Dec. 11, 2003 — Eaton Vance Corp. (EV) said it has been informed that Landon T. Clay intends to sell all of his approximately 8.5 million shares of the company’s non-voting common stock for personal reasons.
Eaton Vance noted that Clay retired from the company in 1997. Since that time, he has not been a director, officer or employee of the firm. Clay also does not own any of the company’s voting common stock.
Clay’s shares represent about 12% of the company’s stock, based on approximately 70 million shares outstanding at the end of October.
Eaton Vance manages over $76 billion in assets, including the Eaton Vance family of mutual funds.