SUBSEQUENT EVENTS

12 Months Ended

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.