false 0001858681 0001858681 2024-12-09 2024-12-09 0001858681 us-gaap:CommonStockMember 2024-12-09 2024-12-09 0001858681 APO:Sec6.75SeriesMandatoryConvertiblePreferredStockMember 2024-12-09 2024-12-09 0001858681 APO:Sec7.625FixedrateResettableJuniorSubordinatedNotesDue2053Member 2024-12-09 2024-12-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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 9, 2024

Apollo Global Management, Inc.

(Exact name of registrant as specified in its charter)

 

 

Delaware   001-41197   86-3155788
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

9 West 57th Street, 42nd Floor

New York, New York 10019

(Address of principal executive offices) (Zip Code)

(212) 515-3200

(Registrant’s Telephone Number, Including Area Code)

N/A

(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):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ 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:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Common Stock   APO   New York Stock Exchange
6.75% Series A Mandatory Convertible Preferred Stock   APO.PRA   New York Stock Exchange
7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053   APOS   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company 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).

Emerging growth company ☐

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. ☐

 

 

 

   

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On December 9, 2024, the Compensation Committee of the Board of Directors of Apollo Global Management, Inc. (“AGM”) approved a grant of restricted stock units (“RSUs”) providing the right to receive shares of AGM common stock with a value of $10 million to Martin Kelly, AGM’s Chief Financial Officer. The RSUs, which will be granted on December 20, 2024, are in recognition of Mr. Kelly’s performance, and are intended to retain Mr. Kelly and more closely align his compensation level with our peer group. The RSU award will be considered when making annual compensation determinations for Mr. Kelly for the next three years, and is intended to provide $3.3 million per year over such period. The RSUs are subject to the satisfaction of an AGM performance fee income requirement and the underlying shares will not be delivered until 2028. If Mr. Kelly voluntarily resigns before December 31, 2027, delivery of the shares underlying the vested RSUs will be delayed for two years until 2030. No shares underlying the RSUs will be delivered if Mr. Kelly breaches certain applicable restrictive covenants (including non-competition and non-solicitation provisions) or if he is terminated for cause. Dividend equivalents will be paid with respect to the RSUs.

 

 

 

   

 

 

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: December 13, 2024

 

  APOLLO GLOBAL MANAGEMENT, INC.  
       
  By: /s/ Jessica L. Lomm  
  Name: Jessica L. Lomm  
  Title:   Vice President and Secretary  

 

 

 

 

   

 

 

 

v3.24.3
Cover
Dec. 09, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date Dec. 09, 2024
Entity File Number 001-41197
Entity Registrant Name Apollo Global Management, Inc.
Entity Central Index Key 0001858681
Entity Tax Identification Number 86-3155788
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 9 West 57th Street
Entity Address, Address Line Two 42nd Floor
Entity Address, City or Town New York
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10019
City Area Code 212
Local Phone Number 515-3200
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock [Member]  
Title of 12(b) Security Common Stock
Trading Symbol APO
Security Exchange Name NYSE
6.75% Series A Mandatory Convertible Preferred Stock [Member]  
Title of 12(b) Security 6.75% Series A Mandatory Convertible Preferred Stock
Trading Symbol APO.PRA
Security Exchange Name NYSE
7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 [Member]  
Title of 12(b) Security 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053
Trading Symbol APOS
Security Exchange Name NYSE
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