AFFILIATED MANAGERS GROUP, INC. 8-K

What Happened
Affiliated Managers Group, Inc. (AMG) announced in an 8‑K that Thomas M. Wojcik will step down as President and Chief Operating Officer effective March 6, 2026. His duties will be reallocated to other senior leaders. AMG says Wojcik will receive cash payments totaling $5,025,000 in 2026 upon execution (and re‑execution) of a separation and release agreement and for remaining employed through the departure date, plus a conditional $11,050,000 cash payment payable in Q1 2027 if he satisfactorily fulfills ongoing obligations through early 2027.

Key Details

• Departure date: March 6, 2026.
• 2026 cash payment: $5,025,000, contingent on execution/re‑execution of a separation and release agreement and retention through the Departure Date.
• 2027 conditional payment: $11,050,000, payable in Q1 2027 if Wojcik meets post‑departure obligations (including restrictions on competitive activity) through early 2027.
• Incentives and equity: No short‑ or long‑term incentive pay for 2025 or 2026; all then‑outstanding unvested equity awards cancelled and terminated on the Departure Date.

Why It Matters
This is a material executive change at AMG: the company is replacing its President/COO role and committing up to $16.075M in cash tied to a separation agreement and post‑departure obligations. Investors should note the immediate cash charge timing (payments in 2026 and Q1 2027), the loss of future incentive and equity vesting for Wojcik, and that leadership responsibilities will be absorbed by existing senior management—factors that can affect near‑term operating continuity and compensation expense.