8-K - BX - Equibles

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):September 15, 2020

The Blackstone Group Inc.

(Exact name of Registrant as specified in its charter)

Delaware	001-33551	20-8875684
(State or other jurisdiction of<br> <br>incorporation)	(Commission File Number)	(I.R.S. Employer<br> <br>Identification No.)
345 Park Avenue<br> <br>New York, New York	10154
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(Address of principal executive offices)	(Zip Code)

(212) 583-5000

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(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:

☐	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)
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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))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading<br>Symbol(s)	Name of each exchange on which registered
Class A Common Stock	BX	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.

(d)

On September 15, 2020, Reginald J. Brown was appointed to the board of directors (the “Board”) of The Blackstone Group Inc.

Mr. Brown will receive an annual cash retainer of $150,000. In addition, Mr. Brown will receive, effective September 15, 2020, a grant of deferred restricted common stock units with a value of $210,000 under The Blackstone Group Inc. Amended and Restated 2007 Equity Incentive Plan. These deferred restricted common stock units will vest, and the underlying shares of Class A common stock will be delivered, on the first anniversary of the date of grant, subject to Mr. Brown’s continued service on the Board.

A copy of the press release announcing the appointment of Mr. Brown to the Board is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01	Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press release of The Blackstone Group Inc. dated September 15, 2020.
104	The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURE

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.

Date: September 15, 2020

The Blackstone Group Inc.
By:	/s/ John G. Finley
Name: John G. Finley
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Title: Chief Legal Officer

EX-99.1

Exhibit 99.1

Reginald Brown to Join Blackstone’s Board of Directors

New York, September 15, 2020 – Blackstone (NYSE:BX) today announced that Reginald (“Reg”) J. Brown, Partner at the international law firm WilmerHale, will join its board of directors.

Brown serves as chair of WilmerHale’s Financial Institutions Group, among other roles at the firm. He regularly advises companies in the financial services industry on a range of issues at the intersection of government, law, media and public policy, and provides strategic counsel to individuals and companies across other sectors as well. From 2003 to 2005 Brown served as associate White House Counsel and special assistant to the President and also previously worked as Assistant to the CEO and Vice President for Corporate Strategy at Nationwide Mutual Insurance Company.

Commenting on the appointment, Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said: “Over his career in the private and public sector, Reg has helped counsel some of the world largest companies and prominent political leaders. His experience across a range of industries and unique perspective will be invaluable as we continue to grow our business.”

Reg Brown said: “Blackstone’s rapid growth is a testament to the strength of its people and the stellar reputation it has earned among its investors. I look forward to joining the firm’s board and contributing to its continued success.”

Brown holds a BA from Yale University and a JD from Harvard Law School. Brown is a member of the Boards of the Foundation for Excellence in Education, the Property and Environment Research Center, the American Council on Germany and Service Year Alliance.

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $564 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Contact

Jennifer Friedman

+1 (212) 583-5122

Jennifer.Friedman@blackstone.com