, which could adversely affect our business, results of operations and financial condition.
  • Risks Related to Our Industry
  • We operate in a competitive environment.
  • We operate in a highly regulated industry, and continually changing federal, state, local and foreign laws and regulations could materially adversely affect our business, financial condition and results of operations.
  • Developments in applicable regulatory environments may include heightened and additional examinations and inspections by regulators and the imposition of additional reporting and disclosure obligations. Regulators also may take a more aggressive posture on bringing enforcement proceedings which could result in fines, penalties and additional remedial activities.
  • Risks Related to Our Ownership Structure and Governance
  • Paulson has meaningful ability to influence our business.
  • Future sales of our common stock by us, Paulson or other stockholders could cause our share price to decline.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.
  • There can be no assurance that we will repurchase shares of our common stock or that we will repurchase shares of our common stock at favorable prices.
  • Risks Related to Our Tax Matters
  • Our global effective tax rate is subject to a variety of different factors, which could create volatility in that rate, expose us to greater than anticipated tax liabilities and cause us to adjust previously recognized tax assets and liabilities.
  • Failure to comply with the tax laws of the U.S., the U.K. or other jurisdictions, which laws are subject to potential legislative, judicial or administrative change and differing interpretations, possibly on a retroactive basis, may result in erroneous filings, adjustments to previously recognized tax assets and liabilities, negative impact to income and reputational damage.
  • Changes in tax laws could have an adverse impact on our business, financial condition, and results of operations.
  • General Risk Factors
  • The market price of our common stock and the broader equity markets have been, and may continue to be, volatile.
  • The carrying value of goodwill and other intangible assets on our balance sheet could become impaired, which would adversely affect our financial condition and results of operations.
  • Our ability to pay regular dividends to our stockholders is subject to the discretion of our Board of Directors and may be limited by our structure and applicable provisions of Delaware law.
  • Our management devotes substantial time to compliance with our public company legal and reporting obligations.

Legal proceedings

From time to time, we may be party to various claims, suits and complaints in the ordinary course of our business. Although the amount of liability that may result from these matters cannot be ascertained, we do not currently believe that, in the aggregate, they will result in liabilities material to our consolidated financial condition, future results of operations or cash flow.

The opening of Item 3, Legal Proceedings.9

Sources

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