---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-015832"
form_type: "8-K"
ticker: "ACGP"
cik: "0001642122"
company_name: "Associated Capital Group, Inc."
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T01:47:19.856990+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Associated Capital Q1 net income falls 44.5% to $7.7M; CEO Jamieson retires, Huvane interim CEO

## Summary
- Net income $7.7M ($0.36 diluted EPS) vs $13.8M ($0.64) in Q1 2024; revenue down 29% to $2.1M.
- Merger Arbitrage gross return 3.8% (net 2.8%) in Q1; AUM $1.27B vs $1.25B at year-end 2024.
- Book value per share $42.51 vs $42.14 at Dec 31, 2024; declared $0.10 semi-annual dividend.
- CEO Doug Jamieson retired March 2025; Patrick Huvane named Interim CEO effective upon retirement.
- Repurchased 39,018 Class A shares for $1.4M in Q1; cumulative shareholder return $184.2M since spin-off.

## SEC filing metadata
- accession: 0001437749-25-015832
- form_type: 8-K
- ticker: ACGP
- cik: 0001642122
- company_name: Associated Capital Group, Inc.
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1642122/000143774925015832/0001437749-25-015832-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1642122/000143774925015832/ac20250409_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015832
- JSON: https://secwatch.observer/filing/0001437749-25-015832.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015832.txt

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