SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 24, 2019
WisdomTree Investments, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
245 Park Avenue
New York, NY 10167
(Address of principal executive offices, including zip code)
(Registrants telephone number, including area code)
(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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 5.02.|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Appointment of Susan Cosgrove as a Director
On April 24, 2019, the Board of Directors of WisdomTree Investments, Inc. (the Company) appointed Susan Cosgrove to serve as a Class II member of the Board of Directors, effective immediately, with an initial term expiring at the Companys 2019 annual meeting of stockholders.
Ms. Cosgrove will receive cash and equity compensation as provided in the Companys Non-Employee Director Compensation Program. Pursuant to this program, upon appointment to the Board, Ms. Cosgrove received 1,961 shares of restricted stock under the Companys 2016 Equity Plan, which shares vest on the first anniversary of the grant date. The Company has entered into its standard director indemnification agreement with Ms. Cosgrove.
Ms. Cosgrove, 56, is Managing Director and Chief Financial Officer of The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry. She was appointed CFO in August 2013 and is responsible for leading the firms global finance and treasury teams and overseeing the companys financial processes and liquidity and capital position. From 2011 to 2013, she served as Managing Director and General Manager of Settlement and Asset Services of DTCC, overseeing all depository businesses, and from 1999 to 2011, she was the General Manager for DTCCs Equity and Fixed Income Clearing Services. Ms. Cosgrove is a member of DTCCs Management Committee and Management Risk Committee, and she co-chairs the firms Investment and Operating Committee. She is also a member of the DTCC Institutional Trade Processing Board of Managers and the Board of Directors for DerivSERV, two subsidiaries of DTCC. Ms. Cosgrove also serves as Vice Chair of the Board of Pencil Inc., a not for profit organization leading collaboration between business and public education communities. Prior to joining DTCC in 1999, she was a Senior Vice President at Lehman Brothers in charge of Audit and Compliance for the companys Americas division. Before Lehman, she worked at Maxcor Financial Group for 10 years as Chief Financial Officer and Head of Compliance. She began her career as a Senior Auditor for PricewaterhouseCoopers in their Financial Services Group. Ms. Cosgrove received her B.B.A. in Accounting from Baruch College.
A copy of the press release containing information about Ms. Cosgroves appointment is being furnished as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference.
|Item 9.01.|| |
Financial Statements and Exhibits
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.
|WisdomTree Investments, Inc.|
|Date: April 25, 2019||By:|
|Executive Vice President and Chief Financial Officer|
WisdomTree Appoints Susan Cosgrove to Board of Directors
New York, NY(GlobeNewswire) April 25, 2019 WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, today announced that Susan Cosgrove, Managing Director and Chief Financial Officer of The Depository Trust & Clearing Corporation (DTCC), has been appointed to the Board of Directors.
Jonathan Steinberg, WisdomTree President and CEO, said, It is my pleasure to welcome Susan to WisdomTrees Board. Having held several leadership positions within the financial industry for many years, Susans experience and financial, accounting and compliance background will be a tremendous asset to our Company and our shareholders.
In her current role at DTCC, Ms. Cosgrove leads DTCCs global finance and treasury teams and oversees the companys financial processes, liquidity and capital position. She was appointed CFO in 2013. Prior to this role, Ms. Cosgrove served as Managing Director and General Manager of Settlement and Asset Services of DTCC from 2011 to 2013 and General Manager for DTCCs Equity and Fixed Income Clearing Services from 1999 to 2011. Ms. Cosgrove is a member of DTCCs Management Committee and Management Risk Committee, and she co-chairs the firms Investment and Operating Committee.
Prior to joining DTCC in 1999, Ms. Cosgrove served as Senior Vice President at Lehman Brothers, in charge of Audit and Compliance for the companys Americas division. Before Lehman, she was Chief Financial Officer and Head of Compliance for 10 years at Maxcor Financial Group. Ms. Cosgrove received her B.B.A. in Accounting from Baruch College in New York.
More information on WisdomTrees Board of Directors can be found here.
WisdomTree Investments, Inc., through its subsidiaries in the U.S., Europe and Canada (collectively, WisdomTree), is an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $59.3 billion in assets under management globally.
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.
WisdomTree Investments, Inc.
Jessica Zaloom / Kylie Scott
+1.917.267.3735 / +1.917.267.3860
email@example.com / firstname.lastname@example.org
WisdomTree Investments, Inc.
Jason Weyeneth, CFA