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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/17/21 Waddell & Reed Financial Inc. DEFM14A 1:4.6M Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: DEFM14A Definitive Proxy Statement - Merger or Acquisition HTML 1.52M
tm213694-3_defm14a - block - 21.8594947s |
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| Annex A — Agreement and Plan of Merger | | | | | | | |
| Annex B — Section 262 of the General Corporation Law of the State of Delaware | | | | | | | |
| Annex C — Opinion of J.P. Morgan Securities LLC | | | | | | | |
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The Board unanimously recommends that the stockholders of the Company vote
“FOR” the proposal to adopt the merger agreement. |
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Calendar Year Ending December 31,
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2021E
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2022E
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2023E
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2024E
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2025E
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Asset Management | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gross Revenue ($mm)(1)
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| | | $ | 553 | | | | | $ | 547 | | | | | $ | 546 | | | | | $ | 553 | | | | | $ | 567 | | |
Net Revenue ($mm)(1)
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| | | $ | 492 | | | | | $ | 488 | | | | | $ | 488 | | | | | $ | 496 | | | | | $ | 509 | | |
EBITDA ($mm)(2)
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| | | $ | 111 | | | | | $ | 109 | | | | | $ | 111 | | | | | $ | 111 | | | | | $ | 114 | | |
Unlevered Free Cash Flow
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| | | $ | 77 | | | | | $ | 76 | | | | | $ | 81 | | | | | $ | 80 | | | | | $ | 81 | | |
Wealth Management | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gross Revenue ($mm)
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| | | $ | 613 | | | | | $ | 651 | | | | | $ | 690 | | | | | $ | 733 | | | | | $ | 780 | | |
EBITDA ($mm)(2)
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| | | $ | 34 | | | | | $ | 40 | | | | | $ | 45 | | | | | $ | 50 | | | | | $ | 56 | | |
Unlevered Free Cash Flow
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| | | $ | 16 | | | | | $ | 20 | | | | | $ | 28 | | | | | $ | 31 | | | | | $ | 35 | | |
Month/Year Announced
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Acquiror
|
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Target
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Asset Management | | | | | | | |
April 2014
|
| | TIAA (formerly TIAA-CREF) | | | Nuveen, LLC (formerly Nuveen Investments, Inc.) | |
October 2016
|
| | Henderson Group plc | | | Janus Capital Group Inc. | |
December 2016
|
| | Virtus Investment Partners, Inc. | | | RidgeWorth Holdings LLC | |
March 2017
|
| | Standard Life plc | | | Aberdeen Asset Management PLC | |
March 2017
|
| | HNA Capital (U.S.) Holding LLC | | | OM Asset Management plc | |
October 2018
|
| | Invesco Ltd. | | | OppenheimerFunds, Inc. | |
November 2018
|
| | Victory Capital Holdings, Inc. | | | USAA Asset Management Company | |
February 2020
|
| | Franklin Resources, Inc. | | | Legg Mason, Inc. | |
October 2020
|
| | Morgan Stanley | | | Eaton Vance Corp. | |
Wealth Management | | | | | | | |
January 2014
|
| | RCS Capital Corporation | | | Cetera Financial Group | |
October 2015
|
| | Blucora, Inc. | | | HD Vest Financial Services | |
March 2019
|
| | Blucora, Inc. | | | 1st Global, Inc. | |
November 2019
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| | Advisor Group, Inc. | | | Ladenburg Thalmann Financial Services Inc. | |
Name
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Cash(1)
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Equity(2)
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Other
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Total
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| | | $ | 6,307,834 | | | | | $ | 8,090,775 | | | | | $ | — | | | | | $ | 14,398,609 | | | |
Benjamin R. Clouse
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| | | $ | 2,767,695 | | | | | $ | 1,694,700 | | | | | $ | — | | | | | $ | 4,462,395 | | |
Brent. K. Bloss
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| | | $ | 4,264,140 | | | | | $ | 4,321,875 | | | | | $ | — | | | | | $ | 8,586,015 | | |
Daniel P. Hanson
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| | | $ | 4,135,740 | | | | | $ | 5,866,775 | | | | | $ | — | | | | | $ | 10,002,515 | | |
Shawn M. Mihal
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| | | $ | 2,562,086 | | | | | $ | 1,685,125 | | | | | $ | — | | | | | $ | 4,247,211 | | |
Name
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Company
Restricted Stock ($) |
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Company
RSUs ($) |
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| | | $ | 8,090,775 | | | | | $ | — | | | |
Benjamin R. Clouse
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| | | $ | 1,694,700 | | | | | $ | — | | |
Brent. K. Bloss
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| | | $ | 4,321,875 | | | | | $ | — | | |
Daniel P. Hanson
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| | | $ | 5,866,775 | | | | | $ | — | | |
Shawn M. Mihal
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| | | $ | 1,614,650 | | | | | $ | 70,475 | | |
Date
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Closing per
Share Price |
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| | | $ | 16.87 | | | |
| | | $ | 25.18 | | |
Name of Owner
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Common
Stock Beneficially Owned(1)(2) |
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Percent of
Outstanding Common Stock(2) |
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The Vanguard Group
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| | | | 6,702,961 (3) | | | | | | 10.8% | | |
BlackRock, Inc.
