Form 8-K VIRTUS INVESTMENT PARTNE For: Dec 07
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E-mailUNITED 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 7, 2016 |
Virtus Investment Partners, Inc. |
(Exact Name of Registrant as Specified in Charter) |
Delaware | 1-10994 | 95-4191764 |
(State or other jurisdiction | (Commission | (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
100 Pearl St., 9th Floor, Hartford, CT | 06103 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code | (800) 248-7971 |
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of Directors
On December 7, 2016, the Board of Directors of Virtus Investment Partners (the “Company”) elected Ms. Sheila Hooda to serve as a Class III director of the Company. Ms. Hooda currently is the CEO and President of Alpha Advisory Partners. The Board appointed Ms. Hooda to its Audit Committee and Risk and Finance Committee.
Ms. Hooda will be compensated for her service on the Board in accordance with the Company’s compensation program for non-employee directors. As compensation for the remainder of the 2016 Board service year, Ms. Hooda will receive a pro rata portion of the Company’s annual cash retainer and equity compensation in a cash payment.
There are no arrangements or understandings between Ms. Hooda and any other person pursuant to which she was selected as a director.
A press release announcing the election of Ms. Hooda, is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release of Virtus Investment Partners, Inc., dated December 12, 2016
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.
VIRTUS INVESTMENT PARTNERS, INC. | |||||
Dated: December 12, 2016 | By: | /s/ Mark S. Flynn | |||
Name: | Mark S. Flynn | ||||
Title: | Executive Vice President, General Counsel and Secretary | ||||
Index to Exhibits
Exhibit
Number Exhibit Description
99.1 Press Release of Virtus Investment Partners, Inc., dated December 12, 2016
 | News Release | |
Sheila Hooda Joins Virtus Investment Partners Board
HARTFORD, CT, December 12, 2016 – Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today announced that Sheila Hooda, founder, chief executive officer and president of Alpha Advisory Partners, has been appointed to the Virtus Board of Directors.
Hooda founded Alpha Advisory Partners in 2013 and has served as its CEO and president, focusing on strategy and long-term planning. The firm advises on strategic positioning, mergers and acquisitions, turnaround and transformation, customer-centricity and digital business models for companies in the financial and business services sectors.
“Sheila brings significant experience in the asset management industry from her senior roles in strategy and business development across a number of global organizations as well as her service on corporate boards,” said George R. Aylward, Virtus’ president and chief executive officer. “We welcome the opportunity to have her join our board and we look forward to benefiting from her experience and insights.”
Prior to founding Alpha Advisory Partners, Hooda served most recently as the global head of strategy and business development in the Investors Segment of Thomson Reuters’ Financial & Risk business group, and earlier as senior managing director in strategy, M&A and corporate development roles at TIAA, the retirement and asset management company. She previously was managing director, global equities in the Investment Banking Division at Credit Suisse Group, and prior to this held roles at Bankers Trust, Andersen Consulting and McKinsey & Co. She began her career at American Express Bank in India.
She serves on the board of directors of Mutual of Omaha Insurance Company, where she is a member of the Investment Committee and the Risk Committee.
Hooda has a Bachelor of Science degree with Math honors from the University of Poona and completed the Post Graduate Diploma in Management (PGDM) at the Indian Institute of Management - Ahmedabad. She also earned a Master of Business Administration from the Booth School of Business at the University of Chicago. Hooda has been recognized by the National Association of Corporate Directors as a Board Leadership Fellow.
Virtus Investment Partners, Inc. | 100 Pearl Street | Hartford, CT 06103 | www.virtus.com
Virtus Investment Partners - 2
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliated managers include Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, Rampart Investment Management, and Virtus ETF Solutions. Additional information can be found at virtus.com.
Contacts | ||
Joe Fazzino, Media Relations | Jeanne Hess, Investor Relations | |
(860) 263-4725 | (860) 263-4730 | |
Ryan Gorman, Media Relations | ||
(646) 747-7142 | ||
Virtus Investment Partners, Inc. | 100 Pearl Street | Hartford, CT 06103 | www.virtus.com
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