Current Report Filing (8-k)
16 Dezember 2021 - 10:34PM
Edgar (US Regulatory)
False000152937700015293772021-12-162021-12-16
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_____________________________________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): December 16,
2021
ARES COMMERCIAL REAL ESTATE CORPORATION
(Exact Name of Registrant as Specified in Charter)
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Maryland |
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001-35517 |
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45-3148087 |
(State or Other Jurisdiction
of Incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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245 Park Avenue, |
42nd Floor, |
New York, |
NY |
10167 |
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(Address of Principal Executive Offices) |
(Zip Code) |
Registrant’s telephone number, including area
code (212) 750-7300
(Former Name or Former Address, if Changed Since Last
Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions
(see
General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
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Common Stock, $0.01 par value per share |
ACRE |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in as defined in Rule 405 of the Securities Act
of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act.
o
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On and effective as of December 16, 2021, the Board of Directors
(the “Board”) of Ares Commercial Real Estate Corporation (the
“Company”), increased the size of the Board from seven to eight
members and appointed Rebecca J. Parekh as an independent Class I
director to fill the vacancy created by such increase. The initial
term of Ms. Parekh, as a Class I director, will expire at the 2022
annual meeting of stockholders of the Company. The Board has
determined that Ms. Parekh is “independent” within the meaning of
the independence standards of the Securities and Exchange
Commission (the “SEC”) and the rules of the New York Stock
Exchange. As an independent director, Ms. Parekh will receive the
same compensation as provided to the Company’s other independent
directors, as described in detail in the Company’s other filings
with the SEC.
Ms. Parekh, 43, has been the Co-Founder and Chief Executive Officer
for The Well since 2016. From 2011 to 2016, Ms. Parekh served in
various executive positions within other health and wellness
organizations. Prior to transitioning to the health and wellness
sector, she was Head of the US Private Institutional Client Group
and Head of Cross Product Sales for Deutsche Bank. While at
Deutsche Bank for over ten years, Ms. Parekh served in various
other roles and focused primarily on structured credit. In
addition, she served on Deutsche Bank’s Steering Committee for its
Women’s Network. Ms. Parekh is currently an Advisor to the Tufts
Friedman School of Nutrition Entrepreneurship Program and sits on
the board of several social impact companies and non-profit
foundations. She received her bachelor’s degree from the University
of Michigan. Ms. Parekh’s significant experience in business
building, strategic thinking and cultural leadership, as well as
her experience in the banking and client services industries will
provide the Board with valuable knowledge, insight and
perspective.
There are no arrangements or understandings between Ms. Parekh and
any other person pursuant to which Ms. Parekh was selected as a
director of the Company. There are no related person transactions
(within the meaning of Item 404(a) of Regulation S-K promulgated by
the SEC) between Ms. Parekh and the Company.
Item 7.01 Regulation FD Disclosure.
On December 16, 2021, the Company issued a press release announcing
the appointment of Rebecca J. Parekh as an independent Class I
director of the Company. The text of the press release is attached
as Exhibit 99.1 to this Form 8-K.
The information disclosed under this Item 7.01, 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.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits:
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Exhibit Number |
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Description |
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Press release dated December 16, 2021 |
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104 |
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Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document |
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.
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ARES COMMERCIAL REAL ESTATE CORPORATION |
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Date: |
December 16, 2021 |
By: |
/s/ Anton Feingold |
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Name: |
Anton Feingold |
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Title: |
General Counsel, Vice President and Secretary |
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