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| | | | 9,564,315 (4) | | | | | | 15.4% | | |
Kathie J. Andrade
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| | | | 13,150 | | | | | | * | | |
Brent K. Bloss
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| | | | 375,467 | | | | | | * | | |
Benjamin R. Clouse
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| | | | 111,089(5) | | | | | | * | | |
Sharilyn S. Gasaway
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| | | | 52,187 | | | | | | * | | |
Thomas C. Godlasky
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| | | | 58,026 | | | | | | * | | |
Daniel P. Hanson
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| | | | 388,583(6) | | | | | | * | | |
James A. Jessee
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| | | | 11,229 | | | | | | * | | |
Katherine M.A. (“Allie”) Kline
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| | | | 6,794 | | | | | | * | | |
Dennis E. Logue
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| | | | 76,956 | | | | | | | | |
Shawn M. Mihal
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| | | | 89,578 | | | | | | * | | |
Michael F. Morrissey
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| | | | 52,187 | | | | | | * | | |
| | | | 754,542 | | | | | | * | | | |
Jerry W. Walton
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| | | | 76,831 | | | | | | * | | |
All current executive officers and directors as a group (16 persons)
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| | | | 2,290,998 | | | | | | 3.7% | | |
Name
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Number of
Shares |
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| | | | 323,631 | | | |
Benjamin R. Clouse
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| | | | 67,788 | | |
Brent. K. Bloss
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| | | | 172,875 | | |
Daniel P. Hanson
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| | | | 234,671 | | |
Shawn M. Mihal
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| | | | 64,586 | | |
All current executive officers as a group (8 persons)
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| | | | 1,016,466 | | |
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EXHIBIT A | | | | | | | |
This ‘DEFM14A’ Filing | Date | Other Filings | ||
---|---|---|---|---|
3/15/22 | ||||
12/31/21 | ||||
12/2/21 | ||||
5/7/21 | ||||
4/29/21 | 10-K/A, 10-Q | |||
3/23/21 | 8-K | |||
3/22/21 | 8-K | |||
3/19/21 | ||||
3/18/21 | ||||
Filed on: | 2/17/21 | |||
2/15/21 | ||||
2/11/21 | ||||
2/5/21 | DEFA14A | |||
2/4/21 | SC 13G/A | |||
2/3/21 | DEFA14A | |||
