v3.6.0.2

SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2016
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | 17. SUBSEQUENT EVENTS On December 13, 2016, the Board of Directors of Moelis & Company declared a special dividend of $1.25 per share in addition to a quarterly dividend of $0.37 per share declared on January 4, 2017. The $1.25 per share was paid on January 5, 2017 to Class A common stockholders of record on December 23, 2016 while the regular quarterly dividend of $0.37 will be paid on March 17, 2017 to shareholders of record as of March 3, 2017. On January 11, 2017, the Company completed an offering of 5,750,000 shares of Class A common stock in order to facilitate organized liquidity and increase the public float of its Class A common stock. The proceeds of the offering were used to repurchase the same number of shares of Class A common stock or partnership interests or other equity interests that are exchangeable or convertible into shares of Class A common stock from certain of the Company’s Managing Directors and former employees. In connection with the offering, the shares of Class A common stock outstanding of the Company increased by 5,356,876 shares. The remaining 393,124 shares of Class A common stock included in the offering were sold by current holders of Class A common stock, thus having no impact on the quantity of shares of Class A common stock outstanding. In addition, the Company purchased 5,356,876 shares of Class B common stock from Partner Holdings for cash of $101 and subsequently cancelled those shares. The Company did not retain any proceeds from the sale of its Class A common stock.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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