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. 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%.
Oppenheimer Holdings Inc. director Teresa Glasser reported an equity compensation grant of 1,400 shares of Class A non-voting common stock. The transaction is coded as an “other acquisition or disposition” and carries a price of $0.00 per share, reflecting a restricted stock award.
According to the footnote, the 1,400-share award was granted under the Oppenheimer Holdings Inc. 2024 Incentive Plan. Following this grant, Glasser directly holds a total of 18,400 shares of Class A non-voting common stock.
Oppenheimer Holdings Inc. director Lawrence R. Roth reported an award of 1,400 shares of Class A non-voting common stock on February 26, 2026. The restricted stock was granted under the Oppenheimer Holdings Inc. 2024 Incentive Plan at no stated price, bringing his directly held shares to 18,400.
Oppenheimer Holdings Inc. Secretary Dennis P. McNamara sold shares of the company’s Class A non-voting common stock. On March 2, 2026, he completed an open-market sale of 4,673 shares at an average price of $90.67 per share, leaving him with 20,177 shares held directly after the transaction.
Oppenheimer Holdings Inc. will hold its virtual Annual Meeting of Stockholders on May 4, 2026 at 4:30 P.M. (New York time). Class B voting common stockholders of record as of March 6, 2026 may vote on: (1) election of nine directors; (2) ratification of Deloitte & Touche LLP as auditors for 2026; (3) advisory approval of executive compensation; (4) advisory vote on the frequency (1, 2 or 3 years) of future advisory executive compensation votes; and (5) approval of the Company’s Amended and Restated Certificate of Incorporation. The proxy statement notes that A.G. Lowenthal owns 97.5% of the Class B Stock and intends to vote in favor of Matters 1, 2, 3 and 5 and for a three-year frequency on Matter 4. The Company’s Annual Report on Form 10-K for the year ended December 31, 2025 is available on its website.
Oppenheimer Holdings director Suzanne Spaulding reported an award of 1,400 shares of Class A non-voting common stock on February 26, 2026. The shares were granted as a restricted stock award under the Oppenheimer Holdings Inc. 2024 Incentive Plan at a stated price of $0.00 per share. After this transaction, Spaulding directly holds 5,900 shares of Class A non-voting common stock.
Oppenheimer Holdings Inc. director Timothy Martin Dwyer received a restricted stock award of 1,400 shares of Class A non-voting common stock under the company’s 2024 Incentive Plan. The award was reported at a price of $0.00 per share and increased his directly held stake to 28,400 shares.
This Form 4 reflects equity compensation rather than an open-market purchase or sale, aligning the director’s interests more closely with the company’s long-term performance.
Oppenheimer Holdings Inc. director Evan Behrens reported an equity award of 1,400 shares of Class A non-voting common stock. The shares were granted as a restricted stock award under the Oppenheimer Holdings Inc. 2024 Incentive Plan at a stated price of $0.00 per share.
Following this grant, Behrens directly holds 7,025 shares of Class A non-voting common stock. Restricted stock awards typically vest over time and are used to align directors’ interests with those of shareholders by tying part of their compensation to the company’s equity.