UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
April 18
, 2019
JMP Group LLC
(Exact Name of Registrant as Specified in Charter)
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Delaware
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001-36802
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47-1632931
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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600 Montgomery Street, Suite 1100, San Francisco, California 94111
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(Address of Principal Executive Offices, including zip code)
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415-835-8900
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(Registrant’s Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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:
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Written communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
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Item 8.01. Other Events
On April 18, 2019, the Board of Directors of JMP Group LLC (the “Company”) approved the extension of the term of the Company’s share repurchase program through June 30, 2019. The current repurchase program was initially authorized on December 13, 2017, and allowed for the repurchase of up to one million of the Company’s outstanding common shares during 2018. As of the close of the market on April 18, 2019, 132,395 of the Company’s common shares remained to be repurchased. Under the repurchase program, the Company may purchase its common shares from time to time in the open market or through privately negotiated transactions. The timing, volume and nature of any common share repurchases will be at the sole discretion of management, will be dependent on market conditions, applicable securities laws and other factors, and may be suspended or discontinued at any time.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are furnished as part of this Current Report on Form 8-K:
Signature(s)
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.
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JMP Group LLC
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Date: April 22, 2019
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By:
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/s/
Raymond Jackson
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Raymond Jackson
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Chief Financial Officer
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Exhibit 99.1
JMP GROUP
ANNOUNCES
EXTENSION OF
SHARE REPURCHASE
PROGRAM
SAN FRANCISCO,
Apr
.
22
, 201
9
— JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that its board of directors has extended the term of the company’s share repurchase program through June 30, 2019.
The current repurchase program was initially authorized on December 13, 2017, and allowed for the repurchase of up to one million of JMP Group’s outstanding common shares during 2018. On December 3, 2018, the company’s board of directors extended the repurchase program through April 30, 2019. As of the close of the market on April 18, 2019, 132,395 of the company’s common shares remained to be repurchased. With the further extension of the existing program, those shares are now eligible to be repurchased through June 30, 2019.
Under the company’s repurchase program, JMP Group may purchase its common shares from time to time in the open market or through privately negotiated transactions. The timing, volume and nature of any common share repurchases will be at the sole discretion of management, will be dependent on market conditions, applicable securities laws and other factors, and may be suspended or discontinued at any time.
About JMP Group
JMP Group LLC is a diversified capital markets firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group conducts its investment banking and research, sales and trading activities through JMP Securities; its hedge fund, venture capital and private capital activities through Harvest Capital Strategies and JMP Asset Management; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business development company, through HCAP Advisors. For more information, visit www.jmpg.com.
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Investor Relations Contact
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Media Relations Contacts
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JMP Group LLC
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Dukas Linden Public Relations, Inc.
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Andrew Palmer
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Zach Leibowitz
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(415) 835-8978
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(646) 722-6528
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apalmer@jmpg.com
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zach@dlpr.com
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Alyssa Noud
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(646) 722-6525
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alyssa@dlpr.com
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