Subsequent Events |
6 Months Ended |
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Jun. 30, 2025 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events The Company has evaluated subsequent events for adjustment to or disclosure in its Condensed Consolidated Financial Statements through the date of this report, and has not identified any recordable or disclosable events, not otherwise reported in these Condensed Consolidated Financial Statements or the notes thereto, except for the following: On July 4, 2025, the One Big Beautiful Bill Act (“OBBB”), was signed into law. The OBBB, amongst other things, extends permanently, with modifications, certain tax provisions originally enacted as part of The Tax Cuts and Jobs Act (“TCJA”). The Company is currently evaluating the impact of the tax law provisions of OBBB. At this time, due to the complexity of the changes in the tax reform, an estimate of the financial impact cannot be reasonably determined but the company does not expect the changes to have a material impact on the Company’s Condensed Consolidated Financial Statements and related disclosures. On July 30, 2025, the Company’s Board of Directors declared a dividend of $0.24 per share of Class A Common Stock and Class B Common Stock and per participating Restricted Stock Unit and Restricted Stock Award that will be paid on September 15, 2025 to holders of record as of September 1, 2025. On July 30, 2025, the Company announced the appointment of Aaron Simons as Chief Executive Officer and his election to the Company’s Board of Directors, as of August 1, 2025. Mr. Simons succeeds Douglas A. Cifu, who will remain with the Company as a consultant until December 31, 2025.
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