jmpllc20181203_8k.htm

 


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): December 3, 2018 

 


 

JMP Group LLC

(Exact Name of Registrant as Specified in Charter) 

 


 

Delaware

 

001-36802

 

47-1632931

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

 

600 Montgomery Street, Suite 1100, San Francisco, California 94111

(Address of Principal Executive Offices, including zip code)

 

415-835-8900

(Registrant’s Telephone Number, Including Area Code)

(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:

 

 

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

 

 

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

 

 

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

 

 

Pre-commencement communication 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 (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. ☐

 

 

 

 

Item 8.01. Other Events

 

On December 3, 2018, the Board of Directors of JMP Group LLC (the “Company”) approved the extension of the term of the Company’s share repurchase program through April 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 November 30, 2018, 444,310 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:

 

 

99.1

Press release of the Company dated December 4, 2018.

 

 

 

 

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.

 

 

JMP GROUP LLC 

 

 

 

 

 

 

 

 

 

Date: December 4, 2018

By:

/s/ Raymond Jackson

 

 

 

Raymond Jackson 

 

 

 

Chief Financial Officer 

 

 

 

                              

 

 

ex_131103.htm

Exhibit 99.1

 

 

 

 

JMP GROUP ANNOUNCES EXTENSION OF SHARE REPURCHASE PROGRAM

 

 

SAN FRANCISCO, Dec. 4, 2018 — 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 April 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 November 30, 2018, 444,310 of the company’s common shares remained to be repurchased. With the extension of the existing program, those shares are now eligible to be repurchased through April 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 and private capital, and credit management activities though Harvest Capital Strategies, JMP Asset Management and JMP Credit Advisors; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business development company, through HCAP Advisors. For more information, visit www.jmpg.com.

 

 

Investor Relations Contact   Media Relations Contacts  
JMP Group LLC    Dukas Linden Public Relations, Inc.  
     
Andrew Palmer   Zach Leibowitz  
(415) 835-8978 (646) 722-6528  
apalmer@jmpg.com   zach@dlpr.com  
     
  Alyssa Noud  
  (646) 722-6525  
  alyssa@dlpr.com