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In a recent 8-K filing with the Securities and Exchange Commission, A-Mark Precious Metals, Inc. (NASDAQ:AMRK), a $562 million market cap precious metals company, announced significant changes in its executive team, including the upcoming departure of its Chief Financial Officer (CFO), Kathleen Simpson-Taylor, and the appointment of new officers. The company, headquartered in El Segundo, California, and operating in the wholesale jewelry and precious metals industry, disclosed these executive transitions as part of its corporate governance updates. According to InvestingPro data, A-Mark maintains strong financial health with liquid assets exceeding short-term obligations and a healthy current ratio of 1.58x.
Kathleen Simpson-Taylor will retire from her position as CFO, Executive Vice President, and Assistant Secretary, effective June 30, 2025. Her decision to retire is not due to any disagreements with the company’s operations or practices. Cary Dickson, who previously served as A-Mark’s CFO from 2015 to 2019, will rejoin the company, initially as Executive Vice President starting May 2, 2025, and then assuming the CFO role on July 1, 2025. Dickson brings extensive financial experience, having held executive roles at Mattel (NASDAQ:MAT), Inc., Fox Family Worldwide, Inc., The Walt Disney Company (NYSE:DIS), and PricewaterhouseCoopers.
A-Mark has entered into an employment agreement with Dickson, which includes a base salary of $450,000 per annum and discretionary bonuses. Additionally, Dickson will be granted restricted stock units (RSUs) worth $100,000, vesting after one year.
The company also announced new employment agreements with Thor Gjerdrum, its President, and Brian Aquilino, its Chief Operating Officer, both effective July 1, 2025. Gjerdrum’s agreement includes a base salary of $750,000 per annum with performance-based incentive opportunities, while Aquilino’s agreement includes a base salary starting at $375,000 for fiscal 2026 with incremental increases and incentive opportunities.
Gjerdrum was granted 39,927 RSUs, and Aquilino will be granted 20,000 stock options on April 16, 2025, both under A-Mark’s 2014 Stock Award and Incentive Plan. These agreements also outline benefits and provisions for termination scenarios.
The filing underscores A-Mark’s strategic approach to leadership and compensation as it navigates the competitive landscape of the precious metals market. While the stock has experienced a challenging period, declining 45% over the past six months, the company maintains profitability with earnings per share of $2.15 over the last twelve months. The information in this article is based on the company’s SEC filing and aims to provide shareholders and potential investors with essential updates on the company’s executive structure.For deeper insights into A-Mark’s financial health and future prospects, InvestingPro subscribers have access to 10+ additional ProTips and comprehensive analysis, including detailed valuation metrics and growth forecasts. The Pro Research Report available on InvestingPro provides an in-depth analysis of what really matters for informed investment decisions.
In other recent news, A-Mark Precious Metals has reported significant financial and strategic developments. The company achieved sales of $2.742 billion, exceeding DA Davidson’s projection of $1.790 billion, marking a 32% year-over-year revenue increase. Despite a 3% decline in gross profits to $44.8 million, the volume of gold and silver sold showed a positive trend, indicating a potential stabilization in profit trends. A-Mark has also completed several strategic acquisitions, including Spectrum Group International, which is expected to enhance its product offerings and market reach. The acquisition of AMS (VIE:AMS2) Holding and Pinehurst Coin Exchange further bolsters its position in the collectible coin market. DA Davidson maintained a Buy rating on A-Mark’s stock, though the price target was adjusted to $35.00 from $43.00. Additionally, Cary Dickson has been named the new CFO, effective July 1, 2025, following the retirement of Kathleen Simpson-Taylor. These developments reflect A-Mark’s ongoing efforts to expand its operations and improve financial performance amidst industry challenges.
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