DigitalBridge Group Announces Board and Executive Changes

TL;DR

DBRG shakes up board & exec team, new CAO, CEO employment agreement updated.

AI Summary

DigitalBridge Group, Inc. announced on July 8, 2024, changes in its board of directors and executive compensation. Specifically, the company elected Marc Ganz as a new Class II director and appointed Steven Johnson as Chief Accounting Officer. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Thomas J. Barrack Jr., effective July 8, 2024.

Why It Matters

Changes in board composition and executive appointments can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in key leadership and board composition can introduce uncertainty regarding future strategy and execution.

Key Players & Entities

• DigitalBridge Group, Inc. (company) — Registrant
• Marc Ganz (person) — Elected Class II Director
• Steven Johnson (person) — Appointed Chief Accounting Officer
• Thomas J. Barrack Jr. (person) — Chief Executive Officer
• July 8, 2024 (date) — Effective date of changes

FAQ

Key Financial Figures

• $0.01 — Which Registered Class A Common Stock, $0.01 par value DBRG New York Stock Exchange

Filing Documents

• dbrg-20240708.htm (8-K) — 40KB
• 0001679688-24-000075.txt ( ) — 232KB
• dbrg-20240708.xsd (EX-101.SCH) — 3KB
• dbrg-20240708_def.xml (EX-101.DEF) — 19KB
• dbrg-20240708_lab.xml (EX-101.LAB) — 33KB
• dbrg-20240708_pre.xml (EX-101.PRE) — 19KB
• dbrg-20240708_htm.xml (XML) — 6KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Director On July 8, 2024, Jon Fosheim resigned as a member of the board of directors (the "Board") of DigitalBridge Group, Inc. (the "Company"), including as a member of its audit committee and compensation committee. Mr. Fosheim's decision was not a result of any disagreement with the Company on any matter relating to its operations, polices or practices. Appointment of Director Effective July 10, 2024, the Board appointed Ian Schapiro to serve as an independent member of the Board. Mr. Schapiro, 67, has served as a Senior Advisor to Oaktree Capital Management ("Oaktree") since April 2024. Prior thereto, he served as the portfolio manager and managing director in Oaktree's GFI Energy Group, which executes Oaktree's Power Opportunities investment strategy. He also previously served as co-portfolio manager of Oaktree's Infrastructure Investing strategy following Oaktree's acquisition of the Highstar Capital team in 2014. Prior to joining Oaktree in 2009, Mr. Schapiro co-founded GFI Energy Ventures, the predecessor to the GFI Energy Group, which became part of Oaktree in 2009. Mr. Schapiro has previously served on the boards of ArchKey Solutions, Cherokee International Corporation, Contract Land Staff, Elgar Holdings, Elgin National Industries, Footprint Power Salem Harbor Development, InfraSource (NYSE:IFS), Infrastructure & Energy Alternatives (NASDAQ: IEA), Integrated Pipeline Services, LPPI Holdings, NORESCO, Osmose Holdings, Remedial Construction Services (RECON), Signal Energy, Smart Systems, Solomon Corporation, Trace Technology, Trans-Elect, UtiliQuest, and Xantrex Technology. Prior to co-founding GFI Energy Ventures in 1995, Mr. Schapiro was a partner of utility consulting firm Venture Associates and of Arthur Andersen & Co. following that firm's acquisition of Venture Associate

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: July 11, 2024 DIGITALBRIDGE GROUP, INC. By: /s/ Thomas Mayrhofer Thomas Mayrhofer Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR