RPC 8-K
Ridgepost Capital, Inc. (RPC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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:
Securities registered pursuant to Section 12(b) of the Act:
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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.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 22, 2024, the Board of Directors (the “Board”) of P10, Inc. (the “Company”), based on the recommendation of the Nominating and Corporate Governance Committee, increased the size of the Board from eight to nine directors and appointed Tracey Benford to fill the new vacancy as a Class II director, with a term expiring at the Company’s 2026 annual meeting of stockholders. The Board has appointed Ms. Benford to the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee.
Ms. Benford, age 55, is a retired partner and advisory director of Goldman Sachs & Co., where she was a partner since 2010 and spent over 25 years of her career. Ms. Benford has held senior leadership positions at Goldman Sachs including as head of the Global Markets Division in the Midwest, Canada and the Southern Region, and served on the Global Executive Committee for Global Markets and the Partnership committee. She currently serves on the boards of several non-profit organizations including United States Olympic and Paralympic Foudnation (USOPF), the Lincoln Park Zoo, Team Impact, Positive Coaching Alliance and Uniting Voices of Chicago and sits on the advisory council of the Stanford Graduate School of Business. Ms. Benford holds an MBA from the Stanford University Graduate School of Business and a BA, with honors, in Mathematical Methods and Economics from Northwestern University.
The Board has affirmatively determined that Ms. Benford qualifies as an independent director under the rules of the New York Stock Exchange, the Securities and Exchange Commission and the Company’s Corporate Governance Guidelines.
There have been no transactions, and no transactions are currently proposed, in which the Company was or is to be a participant and in which Ms. Benford or any member of her immediate family had or will have any interest, that are required to be disclosed by Item 404(a) of Regulation S-K. In addition, there are no arrangements or understandings between Ms. Benford and any other persons pursuant to which Ms. Benford was selected as a director.
Ms. Benford will be compensated in accordance with the Company’s standard compensation policies and practices for non-employee directors, and the Company will enter into its standard form of indemnification agreement with Ms. Benford.
Item 7.01 Regulation FD Disclosure.
On April 22, 2024, the Company issued a press release regarding the appointment of Ms. Benford to the Board of Directors of the Company, which is furnished herewith as Exhibit 99.1.
The information included under this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit no. |
Description |
104 |
Cover Page Interactive Data File (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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P10, Inc. |
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April 22, 2024 |
By: |
/s/ Amanda Coussens |
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Amanda Coussens |
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P10 Announces Appointment of Tracey Benford to Board of Directors
DALLAS, April 22, 2024 (GLOBE NEWSWIRE) - P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced the appointment of Tracey Benford to its Board of Directors as an independent Class II director, effective April 22, 2024. Ms. Benford will serve on the Company’s Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
“On behalf of the entire board, we are thrilled to welcome financial services industry veteran Tracey Benford to the P10 team,” said Luke Sarsfield, P10 Chief Executive Officer. “Tracey’s leadership within the alternative asset management profession and deep sector expertise, as well as her extensive career at Goldman Sachs and intrinsic role in negotiating complex global transactions, will greatly benefit P10 as we embark on this next chapter of organic and inorganic growth.”
Ms. Benford is a successful organizational leader and seasoned executive with nearly 30 years of financial services experience. As a former Partner from Goldman Sachs, Ms. Benford oversaw the Global Markets Division for the Midwest, Southwest and Canada, while managing some of the firm’s largest alternative asset managers, pension funds and insurance companies. During her tenure at Goldman Sachs, she also served as a member of the Global Executive Committee for Global Markets and the Partnership Committee. Notably, Ms. Benford was selected to help launch One Goldman Sachs’ (OneGS) program focused on creating cross-divisional strategies to provide a more comprehensive and integrated approach to serving the global client franchise.
About P10
P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry. P10’s mission is to provide its investors differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. As of December 31, 2023, P10 has a global investor base of more than 3,600 investors across 50 states, 60 countries, and six continents, which includes some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions. Visit www.p10alts.com.
Ownership Limitations
P10’s Certificate of Incorporation contains certain provisions for the protection of tax benefits relating to P10’s net operating losses. Such provisions generally void transfers of shares that would result in the creation of a new 4.99% shareholder or result in an existing 4.99% shareholder acquiring additional shares of P10.
P10 Investor Contact:
[email protected]
P10 Media Contact:
Josh Clarkson
[email protected]