Spectrum Group International Inc. (OTCPK:SPGZ) ('SGI') announced the spin-off of A-Mark Precious Metals, Inc. on October 15, 2013. SGI will distribute all of the A-Mark common stock on a pro rata basis to holders of Spectrum Group International common stock. Spectrum Group shareholders will receive 1 share of A-Mark Precious for every 4 shares of Spectrum Group shares held.

Post transaction, A-Mark will thereafter be a publicly traded entity independent from Spectrum Group International. The spinoff is subject to a number of significant conditions. The distribution date is February 28, 2014 and trading to commence on March 3, 2014.

As of March 12, 2014, it was announced that the final distribution date with respect to the already announced spin off transaction will be March 14, 2014. Spectrum Group International Inc. (OTCPK:SPGZ) completed the spin-off of A-Mark Precious Metals, Inc. for $97.2 million on March 14, 2014. Jeffrey D. Benjamin resigned as a Director of Spectrum Group and was appointed as Director of A-Mark.