Recent 8-K filings for VRTS
Highest-materiality recent filing
Virtus acquires 56% of Keystone for $308.2M; expands into private credit
- Total purchase price $308.2M: $198.8M cash at close, $109.4M contingent consideration (deferred cash $88.1M, earn-out $21.3M).
- Keystone generated $60.9M in management fee revenue and $40.9M net income for FY2025.
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Virtus shareholders elect directors, ratify Deloitte, approve say-on-pay at 2026 meeting
All seven director nominees elected; highest vote for George R. Aylward with 5,244,294 for.
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Virtus acquires 56% of Keystone for $308.2M; expands into private credit
Total purchase price $308.2M: $198.8M cash at close, $109.4M contingent consideration (deferred cash $88.1M, earn-out $21.3M).
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Virtus Q1 GAAP EPS $1.05, adjusted $5.38; revenue $199.5M; net outflows $8.4B
GAAP diluted EPS $1.05 vs. $4.05 in Q1 2025 (-74%); adjusted diluted EPS $5.38.
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Revised non-GAAP measures now include economic tax benefit realized on amortization of goodwill and intangible assets.
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Virtus closes $295M+ majority acquisition of Keystone National Group, expanding into private credit
Acquired 56% of Keystone for $200M cash at close plus $65M (yr 1), $30M (yr 2), up to $75M contingent on revenue.
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Virtus Q4 2025 GAAP EPS $5.17, adjusted $6.50; revenue $208M (-11% YoY); net outflows $8.1B
GAAP diluted EPS $5.17; adjusted diluted EPS $6.50.
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Virtus completes 35% minority investment in Crescent Cove, adding private credit capability
Acquired 35% minority interest in Crescent Cove Advisors, a San Francisco-based private credit firm.
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Virtus Investment Partners to acquire majority stake in Keystone for up to $370M
Initial purchase price $200M cash at close, plus $65M year 1, $30M year 2, and up to $75M contingent on revenue targets.
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Virtus Q3 EPS $4.65; adj. EPS $6.69; revenue down 5% YoY; net outflows $3.9B
GAAP diluted EPS $4.65 vs $5.71 YoY; adjusted diluted EPS $6.69.
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Virtus enters new $400M term loan and $250M revolver, refinances prior credit facility
New $400.0M seven-year term loan and $250.0M five-year revolving facility, dated September 26, 2025.
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Virtus Q2 EPS $6.12 ($6.25 adjusted), net income up 141% YoY to $42.4M
Diluted EPS of $6.12 vs $2.43 a year ago; adjusted diluted EPS $6.25.
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Director Susan S. Fleming to retire at end of term in May 2026
Susan S. Fleming notified the company on June 27, 2025, of her retirement as director at the end of her term in May 2026.
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Virtus shareholders elect all six director nominees; say-on-pay passes at annual meeting
All six director nominees elected: Bain, Fleming, Holt, Jones, Morris, Weisenseel; each received >5.4M for vs <560K withheld.
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Virtus Q1 2025 EPS $4.05 (adj. $5.73); AUM $167.5B; net outflows $3.0B
GAAP EPS $4.05 vs $4.10 YoY; adjusted EPS $5.73; net income $28.6M, down 4%.
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Virtus Q4 adj EPS $7.50, revenue up 9% YoY; net outflows $4.8B
GAAP diluted EPS $4.66; adjusted diluted EPS $7.50.
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Virtus appoints John C. Weisenseel to Board and Audit Committee
John C. Weisenseel appointed director effective Dec 9, 2024; also joins Audit Committee.
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Virtus Investment Partners Q3 EPS $5.71 GAAP, $6.92 adjusted; AUM $183.7B
GAAP diluted EPS $5.71 vs $4.19 YoY; adjusted EPS $6.92.
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Virtus Q2 GAAP EPS $2.43 (-41% YoY); adj EPS $6.53; AUM $173.6B; net outflows $2.6B
GAAP net income $17.6M, down 42% YoY; diluted EPS $2.43 vs $4.10.
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Shareholders approve Virtus Omnibus Incentive Plan amendment adding 455,000 shares
Shareholders approved increase in shares authorized under the Omnibus Incentive Plan by 455,000, with 5,309,897 for, 559,150 against, 2,847 abstain.
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Virtus Q1 GAAP EPS $4.10, adjusted EPS $5.41; revenue $222M up 12% YoY
GAAP diluted EPS $4.10 vs $5.21 in Q1 2023 (-21%); adjusted diluted EPS $5.41.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.70 · Most common event earnings