Apollo Global Management Files 8-K on Securities

TL;DR

APO filed an 8-K detailing their preferred stock and junior subordinated notes.

AI Summary

On December 9, 2024, Apollo Global Management, Inc. filed an 8-K report. The filing pertains to "Other Events" and includes details about their Series 6.75% Mandatory Convertible Preferred Stock and Series 7.625% Fixed-rate Resettable Junior Subordinated Notes due 2053. The company is incorporated in Delaware and its principal executive offices are located in New York.

Why It Matters

This filing provides crucial updates on Apollo Global Management's outstanding preferred stock and subordinated notes, which are key components of their capital structure.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of existing securities and does not indicate new or elevated risks.

Key Players & Entities

• Apollo Global Management, Inc. (company) — Registrant
• December 9, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• New York (location) — Principal executive offices
• Series 6.75% Mandatory Convertible Preferred Stock (security) — Mentioned in filing
• Series 7.625% Fixed-rate Resettable Junior Subordinated Notes due 2053 (security) — Mentioned in filing

FAQ

Filing Documents

• eh240566079_8k.htm (8-K) — 30KB
• 0000950142-24-002902.txt ( ) — 248KB
• apo-20241209.xsd (EX-101.SCH) — 4KB
• apo-20241209_def.xml (EX-101.DEF) — 26KB
• apo-20241209_lab.xml (EX-101.LAB) — 37KB
• apo-20241209_pre.xml (EX-101.PRE) — 25KB
• eh240566079_8k_htm.xml (XML) — 7KB

01. Other Events

Item 8.01. Other Events. Apollo Global Management, Inc. (the "Company") amended its insider trading policy to permit certain Apollo and Athene senior leaders (the "limited group") to enter into prepaid variable forward contracts or substantially similar transactions ("PVFCs") and pledge shares of the Company's common stock (the "Company shares") in connection therewith if certain conditions (the "conditions") are satisfied. The Company made this amendment on August 7, 2024 after determining it was in the best interests of the Company and its stockholders to provide the limited group an opportunity to enter into such transactions, subject to such conditions, so that, among other things, such person could access liquidity for a portion of the value in their Company shares in a way that may result in fewer Company shares being sold in the market as compared to a traditional sale and retaining their ability to vote the related Company shares during the term of the PVFCs, while retaining their alignment with Company stockholders on the appreciation of Company shares up to a specified share price cap (or without any such cap if the contract is settled in cash), each of which would not be possible in a traditional sale transaction. As further detailed in the Company's amended policy, PVFCs may only be entered into by a limited group member if the PVFCs cover at least 50,000 Company shares in the aggregate, and represent no more than 10% of the Company shares beneficially owned by such person (determined on an aggregate basis and including any vested equity awards). In addition, each limited group member who enters into a PVFC must also enter into a lockup agreement pursuant to which such person agrees not to sell, pledge, dispose or otherwise transfer any Company shares outside of the PVFCs for a period of one year, subject to customary exceptions (the "lock-up agreement"). On December 9, 2024, Mr. Marc Rowan, Chief Executive Officer of the Company, made filings with t

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 9, 2024 APOLLO GLOBAL MANAGEMENT, INC. By: /s/ Jessica L. Lomm Jessica L. Lomm Vice President and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR