Patrick Huvane
Patrick Huvane, the Vice President of Corporate Development, will become Interim CEO.
Highest-materiality recent filing
Associated Capital Group to voluntarily delist from NYSE and deregister with SEC
Board determined burdens of being a public company outweigh advantages, citing cost savings and reduced management demands.
Associated Capital Q2 net income $18.6M ($0.88 EPS), merger arbitrage gross return +5.45%
Net income of $18.6M vs $3.0M in Q2 2024; EPS $0.88 vs $0.14.
Associated Capital reports preliminary Q2 book value $43.20-$43.40, up from Q1
Preliminary Q2 2025 book value per share range $43.20-$43.40.
AC shareholders elect all nine director nominees, ratify Deloitte as auditor
All nine director nominees elected with votes ranging from ~185.56M to ~185.74M; broker non-votes 198,147.
Associated Capital Q1 net income falls 44.5% to $7.7M; CEO Jamieson retires, Huvane interim CEO
Net income $7.7M ($0.36 diluted EPS) vs $13.8M ($0.64) in Q1 2024; revenue down 29% to $2.1M.
Associated Capital pre-announces Q1 book value $42.42-$42.62, up from $42.14
Preliminary book value per share range of $42.42 to $42.62 as of March 31, 2025.
CEO Douglas R. Jamieson to retire March 17, 2025; Patrick Huvane named Interim CEO
Jamieson retires as CEO and President effective March 17, 2025, remains on Board.
AC reports Q4 net income $0.20/sh, full-year EPS $2.08; AUM down 22% to $1.25B
Net income Q4 $4.28M ($0.20 EPS); full year $44.33M ($2.08 EPS) vs $1.72 in 2023.
Associated Capital reports preliminary Q4 2024 book value range of $42.04-$42.24 per share
Book value range $42.04-$42.24 per share vs. $42.02 at Sept. 30, 2024.
Net income $23.2M ($1.09 EPS) vs net loss $16K in Q3 2023; revenue $2.4M, up from $2.2M.
Preliminary Q3 book value range $41.85-$42.05 per share, ex $2 special dividend payable Nov 4
Book value range $41.85-$42.05 at Sep 30, 2024, excluding $2 special dividend declared Sept 2024.
Associated Capital declares special dividend of $2.00 per share; payable Nov 4
Special cash dividend of $2.00 per share declared, payable Nov 4, 2024 to holders of record Oct 21, 2024.
Associated Capital sets Oct 18, 2024 registration date for $0.20/share charitable contribution
Shareholder Designated Charitable Contribution of $0.20 per share for Class A and Class B shareholders.
Associated Capital Q2 net income $3.0M, AUM $1.36B down 12% from year-end
Revenue $2.6M up from $2.4M YoY; operating loss before mgmt fee widened to $3.2M from $2.9M.
Associated Capital Group reports preliminary Q2 2024 book value range of $42.75-$42.95 per share
Preliminary book value per share range of $42.75-$42.95 for quarter ended June 30, 2024.
Associated Capital shareholders elect all nine director nominees and ratify auditor
All nine director nominees elected with 99.8%+ of votes cast; broker non-votes ~286K.
AC reports Q1 book value $42.80, net income $13.8M, AUM $1.55B
Book value per share $42.80, up from $42.11 at Dec 31, 2023 and $41.30 a year ago.
Associated Capital reports preliminary Q1 book value $42.67–$42.87 per share
Preliminary March 31 book value range $42.67–$42.87 per share.
Full year 2023 net income $37.5M ($1.72 diluted EPS) vs loss of $48.9M ($2.22 loss) in 2022; revenue down 17% to $12.7M.
Associated Capital guides Q4 book value $41.91-$42.11, up from $40.48 at year-end 2022
Preliminary Q4 2023 book value per share range: $41.91 to $42.11.
Associated Capital names Ian McAdams as CFO; Huvane moves to Corporate Development
Ian McAdams, interim Co-CFO since July 2022, appointed permanent CFO effective Nov 8, 2023.
Associated Capital Q3: book value $41.43; net loss narrows to $16K from $16.5M
Book value per share $41.43 at Sep 30, 2023, up from $39.96 a year ago.
Associated Capital preliminary Q3 book value $41.35-$41.55; AUM $1.59B
Preliminary book value per share range $41.35–$41.55, compared to $41.41 at June 30, 2023.
Associated Capital sets Oct 15 record date for $0.20/share charitable contribution
Record date for 2023 SDCC set to October 15, 2023; $0.20 per share for Class A and Class B holders.
Associated Capital Q2 net income $3.4M vs loss of $29.9M YoY; EPS $0.15 vs -$1.36
Book value per share $41.41 at June 30, 2023 vs $40.30 a year ago.
Associated Capital reports preliminary Q2 book value $41.35-$41.55, AUM down 14% YoY
Preliminary book value per share range $41.35-$41.55 at June 30, 2023, up from $41.30 at March 31, 2023 and $40.30 a year ago.
Associated Capital Group annual meeting elects all nine directors and ratifies auditor
All nine director nominees elected with overwhelming shareholder support; votes for ranged from 186.9M to 187.4M.
