KKR & Co. Inc. Announces Board and Executive Changes
Ticker: KKRS · Form: 8-K · Filed: Jul 22, 2024 · CIK: 1404912
| Field | Detail |
|---|---|
| Company | Kkr & Co. Inc. (KKRS) |
| Form Type | 8-K |
| Filed Date | Jul 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-appointments, governance
Related Tickers: KKR
TL;DR
KKR board shakeup: Nuttall out, Rubenstein & Erdoes in. Big leadership moves.
AI Summary
On July 22, 2024, KKR & Co. Inc. filed an 8-K report detailing the departure of director Scott C. Nuttall and the appointment of new directors, including David M. Rubenstein and Mary Callahan Erdoes. The filing also announced the election of new officers and changes to executive compensation arrangements.
Why It Matters
Significant changes in board composition and executive leadership can signal strategic shifts or governance updates within the company, 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 operational direction.
Key Players & Entities
- KKR & Co. Inc. (company) — Registrant
- Scott C. Nuttall (person) — Departing Director
- David M. Rubenstein (person) — Appointed Director
- Mary Callahan Erdoes (person) — Appointed Director
- July 22, 2024 (date) — Filing Date
FAQ
Who has departed from the KKR & Co. Inc. board of directors?
Scott C. Nuttall has departed from the board of directors of KKR & Co. Inc.
Who are the newly appointed directors at KKR & Co. Inc.?
David M. Rubenstein and Mary Callahan Erdoes have been appointed as new directors.
What other items are covered in this 8-K filing besides director changes?
The filing also covers the election of certain officers and changes to compensatory arrangements of certain officers.
When was this 8-K report filed?
This 8-K report was filed on July 22, 2024.
In which state was KKR & Co. Inc. incorporated?
KKR & Co. Inc. was incorporated in Delaware.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 8.9 · Accepted 2024-07-22 17:00:41
Filing Documents
- ef20032445_8k.htm (8-K) — 31KB
- 0001140361-24-033752.txt ( ) — 202KB
- kkr-20240722.xsd (EX-101.SCH) — 4KB
- kkr-20240722_def.xml (EX-101.DEF) — 17KB
- kkr-20240722_lab.xml (EX-101.LAB) — 26KB
- kkr-20240722_pre.xml (EX-101.PRE) — 19KB
- ef20032445_8k_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. On July 22, 2024, Henry R. Kravis, George R. Roberts, Joseph Y. Bae, Scott C. Nuttall, Adriane M. Brown, Matthew R. Cohler, Mary N. Dillon, Arturo Gutirrez Hernndez, Xavier B. Niel, Kimberly A. Ross, Patricia F. Russo, Robert W. Scully and Evan T. Spiegel were elected to the Board of Directors of KKR & Co. Inc. (the "Company") by KKR Management LLP (pursuant to Section 3.02 of the Company's Amended and Restated Bylaws) to serve as provided in the Company's Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws. Each director was serving as a director of the Company at the time of election. The Audit Committee consists of Messrs. Scully (Chair) and Cohler and Mses. Ross and Russo. The Risk Committee consists of Mr. Cohler (Chair) and Mses. Brown and Dillon. The Conflicts Committee consists of Messrs. Scully (Chair) and Gutirrez Hernndez and Mses. Dillon and Russo. The Nominating and Corporate Governance Committee consists of Messrs. Kravis (Co-Chair), Roberts (Co-Chair) and Scully. The Executive Committee consists of Messrs. Kravis and Roberts. Each non-employee director will continue to receive director compensation under the current director compensation program of the Company, described in Item 11 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Annual Report") . Each director has previously entered into the Company's indemnification agreement for directors, a form of which has previously been filed as Exhibit 10.15 to the Annual Report. Certain transactions between the Company and such directors required to be disclosed pursuant to Item 404(a) of Regulation S-K are described in Item 13 of the Annual Report.
07
Item 5.07 Submission of Matters to a Vote of Security Holders. The information set forth in Item 5.02 is incorporated by reference into this Item 5.07.
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. KKR & CO. INC. Date: July 22, 2024 By: /s/ Christopher Lee Name: Christopher Lee Title: Secretary