--- schema_version: "secwatch.filing_event.v1" accession: "0001591587-24-000062" form_type: "8-K" ticker: null cik: "0001591587" company_name: "AssetMark Financial Holdings, Inc." filed_at: "2024-09-05T23:59:59+00:00" generated_at: "2026-05-31T06:15:07.784107+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # AssetMark completes $2.7B go-private acquisition by GTCR; stock delisted, new leadership appointed ## Summary - Merger closed Sept 5, 2024; shareholders received $35.25 per share in cash. - Company common stock delisted from NYSE; deregistration to follow. - Lou Maiuri appointed Chairman and Group CEO; Michael Kim continues as President and CEO. - Board reconstituted: Maiuri, Zyla, Lomio join; eight prior directors departed. - Acquisition valued at ~$2.7 billion; GTCR now owns 100% of AssetMark. ## SEC filing metadata - accession: 0001591587-24-000062 - form_type: 8-K - cik: 0001591587 - company_name: AssetMark Financial Holdings, Inc. - filed_at: 2024-09-05T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.02, 2.01, 3.03, 5.01, 5.02, 5.03, 3.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/amk-20240905.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001591587-24-000062 - JSON: https://secwatch.observer/filing/0001591587-24-000062.json - Plain text: https://secwatch.observer/filing/0001591587-24-000062.txt ## Key facts - Executive change Lei Wang departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Xiaoning Jiao departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Gary Zyla was appointed as Director at AssetMark Financial Holdings, Inc.. - Action: became - Role: Director source text: At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Patricia Guinn departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Rohit Bhagat departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Ying Sun departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Louis Maiuri was appointed as Director at AssetMark Financial Holdings, Inc.. - Action: became - Role: Director source text: At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Joseph Velli departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Michael Lomio was appointed as Director at AssetMark Financial Holdings, Inc.. - Action: became - Role: Director source text: At the Effective Time, the following persons became directors of the Company: Louis Maiuri, Gary Zyla and Michael Lomio. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Yi Zhou departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Bryan Lin departed as Director at AssetMark Financial Holdings, Inc.. - Action: ceased - Role: Director source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - Executive change Louis Maiuri was appointed as other_named_officer at AssetMark Financial Holdings, Inc.. - Action: became source text: At the Effective Time, the following persons became officers of the Company: Louis Maiuri. evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm - M&A Transactions 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 source text: 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) evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000159158724000062/0001591587-24-000062-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.