Associated Capital reports Q1 net income of $0.81/diluted share; book value per share $41.30
Net income $17.8M ($0.81 diluted EPS) vs loss of $16.2M ($0.73 loss) in Q1 2022.
Associated Capital reports preliminary Q1 book value $41.11-$41.36 per share; AUM $1.80B
Preliminary book value range $41.11-$41.36 per share, up from $40.48 at Dec 31, 2022 but down from $41.72 a year ago.
Full year revenue $15.2M, down 27% YoY from $20.9M on lower incentive fees.
Associated Capital reports preliminary Q4 2022 book value $40.37-$40.57 per share; AUM $1.84B
Estimated book value per share range $40.37-$40.57 as of Dec 31, 2022, up from $39.96 at Sep 30, 2022.
Associated Capital extends record date for charitable contribution program to Jan 18, 2023
Record date for Shareholder Designated Charitable Contribution program extended to January 18, 2023 from December 31, 2022.
Associated Capital approves $3.3M shareholder charitable contribution ($0.15/share)
Board approves $0.15 per share SDCC for all registered Class A and Class B shareholders.
Associated Capital Q3 2022 net loss $16.5M, EPS -$0.75; AUM $1.75B
Revenue $2.6M (+$0.5M YoY); operating loss widened to $3.1M from $0.2M.
Associated Capital prelim Q3 book value $39.81-$40.01, vs $42.48 at Dec 2021
Preliminary book value range $39.81-$40.01 per share as of Sept 30, 2022.
Associated Capital Q2 net loss $29.9M vs year-ago profit; AUM $1.80B
Net loss of $29.9M ($1.36 diluted loss per share) vs net income of $29.7M ($1.34 EPS) in Q2 2021.
Associated Capital reports preliminary Q2 book value $40.20-$40.40, down from $41.72
Preliminary book value range $40.20-$40.40 per share at June 30, 2022.
Associated Capital CFO Timothy Schott resigns effective July 8, 2022
CFO Timothy H. Schott resigns to pursue outside opportunities; effective July 8, 2022.
Associated Capital shareholders vote for two-year say-on-pay frequency; elect directors
Approved two-year frequency for advisory compensation votes with 187.9M votes (99.0%) vs 1.9M for one year.
Associated Capital Q1 net loss $16.2M ($0.73/share); AUM hits record $1.84B
Net loss of $16.2M ($0.73 diluted EPS) vs net income of $18.6M ($0.83) in Q1 2021.
Associated Capital reports preliminary Q1 2022 book value $41.62-$41.82, down from Q4 2021
Preliminary book value per share range: $41.62-$41.82, vs $42.48 at Dec 31, 2021 and $41.22 at Mar 31, 2021.
Associated Capital reports record 2021 results: EPS $2.68, AUM $1.78B, book value $42.48
FY2021 net income $59.2M vs $18.8M in 2020; diluted EPS $2.68 vs $0.84 YoY.
Book value per share estimated $42.38-$42.58 at Dec 31, 2021, up from $40.36 a year ago.
Associated Capital Q3 EPS $0.07, book value $42.24; AUM up to $1.7B
Q3 net income $1.5M ($0.07 diluted EPS) vs $5.8M ($0.26) a year ago.
Associated Capital reports preliminary Q3 book value $42.15-$42.35 per share
Preliminary BV range $42.15-$42.35/share vs $42.21 at June 30, 2021.
Associated Capital Q2 net income $29.7M ($1.34 EPS); book value record $42.21; AUM $1.6B
Net income of $29.7M ($1.34 diluted EPS) vs $35.2M ($1.57) in Q2 2020.
Associated Capital reports preliminary Q2 book value $42.10-$42.30 per share
Preliminary book value per share range $42.10-$42.30, up from $41.22 at Mar 31, 2021.
Patrick Huvane, the Vice President of Corporate Development, will become Interim CEO.
On February 28, 2025, Associated Capital Group, Inc. (the “Company”) announced that Douglas R. Jamieson will be retiring as its Chief Executive Officer and President effective March 17, 2025, and will continue in his role as a Director of the Company.
Patrick Huvane, who has served as interim Co-Chief Financial Officer since July 2022, has been appointed VP of Corporate Development of the Company.
Ian McAdams, previously the interim Co-Chief Financial Officer of the Company, has been named Chief Financial Officer of the Company.
Patrick Huvane, the Chief Financial Officer for affiliate Teton Advisors, Inc., and Ian McAdams, the Company’s Manager of External Reporting and Technical Accounting, will serve as Co-Chief Financial Officers on an interim basis until such time as the Board of Directors has named a successor to Mr. Schott.
On June 14, 2022, Associated Capital Group, Inc. (the “Company”) announced that its Executive Vice President and Chief Financial Officer, Timothy H. Schott, was resigning as an officer and employee of the Company, effective July 8, 2022, to pursue opportunities outside of the Company.
Patrick Huvane, the Chief Financial Officer for affiliate Teton Advisors, Inc., and Ian McAdams, the Company’s Manager of External Reporting and Technical Accounting, will serve as Co-Chief Financial Officers on an interim basis until such time as the Board of Directors has named a successor to Mr. Schott.
Max materiality 0.90 · Median 0.55 · Most common event earnings