COHEN & STEERS, INC. 8-K

What Happened
Cohen & Steers, Inc. announced the appointment of Amit Muni as Executive Vice President and Chief Financial Officer, effective June 8, 2026. Mr. Muni succeeds Michael Donohue, who served as Interim CFO beginning October 17, 2025. Mr. Muni joins from CI Financial Corp. (until May 2026) and previously served as CFO of WisdomTree (2008–2021).

Key Details

• Base salary: $450,000 per year.
• Guaranteed bonuses: $2,050,000 for each of calendar years 2026 and 2027, payable in January 2027 and January 2028 respectively; these guaranteed bonuses can be forfeited if Mr. Muni voluntarily leaves or is terminated for cause before payment.
• Severance/termination mechanics: if terminated without cause (or upon death/permanent disability) before a guaranteed bonus is paid, unpaid guaranteed bonus will be paid in a mix of cash and RSUs (for termination without cause) or cash and deferred cash (for death/disability). Beginning 2028, bonuses are discretionary and pro‑rated on death/permanent disability.
• Reimbursement clause: if Mr. Muni resigns without “good reason” or is terminated for cause before his first anniversary, he must repay a pro rata portion of the 2026 guaranteed bonus for months not worked.
• Make‑whole equity: to compensate for forfeited deferred/unvested awards from his former employer, Mr. Muni will receive RSUs valued at $860,000 on his start date, vesting in four equal annual installments, subject to continued employment and standard executive restrictions.
• No related-party transactions or family relationships requiring disclosure; compensation subject to the board’s compensation committee approval and company policies.

Why It Matters
A permanent CFO hire provides leadership continuity after an interim CFO and introduces a senior finance executive with extensive asset-management experience (CI Financial, WisdomTree). The financial terms (notably the $2.05M guaranteed bonuses for 2026–27 and the $860k RSU make‑whole) are material compensation items investors should note because they affect near‑term cash and equity dilution considerations and reflect the company’s priorities in attracting a senior finance leader. The agreement also contains customary forfeiture, repayment and vesting conditions that could affect realized compensation depending on tenure and termination circumstances.