Current Report Filing (8-k)
28 Mai 2021 - 10:53PM
Edgar (US Regulatory)
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2021-05-28
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2021-05-28
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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)
May 28, 2021
ARES MANAGEMENT CORPORATION
(Exact name of registrant as specified in
its charter)
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Delaware
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001-36429
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80-0962035
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(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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2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067
(Address of principal executive office)(Zip Code)
(310) 201-4100
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:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which
registered
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Class A Common Stock, par value $0.01 per share
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ARES
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New York Stock Exchange
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7.00% Series A Preferred Stock, par value $0.01 per share
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ARES.PRA
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New York Stock Exchange
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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. ¨
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CommonStockMember
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Class A Common Stock
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Item 8.01 Other Events.
On May 28, 2021, Ares Management
Corporation (the “Company”) issued a notice of redemption with respect to all 12,400,000 outstanding shares of its 7.00% Series
A Preferred Stock (“Series A Preferred Stock”) (CUSIP No. 03990B 200). The shares of Series A Preferred Stock will
be redeemed on June 30, 2021 (the “Redemption Date”) at a redemption price of $25.00 per share (the “Redemption
Price”), and will not include any accrued dividends because the Redemption Date is also a dividend payment date. The Company will
pay the previously announced dividend of $0.4375 per share on the Series A Preferred Stock on June 30, 2021. Dividends on the shares of
Series A Preferred Stock will cease to accrue on the Redemption Date, such shares shall no longer be deemed outstanding and all rights
of the holders of such shares will terminate, except the right to receive payment of the Redemption Price and the previously announced
dividend. Because the shares of Series A Preferred Stock will be redeemed in full, trading of the shares of Series A Preferred Stock on
the New York Stock Exchange (NYSE: ARES.PRA) will cease after the Redemption Date.
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 MANAGEMENT CORPORATION
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Dated: May 28, 2021
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By:
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/s/ Naseem Sagati Aghili
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Name:
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Naseem Sagati Aghili
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Title:
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General Counsel and Secretary
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