P10 reports record Q1 revenue of $66.1M, up 15% YoY; dividend increased 8% to $0.035; Chairman transition to Sarsfield

Ridgepost Capital, Inc.

2024-Q1 EPS reported $0.04 revenue$66,115,000

Record quarterly revenue of $66.1M (+15% YoY); GAAP net income $5.2M vs $0.8M prior year.
Adjusted EBITDA $30.8M; ANI per share $0.21; GAAP EPS $0.04.
Quarterly dividend increased 8% to $0.035/share, payable June 20, 2024 to holders of record May 31.
Executive Chairman Robert Alpert resigns effective June 14, 2024; CEO Luke Sarsfield appointed Chairman.
Stockholder rights plan terminated early as no longer needed for tax benefits.

item 1.02 item 2.02 item 3.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Robert Alpert

Executive Chairman

RPC · Ridgepost Capital, Inc.

Effective: 2024-06-14
Successor: Luke A. Sarsfield III
Filed: May 8, 2024, 7:59 PM ET

On May 6, 2024, Robert Alpert notified the Board that he was resigning as Executive Chairman and on May 7, 2024, the Board accepted the resignation of Mr. Alpert as Executive Chairman and appointed CEO and President Luke A. Sarsfield III as Chairman of the Board, in each case, to become effective as of the upcoming annual meeting of stockholders on June 14, 2024.

Appointed

Luke A. Sarsfield III

Chairman of the Board

RPC · Ridgepost Capital, Inc.

Effective: 2024-06-14
Filed: May 8, 2024, 7:59 PM ET

On May 6, 2024, Robert Alpert notified the Board that he was resigning as Executive Chairman and on May 7, 2024, the Board accepted the resignation of Mr. Alpert as Executive Chairman and appointed CEO and President Luke A. Sarsfield III as Chairman of the Board, in each case, to become effective as of the upcoming annual meeting of stockholders on June 14, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Ridgepost Capital, Inc. reported first quarter ended March 31, 2024 results: revenue $66.1 million, net income $5.2 million, EPS $0.04.

Period: first quarter ended March 31, 2024
Revenue: $66.1 million
Net income: $5.2 million
EPS: $0.04
Result: reported results

Exact text from the filing

of any general incorporation language in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 P10 Reports First Quarter 2024 Earnings Results Generated Record Quarterly Revenue of $66.1 Million, a 15% Annual Increase Increased Quarterly Dividend by 8% DALLAS, May 8, 2024 (GLOBE NEWSWIRE) - P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Alpert resigned as Executive Chairman at Ridgepost Capital, Inc..

Action: resigned
Role: Executive Chairman

Exact text from the filing

On May 6, 2024, Robert Alpert notified the Board that he was resigning as Executive Chairman and on May 7, 2024, the Board accepted the resignation of Mr. Alpert as Executive Chairman and appointed CEO and President Luke A. Sarsfield III as Chairman of the Board, in each case, to become effective as of the upcoming annual meeting of stockholders on June 14, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Luke A. Sarsfield III was appointed as Chairman of the Board at Ridgepost Capital, Inc..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

On May 6, 2024, Robert Alpert notified the Board that he was resigning as Executive Chairman and on May 7, 2024, the Board accepted the resignation of Mr. Alpert as Executive Chairman and appointed CEO and President Luke A. Sarsfield III as Chairman of the Board, in each case, to become effective as of the upcoming annual meeting of stockholders on June 14, 2024.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ridgepost Capital, Inc. terminated Rights Agreement with Equiniti Trust Company, LLC (effective 2024-05-08).

Action: termination
Counterparty: Equiniti Trust Company, LLC
Effective: 2024-05-08

Exact text from the filing

the rights under the Rights Agreement will expire and the Rights Agreement shall terminate at the close of business on May 8, 2024.

View on SEC.gov

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Ridgepost Capital, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-055658

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