SEI
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
December 11, 2018
Date of report (Date of earliest event reported)
SEI INVESTMENTS COMPANY
(Exact name of registrant as specified in its charter)
Pennsylvania | 0-10200 | 23-1707341 | ||
(State or other jurisdiction of incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) | ||
1 Freedom Valley Drive
Oaks, Pennsylvania 19456
(Address of principal executive offices) (Zip Code)
(610) 676-1000
(Registrants’ telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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:
¨ | 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)) |
Item 8.01. Other Events.
On Tuesday, December 11, 2018, the Company issued a press release declaring a dividend of $0.33 (thirty-three cents) per share. The cash dividend will be payable to shareholders of record on Thursday, December 27, 2018 with a payment date of Tuesday, January 8, 2019. In addition, SEI's Board of Directors also approved an increase in its stock repurchase program by an additional $250 million, increasing the available authorization under the program to approximately $268 million.
A copy of the press release is furnished as Exhibit 99.1 and incorporated in this Item 8.01 by reference.
As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 8.01 and Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
2
SIGNATURES
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.
SEI INVESTMENTS COMPANY | |||
Date: | December 11, 2018 | By: | /s/ Dennis J. McGonigle |
Dennis J. McGonigle Chief Financial Officer | |||
3
EXHIBIT INDEX
Exhibit Number | Description | |
4
Exhibit 99.1
Investor Contact:
Lindsey Opsahl
SEI
+1 610-676-4052
lopsahl@seic.com
Pages: 1
FOR IMMEDIATE RELEASE
SEI Declares Dividend of $0.33 Per Share and
Announces Increase in Stock Repurchase Program
OAKS, Pa., Dec. 11, 2018 – The Board of Directors of SEI Investments Company (NASDAQ: SEIC) today declared a regular semi-annual dividend of $0.33 (thirty-three cents) per share. The cash dividend will be payable to shareholders of record on Dec. 27, 2018, with a payment date of Jan. 8, 2019.
The board also announced an increase in its stock repurchase program by an additional $250 million, increasing the available authorization under the program to approximately $268 million. Since the beginning of calendar year 2018, the Company repurchased approximately 5.6 million shares at a cost of approximately $352.4 million.
About SEI
After 50 years in business, SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of Sept. 30, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $920 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $339 billion in assets under management and $576 billion in client assets under administration. For more information, visit seic.com.
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