secwatch / observer
8-K filed September 5, 2024, 7:59 PM ET CIK 0001591587
M&A confidence high sentiment neutral materiality 1.00

AssetMark Financial Holdings, Inc.: M&A transaction — AssetMark completes $2.7B go-private acquisition by GTCR; stock delisted, new leadership appointed

AssetMark Financial Holdings, Inc.

item 1.02item 2.01item 3.03item 5.01item 5.02item 5.03item 3.01item 8.01item 9.01

Executive movements

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

Departed

Lei Wang

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Departed

Xiaoning Jiao

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Appointed

Gary Zyla

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio.
Departed

Patricia Guinn

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Departed

Rohit Bhagat

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Departed

Ying Sun

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Appointed

Louis Maiuri

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio.
Departed

Joseph Velli

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Appointed

Michael Lomio

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio.
Departed

Yi Zhou

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Departed

Bryan Lin

Director
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
Appointed

Louis Maiuri

Other Named Officer
AssetMark Financial Holdings, Inc.
Effective
2024-09-05
Filed
September 5, 2024, 7:59 PM ET
At the Effective Time, the following persons became officers of the Company: Louis Maiuri.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lei Wang departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Xiaoning Jiao departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Gary Zyla was appointed as Director at AssetMark Financial Holdings, Inc..

Action
became
Role
Director
Exact text from the filing
At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Patricia Guinn departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Rohit Bhagat departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Ying Sun departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Louis Maiuri was appointed as Director at AssetMark Financial Holdings, Inc..

Action
became
Role
Director
Exact text from the filing
At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Velli departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Lomio was appointed as Director at AssetMark Financial Holdings, Inc..

Action
became
Role
Director
Exact text from the filing
At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Yi Zhou departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan Lin departed as Director at AssetMark Financial Holdings, Inc..

Action
ceased
Role
Director
Exact text from the filing
In connection with the Merger, effective as of the Effective Time, Rohit Bhagat, Patricia Guinn, Bryan Lin, Xiaoning Jiao, Ying Sun, Joseph Velli, Yi Zhou and Lei Wang ceased to be directors of the Company.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Louis Maiuri was appointed as other_named_officer at AssetMark Financial Holdings, Inc..

Action
became
Exact text from the filing
At the Effective Time, the following persons became officers of the Company: Louis Maiuri.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

AssetMark Financial Holdings, Inc. underwent a change of control involving GTCR Everest Borrower, LLC and GTCR Everest Merger Sub, Inc. (affiliates of GTCR) for $35.25 per share in cash (closed 2024-09-05).

Action
change of control
Counterparty
GTCR Everest Borrower, LLC and GTCR Everest Merger Sub, Inc. (affiliates of GTCR)
Consideration
$35.25 per share in cash
Closing
2024-09-05
Exact text from the filing
Time (other than shares held by any holder who is entitled to appraisal rights and has properly exercised such rights under Delaware law) was converted into the right to receive $35.25 in cash, without interest thereon and less applicable withholding taxes (the “ Merger Consideration ”). Pursuant to the Merger Agreement, at the Effective Time: (i) each (1)
View on SEC.gov

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Source: SEC EDGAR
accession 0001591587-24-000062
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