Artisan Partners Asset Management (APAM) Proxy Filing summary

Executive summary

• Focus on generating and compounding long-term wealth for clients, supporting education, charitable causes, and improving lives.

• Business model emphasizes autonomy for investment teams, tailored environments, and economic alignment through performance-based compensation.

• Forward-looking statements highlight risks such as loss of key personnel, market volatility, and regulatory changes.

Executive compensation and say-on-pay

• Compensation program supports long-term value creation, aligns interests of stakeholders, and prioritizes investment professionals.

• Majority of executive pay is performance-based, with base salaries below peer median and unchanged since 2018.

• Annual process reviews strategic objectives, financial results, and shareholder feedback to determine performance-based compensation.

• Mix of cash and equity in compensation is tailored, with most equity awards going to investment teams; executives receive a higher cash component.

• CEO equity awards are structured for long-term vesting, incentivizing sustainable value creation and minimizing shareholder dilution.

• ISS and Glass Lewis supported the 2023 say-on-pay proposal.

Risk oversight and compliance

• Risks include market volatility, loss of key personnel, adverse economic conditions, and regulatory changes.

• Ongoing compliance and legal oversight are integrated into business operations.