2/1/21 | ||||
1/28/21 | ||||
1/25/21 | ||||
1/19/21 | ||||
1/15/21 | ||||
12/31/20 | 10-K, 10-K/A, 13F-HR, 4 | |||
12/30/20 | ||||
12/28/20 | ||||
12/23/20 | ||||
12/2/20 | 8-K, DEFA14A | |||
12/1/20 | ||||
11/30/20 | ||||
11/29/20 | ||||
11/28/20 | ||||
11/27/20 | ||||
11/25/20 | ||||
11/24/20 | ||||
11/23/20 | ||||
11/20/20 | ||||
11/19/20 | ||||
11/18/20 | ||||
11/17/20 | ||||
11/16/20 | ||||
11/15/20 | ||||
11/14/20 | ||||
11/13/20 | 13F-HR | |||
11/12/20 | 8-K | |||
11/11/20 | 8-K | |||
11/10/20 | ||||
11/5/20 | ||||
11/4/20 | ||||
11/3/20 | ||||
11/2/20 | ||||
10/30/20 | 10-Q | |||
10/29/20 | ||||
10/28/20 | ||||
10/27/20 | 8-K | |||
10/26/20 | ||||
10/23/20 | ||||
10/21/20 | 8-K | |||
10/20/20 | 8-K | |||
10/19/20 | ||||
10/17/20 | ||||
10/15/20 | ||||
10/14/20 | ||||
10/7/20 | ||||
10/6/20 | ||||
10/5/20 | ||||
10/4/20 | ||||
10/2/20 | ||||
10/1/20 | ||||
9/30/20 | 10-Q, 13F-HR | |||
9/23/20 | ||||
9/22/20 | ||||
9/11/20 | 8-K | |||
9/7/20 | ||||
8/27/20 | ||||
8/26/20 | ||||
8/24/20 | ||||
8/20/20 | ||||
8/7/20 | ||||
8/3/20 | ||||
7/31/20 | 10-Q | |||
7/8/20 | ||||
7/1/20 | ||||
6/25/20 | ||||
6/24/20 | ||||
6/22/20 | ||||
6/18/20 | ||||
6/15/20 | ||||
6/9/20 | ||||
6/8/20 | ||||
6/5/20 | ||||
6/2/20 | ||||
5/22/20 | ||||
5/9/20 | ||||
5/8/20 | ||||
5/6/20 | ||||
5/4/20 | S-8 | |||
4/29/20 | 8-K, DEF 14A | |||
4/28/20 | 8-K | |||
4/24/20 | ||||
4/23/20 | ||||
4/22/20 | ||||
4/20/20 | ||||
4/19/20 | ||||
4/17/20 | ||||
4/16/20 | ||||
4/9/20 | 8-K | |||
4/7/20 | ||||
4/6/20 | 4, DEFA14A | |||
3/31/20 | 10-Q, 13F-HR | |||
3/16/20 | ||||
3/9/20 | ||||
2/21/20 | 10-K, 3, 4 | |||
2/19/20 | ||||
1/22/20 | ||||
12/31/19 | 10-K, 13F-HR, 4 | |||
9/30/19 | 10-Q, 13F-HR | |||
6/30/19 | 10-Q, 13F-HR | |||
1/1/19 | ||||
1/1/18 | ||||
1/17/17 | SC 13G/A | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/04/20 Waddell & Reed Financial Inc. 8-K:1,5,9 12/02/20 12:1.1M Toppan Merrill/FA 12/02/20 Waddell & Reed Financial Inc. 8-K:8,9 12/02/20 11:253K Toppan Merrill/FA 10/30/20 Waddell & Reed Financial Inc. 10-Q 9/30/20 68:10M Toppan Merrill Bridge/FA 10/21/20 Waddell & Reed Financial Inc. 8-K:1,2,9 10/20/20 11:1.1M Toppan Merrill/FA 7/31/20 Waddell & Reed Financial Inc. 10-Q 6/30/20 70:9.9M Toppan Merrill Bridge/FA 5/01/20 Waddell & Reed Financial Inc. 10-Q 3/31/20 68:8.1M Toppan Merrill Bridge/FA 4/30/20 Waddell & Reed Financial Inc. 8-K:5,9 4/29/20 11:340K Toppan Merrill/FA 3/06/20 Waddell & Reed Financial Inc. DEF 14A 4/29/20 1:1.1M Toppan Merrill-FA 2/24/20 Waddell & Reed Financial Inc. 8-K:5,9 2/18/20 10:190K Toppan Merrill/FA 2/21/20 Waddell & Reed Financial Inc. 10-K 12/31/19 112:15M Toppan Merrill Bridge/FA |