Apollo Global Management Files 8-K on Leadership Changes
Ticker: APOS · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1858681
| Field | Detail |
|---|---|
| Company | Apollo Global Management, INC. (APOS) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $100,000, $10 m, $200 million, $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, governance, executive-compensation
Related Tickers: APO
TL;DR
Apollo Global Management (APO) filed an 8-K on Jan 30, 2025, reporting board and executive changes. Watch for impact on strategy.
AI Summary
On January 30, 2025, Apollo Global Management, Inc. filed an 8-K report detailing changes in its board of directors and executive officers, as well as updates to compensatory arrangements. The filing indicates a shift in leadership and potential adjustments to executive compensation structures within the company.
Why It Matters
Changes in a company's board and executive team can signal strategic shifts or governance adjustments that may impact future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive leadership and board composition can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Apollo Global Management, Inc. (company) — Registrant
- January 30, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-41197 (commission_file_number) — SEC File Number
FAQ
What specific changes were made to the board of directors and executive officers?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but the specific names and details of these changes are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 30, 2025.
What is the state of incorporation for Apollo Global Management, Inc.?
Apollo Global Management, Inc. is incorporated in Delaware.
What is the SEC file number for Apollo Global Management, Inc.?
The SEC file number for Apollo Global Management, Inc. is 001-41197.
What is the primary SIC code for Apollo Global Management, Inc.?
The Standard Industrial Classification (SIC) code for Apollo Global Management, Inc. is 6282, which corresponds to Investment Advice.
Filing Stats: 1,228 words · 5 min read · ~4 pages · Grade level 11.9 · Accepted 2025-01-31 16:29:54
Key Financial Figures
- $100,000 — nue to receive an annual base salary of $100,000 per year and will be eligible to partic
- $10 m — e manage, with a target annual value of $10 million, subject to one-year vesting. Mr.
- $200 million — ised fund (the "Fund") and contributing $200 million. Mr. Rowan will make recommendations in
- $100 million — le initiatives, we previously committed $100 million to the Apollo Opportunity Foundation la
Filing Documents
- eh250585473_8k.htm (8-K) — 34KB
- 0000950142-25-000235.txt ( ) — 255KB
- apo-20250130.xsd (EX-101.SCH) — 4KB
- apo-20250130_def.xml (EX-101.DEF) — 26KB
- apo-20250130_lab.xml (EX-101.LAB) — 37KB
- apo-20250130_pre.xml (EX-101.PRE) — 25KB
- eh250585473_8k_htm.xml (XML) — 7KB
02. Departure of Directors or Certain Officers; Election of Directors;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. CEO Agreement - Compensation On January 30, 2025, the independent members of the board of directors (the "Board") of Apollo Global Management, Inc. ("AGM", "we" or "our"), upon the recommendation of the Compensation Committee of the Board, approved a new agreement for AGM's Chief Executive Officer, Mr. Marc Rowan. The new agreement governs Mr. Rowan's employment for the next five years. Under the new agreement, effective January 1, 2025, Mr. Rowan will continue to receive an annual base salary of $100,000 per year and will be eligible to participate in all of our benefit plans. In addition, Mr. Rowan will be granted, annually for the next five years, rights to receive an amount equal to a percentage of the performance fee income from funds that we manage, with a target annual value of $10 million, subject to one-year vesting. Mr. Rowan deferred the initial amount for three years to enhance alignment with Apollo. Mr. Rowan remains subject to customary restrictions regarding non-solicitation, non-interference, non-competition, confidentiality and non-disparagement. The above summary reflects the key compensatory terms and conditions of Mr. Rowan's agreement, but does not purport to be a complete description and is qualified in its entirety by the agreement, which will be filed as an exhibit to AGM's quarterly report on Form 10-Q for the quarter ended March 31, 2025. Enhancement of Apollo's Commitment to Philanthropy As part of our ongoing commitment to philanthropy, we are establishing a new donor-advised fund (the "Fund") and contributing $200 million. Mr. Rowan will make recommendations in partnership with AGM to donate through the Fund for the next five years. As part of our other charitable initiatives, we previously committed $100 million to the Apollo Opportunity Foundation launched in 2022. The Apo
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. APOLLO GLOBAL MANAGEMENT, INC. Date: January 31, 2025 By: /s/ Jessica L. Lomm Name: Jessica L. Lomm Title: Vice President and Secretary