gamco investors inc-a (GBL) Key Developments
GAMCO Investors, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 5 15
GAMCO Investors, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $103,845,000 compared to $104,477,000 a year ago. Operating income before management fee was $38,382,000 compared to $41,227,000 a year ago. Income before management fee and income taxes was $44,375,000 compared to $47,320,000 a year ago. Income before income taxes was $39,938,000 compared to $42,592,000 a year ago. Net income was $24,759,000 compared to $27,976,000 a year ago. Net income attributable to company was $24,776,000 or $0.97 basic and diluted per share compared to $27,954,000 or $1.09 basic and diluted per share a year ago. Operating income, which is net of management fee expense decreased 7.0%, or $2.6 million, to $33.9 million in the first quarter of 2015 versus $36.5 million in the prior year period.
GAMCO Investors, Inc. Declares Quarterly Dividend, Payable on June 30, 2015
May 5 15
GAMCO Investors, Inc’s Board of Directors declared a regular quarterly dividend of $0.07 per share payable on June 30, 2015 to its Class A and Class B shareholders of record on June 16, 2015.
GAMCO Investors, Inc., Annual General Meeting, May 05, 2015
Apr 24 15
GAMCO Investors, Inc., Annual General Meeting, May 05, 2015., at 08:30 US Eastern Standard Time. Location: One Corporate Center. Agenda: To elect eight directors to the Board of Directors to serve until the 2016 Annual Meeting of Shareholders or until their respective successors have been duly elected and qualified; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2015; to re-approve the Amended and Restated Employment Agreement with Mario J. Gabelli, the company's Chairman and Chief Executive Officer; and to vote on any other business that properly comes before the meeting.
Robert S. Zuccaro to Resign as Executive Vice President and Chief Financial Officer of GAMCO Investors, Inc., Effective July 1, 2015
Apr 18 15
On April 17, 2015, GAMCO Investors, Inc. announced that Robert S. Zuccaro, Executive Vice President and Chief Financial Officer, will be resigning as of July 1, 2015. Mr. Zuccaro originally joined GAMCO in June 1998 and served as Controller, then Chief Financial Officer until 2003.
GAMCO Investors Files Shelf Registration; Plans Acquisitions
Apr 10 15
GAMCO Investors, Inc. (NYSE:GBL) has filed a shelf registration in the amount of $500 million. The net proceeds from the sale of the securities will be used for general corporate purposes. These purposes may include, but are not limited to, working capital, including the expansion of our business through new investment product offerings, enhanced distribution and marketing of existing investment products and strategic acquisitions as opportunities arise.