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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2017
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | 16. SUBSEQUENT EVENTS On July 24, 2017, the Board of Directors of Moelis & Company declared a quarterly dividend of $0.37 per share to be paid on August 17, 2017 to shareholders of record as of August 3, 2017. On July 28, 2017, the Company completed an offering of 6,000,000 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 5,680,903 shares. The remaining 319,097 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 5,680,903 shares of Class B common stock from Partner Holdings for cash of $128 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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