UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 12, 2015
GAMCO INVESTORS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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1-14761
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13-4007862
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(State or other
jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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One Corporate Center, Rye, NY
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10580
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code (914) 921-3700
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On October 12, 2015, GAMCO Investors, Inc.'s Board of Directors approved a contribution under its Shareholder Designated Charitable Contribution program of $0.25 per share for all eligible shares of record on December 15, 2015.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 GAMCO Press Release, dated October 13, 2015
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GAMCO Investors, Inc.
By: /s/ Kieran Caterina
Kieran Caterina
Senior Vice-President and co-Chief Accounting Officer
Date:October 13, 2015
Exhibit Index
Exhibit No.
99.1 GAMCO Press Release, dated October 13, 2015
GAMCO’s Board Approves an additional $0.25 per share Contribution under its Shareholder Designated Charitable Contribution Program
RYE, New York, October 13, 2015 – GAMCO Investors, Inc. (GAMCO) (NYSE: GBL) announced today it has again adopted a Shareholder Designated Charitable Contribution program for all registered Class A and Class B shareholders. GAMCO created its Shareholder Designated Charitable Contribution Program in April 2013. In 2013, GAMCO donated $5.3 million to 85 different charities and in 2014 donated $5.5 million to 80 different charities on behalf of its shareholders. Each such shareholder will be eligible to designate charities to which the company will make a donation of $0.25 per share on behalf of the shareholder.
As background, Warren Buffett had a similar program at Berkshire Hathaway from 1981 to 2003. At GAMCO, we believe charitable giving is a cornerstone of society and an obligation for those with the means to make a difference in the world. As an organization, GAMCO will have no control over these donations, but we are happy to make them on behalf of our shareholders.
Shareholders will have until December 15, 2015 to register shares in their own names to participate in the program. Our current plan is to distribute, in late December, a charitable contribution form that must be returned to GAMCO no later than January 31, 2016 for the charitable contribution to be made. Only charities that are recognized 501(c)(3) organizations will be qualified to receive the donation from GAMCO on the shareholder’s behalf. A list of eligible charities is available at: http://www.irs.gov/Charities-&-Non-Profits/Exempt-Organizations-Select-Check.
Based on the approximately 21 million shares currently registered in shareholders’ names, the total contribution GAMCO is expected to make will be $5.3 million. If all shares outstanding are registered in their shareholders’ names at the record date, the total contribution would increase to $6.4 million.
GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.). As of June 30, 2015, GAMCO had $45.4 billion in assets under management.
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release may contain some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. In particular, these include statements relating to future actions, future performance and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, there can be no assurance that our actual results will not differ materially from what we expect or believe.