Ares Management Reports Executive/Director Changes on Jan 31
Ticker: ARES-PB · Form: 8-K · Filed: Feb 2, 2024 · CIK: 1176948
| Field | Detail |
|---|---|
| Company | Ares Management Corp (ARES-PB) |
| Form Type | 8-K |
| Filed Date | Feb 2, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-change, compensation, governance
TL;DR
**Ares Management just reported executive changes, keep an eye on leadership shifts.**
AI Summary
Ares Management Corporation filed an 8-K on February 2, 2024, reporting an event that occurred on January 31, 2024. This filing indicates a change in the company's executive or director compensation arrangements, or a departure/election of officers, as per Item 5.02. While specific details of the changes are not provided in the excerpt, this matters to investors because changes in executive compensation or leadership can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership or compensation can influence investor confidence and the company's strategic direction, directly affecting its stock valuation.
Risk Assessment
Risk Level: medium — Without specific details of the changes, the risk is medium as it could be a routine change or a significant strategic shift.
Analyst Insight
Investors should look for the full 8-K filing or subsequent disclosures to understand the specific nature of the executive changes or compensation arrangements, as these details will determine the actual impact on the company.
Key Players & Entities
- Ares Management Corporation (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of the earliest event reported
- February 2, 2024 (date) — date the 8-K was filed
- Delaware (company) — state of incorporation for Ares Management Corporation
- 001-36429 (company) — Commission File Number for Ares Management Corporation
- ARES (company) — trading symbol for Class A common stock
- New York Stock Exchange (company) — exchange where Class A common stock is registered
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 31, 2024.
What is the full legal name of the company that filed this 8-K?
The exact name of the registrant as specified in its charter is ARES MANAGEMENT CORPORATION.
What is the trading symbol and the exchange where Ares Management Corporation's Class A common stock is registered?
Ares Management Corporation's Class A common stock trades under the symbol ARES on the New York Stock Exchange.
What specific item number under Form 8-K is referenced in this filing?
This filing references Item 5.02, which pertains to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
Where is Ares Management Corporation's principal executive office located?
Ares Management Corporation's principal executive office is located at 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.
Filing Stats: 904 words · 4 min read · ~3 pages · Grade level 15.5 · Accepted 2024-02-02 17:08:34
Key Financial Figures
- $0.01 — stered Class A common stock, par value $0.01 per share ARES New York Stock Exchange
Filing Documents
- ares-20240131.htm (8-K) — 33KB
- 0001628280-24-003092.txt ( ) — 161KB
- ares-20240131.xsd (EX-101.SCH) — 2KB
- ares-20240131_lab.xml (EX-101.LAB) — 25KB
- ares-20240131_pre.xml (EX-101.PRE) — 13KB
- ares-20240131_htm.xml (XML) — 3KB
SIGNATURES
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. ARES MANAGEMENT CORPORATION Dated: February 2, 2024 By: /s/ Jarrod Phillips Name: Jarrod Phillips Title: Chief Financial Officer (Principal Financial & Accounting Officer) 3