---
schema_version: "secwatch.filing_event.v1"
accession: "0001165002-22-000079"
form_type: "8-K"
ticker: "WHG"
cik: "0001165002"
company_name: "WESTWOOD HOLDINGS GROUP INC"
filed_at: "2022-05-26T23:59:59+00:00"
generated_at: "2026-06-25T06:38:35.187638+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Westwood to acquire Salient's asset management business for $35M cash plus up to $25M earn-out

## Summary
- Acquisition of Salient's $4.5B AUM increases Westwood's total AUM by 32% to $18.4B.
- Upfront $35M cash, plus earn-out up to $25M based on revenue retention and growth targets.
- Fabian Gomez appointed President, Porter Montgomery as COO, and Steven Paddon as Head of Institutional Sales.
- Transaction expected to close by end of 2022, subject to client consents and customary conditions.
- Westwood expects immediate accretion to earnings and will maintain a debt-free balance sheet.

## SEC filing metadata
- accession: 0001165002-22-000079
- form_type: 8-K
- ticker: WHG
- cik: 0001165002
- company_name: WESTWOOD HOLDINGS GROUP INC
- filed_at: 2022-05-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1165002/000116500222000079/0001165002-22-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1165002/000116500222000079/whg-20220525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001165002-22-000079
- JSON: https://secwatch.observer/filing/0001165002-22-000079.json
- Plain text: https://secwatch.observer/filing/0001165002-22-000079.txt

## Key facts
- Executive change
  Fabian Gomez was appointed as President at WESTWOOD HOLDINGS GROUP INC.
  - Action: appointed
  - Role: President
  source text: Effective May 25, 2022, the Board of Directors of the Company has appointed Fabian Gomez, age 56, to serve as the Company's President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1165002/000116500222000079/0001165002-22-000079-index.htm
- Executive change
  Brian Casey resigned as President at WESTWOOD HOLDINGS GROUP INC.
  - Action: resigned
  - Role: President
  source text: Brian Casey, the Company's current Chief Executive Officer and President, has resigned from his position as President in order to accommodate the promotion of Mr. Gomez to that position.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1165002/000116500222000079/0001165002-22-000079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.