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CLMS > SEC Filings for CLMS > Form 8-K on 6-Nov-2012All Recent SEC Filings

Show all filings for CALAMOS ASSET MANAGEMENT, INC. /DE/ | Request a Trial to NEW EDGAR Online Pro

Form 8-K for CALAMOS ASSET MANAGEMENT, INC. /DE/


6-Nov-2012

Results of Operations and Financial Condition, Change in Dire


Item 2.02. Results of Operations and Financial Condition.

On November 6, 2012, Calamos Asset Management, Inc. ("Corporation") issued a press release reporting results for the third quarter of 2012. The press release issued by the Corporation is attached as Exhibit 99.1.



Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

(d) On and effective November 1, 2012, the Board of Directors of the Corporation appointed Gary D. Black as a Director. Mr. Black's appointment was pursuant to the terms of an Employment Agreement dated August 31, 2012 which was entered into between Calamos Advisors LLC, an indirect subsidiary of the Corporation, and Mr. Black. The parties agreed that Mr. Black would be appointed to the Board of Directors as soon as practicable after the start of his employment. The arrangement between the parties is more fully described in the Employment Agreement which is attached as Exhibit 10.1. The Corporation issued a press release on November 6, 2012 reporting Mr. Black's appointment and the press release is attached as Exhibit 99.2.

The Employment Agreement was entered into pursuant to the terms of a Membership Interest Purchase Agreement dated August 31, 2012 between Calamos Investments LLC, a direct subsidiary of the Corporation, and Mr. Black. Calamos Investments LLC acquired all of the issued and outstanding membership interests of Black Capital LLC on August 31, 2012 under the Membership Interest Purchase Agreement. Black Capital LLC was a long\short equity investment firm located in New York City and the purchase price of the membership interests was $6.8 million; which amount also represented Mr. Black's interest in the transaction.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

10.1 Employment Agreement between Calamos Advisors LLC and Gary D. Black.
99.1 Press release issued by the Corporation on November 6, 2012 regarding third quarter 2012 results.
99.2 Press release issued by the Corporation on November 6, 2012 regarding Gary D. Black.


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