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Subsequent Event
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9 Months Ended | ||||
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Mar. 31, 2015
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| Subsequent Event |
Investments
On April 1, 2015, per an agreement with a nonpublic company, who is also a customer of A-Mark, the Company purchased another 4% of the outstanding common stock of this nonpublic company for $0.9 million. This transaction represents the closing of the second of two tranches. The closing of the first tranche, for 5% of this entity's issued and outstanding common stock, at a purchase price equal to $1.1 million, took place on September 19, 2014. In aggregate, A-Mark owns 9% of this entity's issued and outstanding common stock, on a fully diluted basis, and paid an aggregate purchase price of $2.0 million (see Note 2.)
Dividend Declaration
On May 1, 2015, the Board of Directors of the Company declared a quarterly cash dividend of $0.05 per common share to stockholders of record at the close of business on May 14, 2015, which is scheduled to be paid on May 25, 2015.
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- Details
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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