Artisan Partners Asset Management Inc. · NYSE:APAM
Artisan Partners Asset Management — Shareholder Meeting (May 2023)
22 slides from Artisan Partners Asset Management's shareholder meeting presentation, May 17, 2023
Slide 1: 2023 Annual Meeting Investor Outreach
2023 ANNUAL MEETING INVESTOR OUTREACH MAY 17, 2023
Slide 2: 2023 Annual Shareholder Meeting Agenda
2023 ANNUAL SHAREHOLDER MEETING AGENDA 2 WHO WE ARE 6 EQUITY COMPENSATION PLANS 8 EXECUTIVE COMPENSATION (SAY-ON-PAY) 12 APPENDIX – EXECUTIVE COMPENSATION PROCESS 20 NOTES AND DISCLOSURES artisan partners asset management 1
Slide 3: Who We Are — Our Purpose
WHO WE ARE — Our Purpose Our Purpose: To generate and compound wealth over the long term for our clients—helping to achieve retirement outcomes, pay for education, fund charitable causes and improve people’s lives. To achieve our purpose, we must continue to thoughtfully grow the business over t
Slide 4: Who We Are — Our Approach
WHO WE ARE — Our Approach Since its founding, Artisan has built its business based upon a consistent philosophy and business model. artisan partners asset management 3
Slide 5: Who We Are — Our Talent-Driven Business Model
WHO WE ARE — Our Talent-Driven Business Model Key Elements: Autonomy - Each investment team has complete autonomy over its investment process and decision-making. Tailored Environment, Support & Development The environment in which each team operates is unique and individually tailored. Each
Slide 6: Equity Compensation Plans
EQUITY COMPENSATION PLANS
Slide 7: Equity Compensation Plans
EQUITY COMPENSATION PLANS We are asking shareholders to approve the 2023 Omnibus Incentive Compensation Plan and the 2023 Non-Employee Director Plan. Awards will be made to employees, including executive officers and investment professionals, under the 2023 Omnibus Incentive Compensation Plan (“
Slide 8: Executive Compensation (Say-on-Pay)
EXECUTIVE COMPENSATION (SAY-ON-PAY)
Slide 9: Executive Compensation Program — Incremental Changes
EXECUTIVE COMPENSATION PROGRAM — Incremental Changes Our approach to executive compensation has, over the course of the firm’s history, successfully supported the long-term growth of the business. Changes to our executive compensation program must be thoughtfully developed and carefully implemen
Slide 10: Executive Compensation Program — Incremental Changes
EXECUTIVE COMPENSATION PROGRAM — Incremental Changes In response to shareholder feedback received during 2022, we enhanced our executive compensation program as follows. Disclosed information regarding 2022 key priorities, together with 2022 key accomplishments, to provide additional transparenc
Slide 11: Say-on-Pay Proposal
EXECUTIVE COMPENSATION — Say-on-Pay Proposal We believe the key principles underlying our executive compensation program ensure focus on our single purpose as a firm—to generate and compound wealth over the long term for clients. Our differentiated approach: Supports long-term value creation a
Slide 12: Appendix—Executive Compensation Process
APPENDIX—EXECUTIVE COMPENSATION PROCESS artisan partners asset management 11
Slide 13: Pay for Performance Philosophy
EXECUTIVE COMPENSATION — Pay for Performance Philosophy Executive compensation should be tied to the firm’s purpose and the drivers of its long-term success. Executive compensation should be structured over long time horizons and based on long-term value creation. The vast majority of total co
Slide 14: Process for Determining Performance-Based Compensation
EXECUTIVE COMPENSATION — Process for Determining Performance-Based Compensation Process Overview The key principles that underlie our executive compensation program are embedded within the Compensation Committee’s comprehensive process for determining the amount and type of performance-based compe
Slide 15: Key Principle 1: Strategic Objectives and Key Priorities
EXECUTIVE COMPENSATION — Process for Determining Performance-Based Compensation Key Principle 1: The amount of performance-based compensation should initially be considered based on the accomplishment of strategic objectives and key priorities. The Committee reviews strategic objectives and sets k
Slide 16: Key Principle 2: Adjust for Financial and Operating Results
EXECUTIVE COMPENSATION — Process for Determining Performance-Based Compensation Key Principle 2: The amount of performance-based compensation should be adjusted to reflect the firm’s financial and operating results. Virtually 100% of our revenue consists of investment advisory fees paid based on t
Slide 17: Key Principle 2 (cont'd): Key Measures and Time Horizons
EXECUTIVE COMPENSATION — Process for Determining Performance-Based Compensation Key Principle 2 (cont’d): The amount of performance-based compensation should be adjusted to reflect the firm’s financial and operating results. The Compensation Committee assesses the firm’s financial and operating re
Slide 18: Key Principle 3: Cash/Equity Mix
EXECUTIVE COMPENSATION — Process for Determining Performance-Based Compensation Key Principle 3: Determine cash/equity mix of performance-based compensation given existing alignment of interests. The vast majority of long-term incentive awards are made to the firm’s most critical employees—investm
Slide 19: Key Principle 4: Stay True to Who We Are
EXECUTIVE COMPENSATION — Process for Determining Performance-Based Compensation Key Principle 4: Ensure executive compensation stays true to our philosophy and continues to reflect Who We Are as a firm. We utilize a tailored approach to executive compensation that remains true to our long-term ori
Slide 20: Notes and Disclosures
NOTES AND DISCLOSURES artisan partners asset management 19
Slide 21: Notes and Disclosures — Forward-Looking Statements
NOTES AND DISCLOSURES Forward-Looking Statements Certain statements in this release, and other written or oral statements made by or on behalf of the Company, are “forward-looking statements” within the meaning of the federal securities laws. Statements regarding future events and our future perform
Slide 22: Notes and Disclosures
NOTES AND DISCLOSURES Net gain (loss) on the tax receivable agreements represents the income (expense) associated with the change in estimate of amounts payable under the tax receivable agreements entered into in connection with APAM’s initial public offering and related reorganization. Compensation
Artisan Partners Asset Management — Shareholder Meeting (May 2023) on 6ix