Current Report Filing (8-k)
22 November 2022 - 01:06PM
Edgar (US Regulatory)
0000825313false00008253132022-11-222022-11-22
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): November 22,
2022
ALLIANCEBERNSTEIN HOLDING L.P.
(Exact name of registrant as specified in its charter)
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Delaware |
001-09818 |
13-3434400 |
(State or other jurisdiction of
incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
501 Commerce Street, Nashville, TN 37023
(Address of principal executive offices)
(Zip Code)
(615) 622-0000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligations of the registrant
under any of the following provisions:
☐
Written communications 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 communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
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:
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Title of Each Class |
Trading Symbol |
Name of Each Exchange on which Registered |
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Units rep. assignments of beneficial ownership of limited
partnership interests in AB Holding |
AB |
NYSE |
Item 8.01. Other
Events.
On November 22, 2022, AllianceBernstein Holding L.P. (NYSE: AB),
AllianceBernstein L.P., a leading global investment management and
research firm, and Société Générale (EURONEXT: SCGLY, “SocGen”), a
leading European bank, announced plans to form a joint venture
combining their respective cash equities and research businesses
(the “Transaction”).
The closing is expected to occur before the end of 2023. The
Transaction is subject to customary closing conditions, and to
workers council consultation in several countries.
AllianceBernstein and SocGen will work closely together to ensure a
smooth transition for their staff, clients and
partners.
As AllianceBernstein will own less than 50% of the joint venture,
AllianceBernstein anticipates deconsolidating Bernstein Research
Services from its financial statements following the close of the
Transaction. The deconsolidation is expected to have a modestly
positive impact on AllianceBernstein’s operating margins. The
planned joint venture is not expected to have an impact on
AllianceBernstein’s asset management business or Bernstein Private
Wealth Management’s business.
Item 9.01. Financial
Statements and Exhibits.
(d) Exhibits.
104 Cover Page Interactive Data File
(embedded within the Inline XBRL document).
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 thereunto duly
authorized.
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ALLIANCEBERNSTEIN HOLDING L.P.
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Dated: November 22, 2022 |
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By: |
/s/ David M. Lesser |
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David M. Lesser
Corporate Secretary |
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