Ares Management Corp Files 8-K
Ticker: ARES-PB · Form: 8-K · Filed: Jul 11, 2024 · CIK: 1176948
| Field | Detail |
|---|---|
| Company | Ares Management Corp (ARES-PB) |
| Form Type | 8-K |
| Filed Date | Jul 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $52.92 million, $408.21 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 8-k
TL;DR
Ares Management filed an 8-K on 7/11/24 for 'Other Events' - no major news yet.
AI Summary
On July 11, 2024, Ares Management Corporation filed an 8-K report. The filing indicates "Other Events" as the primary item of disclosure. No specific financial transactions or material events are detailed in the provided excerpt, suggesting a routine or administrative filing.
Why It Matters
This filing signifies a formal disclosure by Ares Management Corp to the SEC, indicating that the company has reported an event or information deemed significant enough to warrant immediate public notification.
Risk Assessment
Risk Level: low — The provided excerpt is a standard SEC filing notification and does not contain specific details about material events, financial changes, or executive actions that would indicate a high-risk situation.
Key Players & Entities
- Ares Management Corp (company) — Registrant
- July 11, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 001-36429 (identifier) — Commission File Number
- 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067 (address) — Principal executive office
- 310-201-4100 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing by Ares Management Corporation?
The primary purpose of this 8-K filing is to report "Other Events" as of July 11, 2024, as required by the Securities Exchange Act of 1934.
When was this 8-K filing submitted by Ares Management Corporation?
This 8-K filing was submitted on July 11, 2024.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is Ares Management Corporation.
In which state was Ares Management Corporation incorporated?
Ares Management Corporation was incorporated in Delaware.
What is the principal executive office address for Ares Management Corporation?
The principal executive office address for Ares Management Corporation is 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-07-11 17:14:38
Key Financial Figures
- $0.01 — tered Class A common stock, par value $0.01 per share ARES New York Stock Exchang
- $52.92 million — hares. The Company raised approximately $52.92 million in net proceeds (after deducting underw
- $408.21 million — oceeds of the offering to approximately $408.21 million (after deducting underwriting discounts
Filing Documents
- tm2419261d1_8k.htm (8-K) — 25KB
- 0001104659-24-079260.txt ( ) — 194KB
- ares-20240711.xsd (EX-101.SCH) — 3KB
- ares-20240711_lab.xml (EX-101.LAB) — 33KB
- ares-20240711_pre.xml (EX-101.PRE) — 22KB
- tm2419261d1_8k_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. As previously disclosed, Ares Management Corporation (the "Company"), Ares Holdings L.P. and Ares Holdco LLC entered into an underwriting agreement (the "Underwriting Agreement") dated June 12, 2024 with Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as the representatives of the underwriters (the "Underwriters"), pursuant to which the Company granted the Underwriters an option to purchase up to an additional 397,500 shares of its Class A common stock, par value $0.01 per share (the "Class A common stock"). On July 11, 2024, the Company sold 397,500 shares of its Class A common stock to the Underwriters pursuant to the Underwriters' exercise in full of such option to purchase additional shares. The Company raised approximately $52.92 million in net proceeds (after deducting underwriting discounts and commissions but before offering expenses) from the sale of these additional shares of its Class A common stock, which brought the total net proceeds of the offering to approximately $408.21 million (after deducting underwriting discounts and commissions but before offering expenses).
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: July 11, 2024 By: /s/ Jarrod Phillips Name: Jarrod Phillips Title: Chief Financial Officer (Principal Financial & Accounting Officer)