SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 26, 2007

WESTWOOD HOLDINGS GROUP, INC.
(Exact name of registrant as specified in charter)

Delaware	 	001-31234	 	75-2969997	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(IRS Employer
Identification No.)	
200 Crescent Court, Suite 1200
Dallas, Texas 75201
(Address of principal executive offices)
(214) 756-6900
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see  General Instruction A.2. below):
 
 	¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
 	¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
 	¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
 	¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

ITEM 5.02: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On July 26, 2007, Westwood Holdings Group, Inc.’s Board of Directors elected Robert D. McTeer to the Board of Directors to serve as a non-employee director until the 2008 annual meeting. As a non-employee director, Mr. McTeer will receive the compensation for non-employee directors disclosed in our definitive proxy statement filed with the Securities and Exchange Commission on March 13, 2007.
Mr. McTeer will also serve on Westwood Holdings Group, Inc.’s audit committee.
Mr. McTeer is a Distinguished Fellow at the National Center for Policy Analysis (NCPA), a nonpartisan, free-market think tank headquartered in Dallas, Texas. Prior to joining the NCPA, he was Chancellor of the Texas A&M University System from November 2004 through November 2006. Before that, he had a 36-year career with the Federal Reserve System, including 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee.
ITEM 9.01: Financial Statements and Exhibits
 
(d)	Exhibits: The following exhibit is furnished with this report:	

Exhibit Number	  	Description	
 	 	
99.1	  	Press Release dated July 26, 2007, entitled “Westwood Holdings Group, Inc. Names Robert D. McTeer to its Board of Directors”.	

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 27, 2007

WESTWOOD HOLDINGS GROUP, INC.	
 	 	
By:	 	/s/ William R. Hardcastle, Jr.	
 	 	William R. Hardcastle, Jr.,	
 	 	Chief Financial Officer	
EXHIBIT INDEX

Exhibit Number	  	Description	
 	 	
99.1	  	Press Release dated July 26, 2007, entitled “Westwood Holdings Group, Inc. Names Robert D. McTeer to its Board of Directors”.	

Exhibit 99.1
Westwood Holdings Group, Inc. Names Robert D. McTeer to its Board of Directors
Dallas, July 26, 2007 – Westwood Holdings Group, Inc. (NYSE: WHG), an institutional asset management firm, today announced the election of Robert D. McTeer to its Board of Directors.
McTeer is a Distinguished Fellow at the National Center for Policy Analysis (NCPA), a nonpartisan, free-market think tank headquartered in Dallas. Prior to joining the NCPA, he was Chancellor of the Texas A&M University System from November 2004 through November 2006. Before that, he had a 36-year career with the Federal Reserve System, including 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee. He currently serves on the Board of Directors of Guaranty Bank, headquartered in Austin, and Refocus Group, a medical device company in Dallas engaged in research and development of treatments for human vision disorders. He also serves on the Board of the University of Georgia’s Terry College of Business. He is past president of the Association of Private Enterprise Education, a national association of free enterprise scholars, and a former board member of the National Council on Economic Education. The Texas Cable News Network featured him as a Texas Legend in Business in 2004. In addition to his general Board duties, McTeer will also serve as a member of the Company’s audit committee.
Mark Freeman, Westwood Senior Vice President and Portfolio Manager, commented, “As a Fed policymaker, Bob McTeer earned a national reputation as an independent and innovative thinker. At Westwood, we take the same approach in managing our clients’ assets and we look forward to incorporating Bob’s wealth of knowledge and experience into our investment process.”
“We greatly admired Bob’s work during his 14 year tenure as President of the Dallas Fed,” said Brian O. Casey, President and Chief Executive Officer of Westwood. “Westwood is proud to be associated with someone so well-respected, both in the United States and in the international financial community.”
About Westwood
Westwood Holdings Group, Inc. manages investment assets and provides services for its clients through two subsidiaries, Westwood Management Corp. and Westwood Trust. Westwood Management Corp. is a registered investment advisor and provides investment advisory services to corporate pension funds, public retirement plans, endowments, foundations, the WHG Funds, a family of institutional mutual funds, other mutual funds and clients of Westwood Trust. Westwood Trust provides trust and custodial services and participation in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Holdings Group, Inc. trades on the New York Stock Exchange under the symbol "WHG." For more information, please visit Westwood's website at  www.westwoodgroup.com .
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(WHG-G)
CONTACT:
Westwood Holdings Group, Inc.
Bill Hardcastle
(214) 756-6900