secwatch.observer — SEC 8-K summary
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Issuer:     Moelis & Co (MC)
CIK:        0001596967
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000950170-23-034731
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Moelis reports Q2 GAAP net loss $0.17; revenue down 26%; declares $0.60 dividend; SEC settlement $10M
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- Q2 GAAP revenues $179.9M, down 26% YoY; adjusted revenues $182.2M, down 23%.
- GAAP net loss of $0.17 per share; adjusted net loss of $0.04 per share.
- Declares regular quarterly dividend of $0.60 per share, payable Sep 22 to holders of record Aug 7.
- Agreed $10M civil penalty with SEC staff to resolve messaging app recordkeeping investigation; subject to SEC approval.
- Hired 19 Managing Directors in H1 2023; two additional Industrials-focused MDs expected to join.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596967/000095017023034731/0000950170-23-034731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596967/000095017023034731/mc-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-034731

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer