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8-K

Ares Management Corp (ARES)

8-K 2024-07-11 For: 2024-07-11
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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) July 11, 2024

ARES

MANAGEMENT CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 001-36429 80-0962035
(State or Other Jurisdiction<br><br> <br>of Incorporation) (Commission<br><br> <br>File Number) (IRS Employer<br><br> <br>Identification No.)
2000 Avenue of the Stars, 12th Floor, Los Angeles, CA<br> 90067
---
(Address<br> of principal executive office) (Zip Code)

(310

)

201-4100

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, 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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement<br> 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<br> of each class Trading<br> <br><br>Symbol(s) Name<br> of each exchange on which <br><br>registered
Class A common stock, par value $0.01 per share ARES 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 8.01 Other Events.

As previously disclosed, Ares Management Corporation (the “Company”), Ares Holdings L.P. and Ares Holdco LLC entered into an underwriting agreement (the “Underwriting Agreement”) dated June 12, 2024 with Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as the representatives of the underwriters (the “Underwriters”), pursuant to which the Company granted the Underwriters an option to purchase up to an additional 397,500 shares of its Class A common stock, par value $0.01 per share (the “Class A common stock”).

On July 11, 2024, the Company sold 397,500 shares of its Class A common stock to the Underwriters pursuant to the Underwriters’ exercise in full of such option to purchase additional shares. The Company raised approximately $52.92 million in net proceeds (after deducting underwriting discounts and commissions but before offering expenses) from the sale of these additional shares of its Class A common stock, which brought the total net proceeds of the offering to approximately $408.21 million (after deducting underwriting discounts and commissions but before offering expenses).

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.

ARES MANAGEMENT CORPORATION
Dated: July 11, 2024
By: /s/ Jarrod Phillips
Name: Jarrod Phillips
Title: Chief Financial Officer<br><br> <br>(Principal Financial & Accounting Officer)