Question · Q2 2026
Stephen Laszczyk from Citi asked about the potential for a minority interest sale and the anticipated impact of upcoming changes to the tax deductibility of compensation.
Answer
Jamaal Lesane, Chief Operating Officer, stated there was no news regarding a minority interest sale but affirmed confidence in the teams' value, noting recent market transactions confirm these are scarce, valuable assets. He did not rule out a future minority stake sale. Victoria Mink, EVP, Chief Financial Officer, and Treasurer, added that the company is assessing the impact of tax regulation changes, effective for the fiscal year ended June 30, 2028, but had nothing further to share at this time.
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