Ares Management Corp Files 8-K on Financials
Ticker: ARES-PB · Form: 8-K · Filed: May 2, 2024 · CIK: 1176948
| Field | Detail |
|---|---|
| Company | Ares Management Corp (ARES-PB) |
| Form Type | 8-K |
| Filed Date | May 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $0.93 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, 8-K
TL;DR
Ares Management Corp dropped an 8-K detailing financial results and operations.
AI Summary
Ares Management Corporation filed an 8-K on May 2, 2024, reporting on its results of operations and financial condition. The filing also includes Regulation FD disclosures and financial statements. The company is incorporated in Delaware and its principal executive office is located at 2000 Avenue of the Stars, Los Angeles, CA.
Why It Matters
This 8-K filing provides crucial updates on Ares Management Corporation's financial performance and operational results, which can impact investor decisions.
Risk Assessment
Risk Level: low — This filing is a standard 8-K reporting financial information and does not indicate any unusual or high-risk events.
Key Players & Entities
- Ares Management Corporation (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067 (address) — Principal executive office
- May 2, 2024 (date) — Date of report
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Ares Management Corporation's results of operations and financial condition, as well as to include Regulation FD disclosures and financial statements and exhibits.
When was this 8-K report filed?
This 8-K report was filed on May 2, 2024.
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.
In which state is Ares Management Corporation incorporated?
Ares Management Corporation is incorporated in Delaware.
What is the Commission File Number for Ares Management Corporation?
The Commission File Number for Ares Management Corporation is 001-36429.
Filing Stats: 690 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-05-01 21:54:41
Key Financial Figures
- $0.01 — stered Class A common stock, par value $0.01 per share ARES New York Stock Exchange
- $0.93 — declaration of a quarterly dividend of $0.93 per share of its Class A common stock,
Filing Documents
- ares-20240502.htm (8-K) — 37KB
- a2024q1-ex991.htm (EX-99.1) — 15KB
- a2024q1-ex992earningspre.htm (EX-99.2) — 157KB
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- areslogoa.jpg (GRAPHIC) — 44KB
- 0001628280-24-019722.txt ( ) — 12698KB
- ares-20240502.xsd (EX-101.SCH) — 2KB
- ares-20240502_def.xml (EX-101.DEF) — 16KB
- ares-20240502_lab.xml (EX-101.LAB) — 28KB
- ares-20240502_pre.xml (EX-101.PRE) — 16KB
- ares-20240502_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition . On May 2, 2024, the registrant issued a press release announcing its financial results for the first quarter ended March 31, 2024. The text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure . On May 2, 2024, the registrant issued a press release announcing the declaration of a quarterly dividend of $0.93 per share of its Class A common stock, payable on June 28, 2024 to its Class A common stockholders of record as of June 14, 2024. The registrant also issued a detailed earnings presentation announcing its financial results for the first quarter ended March 31, 2024. The text of the press release and earnings presentation is included as Exhibit 99.1 and Exhibit 99.2, respectively, to this Form 8-K. The information disclosed under this Item 7.01, including Exhibit 99.1 and 99.2 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press Release of Ares Management Corporation, dated May 2, 2024 99.2 Earnings Presentation of Ares Management Corporation, dated May 2, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document 2
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: May 2, 2024 By: /s/ Jarrod Phillips Name: Jarrod Phillips Title: Chief Financial Officer (Principal Financial & Accounting Officer) 3