Oppenheimer Holdings Inc. filings document operating results, Regulation FD investor updates, governance matters, and capital-structure disclosures for a financial services holding company with Class A non-voting and Class B voting common stock. Form 8-K reports furnish earnings releases, investor presentations, special dividend actions, and other material events tied to the firm’s wealth management, brokerage, investment banking, and capital markets activities.
Proxy filings describe annual meeting matters, director elections, auditor ratification, advisory executive-compensation votes, charter-related proposals, and voting mechanics for Class B holders. The filing record also captures formal disclosure around common-stock rights, board oversight, executive compensation, and reported financial or legal items included in earnings materials.
Oppenheimer Holdings Inc. director and chairman Albert G. Lowenthal received an award of 40,000 shares of Restricted Class A non-voting common stock. The award was granted on February 6, 2026 and vests on the earlier of February 5, 2031, a change of control, or his death. Following this compensation grant, his direct holdings in this class of stock total 267,500 shares, and there was no open-market buying or selling involved.
OPPENHEIMER HOLDINGS INC CEO Robert S. Lowenthal reported two equity compensation awards of restricted Class A non-voting common stock. On February 6, 2026, he was awarded 100,000 restricted shares vesting on the earlier of February 5, 2031, change of control, or death. On May 8, 2026, he received another 100,000 restricted shares vesting on the earlier of December 31, 2030, change of control, or death. Both awards were recorded at a price of $0.00 per share as part of his compensation, not open-market purchases or sales. Following the latest award, his direct holdings of this restricted Class A non-voting common stock increased to 305,000 shares.
OPPENHEIMER HOLDINGS INC CFO Brad M. Watkins received an award of 2,000 shares of Restricted Class A non-voting common stock on 2/6/2026. According to the award terms, these shares vest on 2/5/2031 if he remains continuously employed by the company. After this award, his reported holdings in this class total 20,000 shares.
Oppenheimer Holdings secretary Dennis P. McNamara received an award of 2,000 shares of Restricted Class A non-voting common stock on February 6, 2026. According to the filing footnote, these shares vest on February 5, 2031, if he remains continuously employed by the company. Following this compensation-related award, McNamara holds 11,500 shares of this Class A non-voting common stock directly.
Oppenheimer Holdings Inc. reported that Class B stockholders approved all five proposals at the 2026 annual meeting, including electing nine directors, ratifying Deloitte & Touche LLP as auditor, endorsing executive pay, selecting a three‑year say‑on‑pay frequency, and adopting an amended and restated certificate of incorporation.
The company highlighted record 2025 results, with revenue of $1.64 billion, net income of $148.4 million and basic EPS of $14.13, driven by strong wealth management and investment banking performance. For Q1 2026, revenue rose to $445.1 million but Oppenheimer recorded a net loss of $20.6 million and basic EPS of $(1.93), largely reflecting a $70 million accrual for settlement of “cash sweep” class action litigation and a $22.3 million stock appreciation rights expense. On an adjusted non‑GAAP basis, Q1 2026 diluted EPS was $4.21, and the board increased the quarterly dividend to $0.20 per share.
Oppenheimer Holdings Inc. posted a first quarter 2026 investor presentation showing strong revenue growth but a net loss driven by one-time items. Revenue for 1Q-26 was $445.1 million, up 21.0% from 1Q-25, led by a 105.2% jump in investment banking fees, higher commissions and advisory fees.
The company reported a net loss of $20.6 million and basic and diluted GAAP loss per share of $(1.93), compared with earnings per share of $2.93 and $2.72 a year earlier. Results include a $70.0 million pre-tax accrual for settlement of the “cash sweep” class action litigation and a $22.3 million pre-tax expense from liability-based stock appreciation rights.
Excluding these items, adjusted basic earnings per share were $4.46 and adjusted diluted earnings per share were $4.21. As of March 31, 2026, client assets under administration were $139.8 billion and assets under management were $54.1 billion. The board increased the quarterly dividend for 1Q-26 by 11.1% to $0.20 per share.
Oppenheimer Holdings Inc. reported a first quarter 2026 net loss of $20.6 million, or $(1.93) per share, compared with net income of $30.7 million, or $2.93 per share, in the first quarter of 2025. Revenue rose to $445.1 million, up 21.0% from $367.8 million.
The loss was driven by a $70 million pre-tax legal accrual for settlement of the “cash sweep” program litigation and $22.3 million of pre-tax expense for liability-based stock appreciation rights tied to a rise in the share price from $72.29 to $89.19. Excluding these items, adjusted net income was $47.5 million with adjusted basic EPS of $4.46, up from $28.6 million and $2.74 a year earlier. Wealth Management revenue grew 4.8% to $253.7 million but pre-tax income fell 35.8% to $43.6 million, while Capital Markets revenue jumped 53.4% to $189.1 million with pre-tax income of $35.4 million versus a prior-year loss. The Board increased the quarterly dividend by 11.1% to $0.20 per share.
Oppenheimer Holdings Inc. reported a net loss for the three months ended March 31, 2026 after recording a large legal settlement accrual, despite strong revenue growth. Total revenue rose to $445.1 million from $367.8 million, driven by higher commissions, advisory fees and investment banking activity.
The Company posted a pre-tax loss of $27.0 million and a net loss attributable to Oppenheimer of $20.6 million, compared with net income of $30.7 million a year earlier. Results include an accrual of $70.0 million related to settlement of “cash sweep” program litigation. Basic and diluted loss per share were $(1.93), versus earnings per diluted share of $2.72 in the prior-year quarter.
Wealth Management revenue reached $253.7 million and Capital Markets revenue $189.1 million, both higher year over year, but compensation and other expenses increased sharply, including higher share-based compensation and legal costs. Operating cash flow was an outflow of $190.0 million, while the Company increased bank call loans to $287.9 million and maintained total assets of $3.82 billion. Regulatory capital ratios at key subsidiaries remained well above minimum requirements.
Oppenheimer Holdings Inc. announced that its main subsidiary has signed a binding Settlement Term Sheet to resolve a class-action "cash sweep" lawsuit for $70 million, subject to District Court approval. The payment would go into escrow ten business days after preliminary approval.
The case involves alleged issues with cash sweep programs from 2022 through final court approval and is one of about 25 similar cases against financial institutions. Plaintiffs had indicated they would seek damages in excess of $440 million, so the settlement substantially limits potential exposure.
The company will record a reserve for the full settlement in its first fiscal quarter of 2026, significantly affecting reported earnings for that period, even though the agreement was reached after quarter-end. Oppenheimer expects the settlement amount to be fully tax deductible and says the deal includes no admission of liability or wrongdoing.
Oppenheimer Holdings Inc. is asking Class B voting stockholders to approve several items at its virtual Annual Meeting on May 4, 2026. Proposals include electing nine directors, ratifying Deloitte & Touche LLP as 2026 auditors, an advisory vote on executive pay, an advisory vote on how often that say‑on‑pay vote should occur, and approval of an Amended and Restated Certificate of Incorporation.
Only Class B voting common stockholders of record on March 6, 2026 may vote; Class A non‑voting holders may listen, view and submit questions but cannot vote. Chairman A.G. Lowenthal owns 97.5% of the Class B stock and intends to vote in favor of all proposals, effectively determining the outcome. The Board highlights that seven of nine directors are independent, all key committees are fully independent, and director meeting attendance in 2025 was 100%.