8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) January 6, 2021

ASSOCIATED CAPITAL GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-37387	47-3965991
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

191 Mason Street, Greenwich, CT	06830
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code (203) 629-9595

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.001 per share	AC	New York Stock Exchange

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 4, 2021, Associated Capital Group, Inc. (“AC”) announced that Timothy H. Schott 51 has been named Executive Vice President – Finance & Chief Financial Officer of Associated Capital Group and in such role will serve as AC’s principal accounting officer.   Mr. Schott served a Principal Accounting Officer at Tiptree, Inc. from 2016 to 2020 where he was instrumental in the transformation of the company’s accounting, tax and internal controls.  From 2011 to 2016 Mr. Schott served as Director of Accounting Policy at Lazard Ltd. where he was responsible for the review of all of Lazard’s GAAP regulatory accounting filings.  From 2007 to 2011 Mr. Schott was a partner at Deloitte & Touche.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Associated Capital Group’s Press Release, dated January 4, 2021.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Associated Capital Group, Inc.

By: /s/ Kenneth D. Masiello

Kenneth D. Masiello

Chief Accounting Officer

Date: January 6, 2021

EX-99.1

Exhibit 99.1

191Mason StreetGreenwich, CT  06830 t: 203.629.9595 Associated-Capital-Group.com

For Immediate Release: Contact: Douglas R. Jamieson President & CEO (203) 629-2726 Associated-Capital-Group.com

Timothy H. Schott Named EVP – Finance & CFO

Greenwich, Connecticut, January 4, 2021 – Associated Capital Group (NYSE:AC) announced today that Timothy H. Schott has been named Executive Vice President – Finance & Chief Financial Officer of Associated Capital Group.  In this new position Mr. Schott will join as a member of the firm’s management committee and serve to head the Company’s finance group.

Mr. Schott was formerly a partner of Deloitte & Touche where he began his career, and brings three decades of experience in financial reporting, tax compliance, acquisitions and divestitures.   Mr. Schott said, “I am excited about the opportunity to contribute to Associated Capital’s future success.”

Mr. Schott, prior to joining Associated Capital Group, led Lazard’s accounting compliance group as the Director of Accounting Policy where he was responsible for the review of all Lazard Ltd.’s GAAP regulatory accounting filings.   More recently he was the Principal Accounting Officer at Tiptree Inc. where he was instrumental in the transformation of the company’s accounting, tax and internal controls, including the remediation of several material weaknesses.

“Tim’s joining will further strengthen our team.  His broad financial and accounting experience complements Associated Capital’s strategic direction.  We look forward to his contributions as we continue to execute on our growth plans for the company,” said Doug Jamieson, President of Associated Capital.

About Associated Capital Group, Inc.

Associated Capital Group, Inc. (NYSE:AC), based in Greenwich Connecticut, is a diversified financial services company that provides alternative investment management products and services to institutional and qualified individual clients globally.   The company is headquartered in Greenwich CT., with subsidiaries in London, Milan, and Zurich.

www.associated-capital-group.com

XML

Document and Entity Information	Jan. 06, 2021
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 06, 2021
Entity Registrant Name	ASSOCIATED CAPITAL GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-37387
Entity Tax Identification Number	47-3965991
Entity Address, Address Line One	191 Mason Street
Entity Address, City or Town	Greenwich
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06830
City Area Code	203
Local Phone Number	629-9595
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Central Index Key	0001642122
Title of 12(b) Security	Class A Common Stock, par value $0.001 per share
Trading Symbol	AC
Security Exchange Name	NYSE