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): April 11, 2019
The Blackstone Group L.P.
(Exact name of Registrant as specified in its charter)
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Delaware (State or other jurisdiction of incorporation) |
001-33551 (Commission File Number) |
20-8875684 (I.R.S. Employer Identification No.) |
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345 Park Avenue New York, New York (Address of principal executive offices) |
10154 (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 (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)) |
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 April 11, 2019, Kelly Ann Ayotte was appointed to the board of directors of Blackstone Group Management L.L.C., the general partner (the “General Partner”) of The Blackstone Group L.P. (the “Partnership”), and its Audit and Conflicts Committees, effective May 13, 2019.
Ms. Ayotte will receive an annual cash retainer of $150,000. In addition, Ms. Ayotte will receive, effective May 13, 2019, a grant of deferred restricted common units with a value of $210,000 under The Blackstone Group L.P. Amended and Restated 2017 Equity Incentive Plan. These deferred restricted common units will vest, and the underlying common units will be delivered, on the first anniversary of the date of grant, subject to Ms. Ayotte’s continued service on the board of the directors of the General Partner.
A copy of the press release announcing the appointment of Ms. Ayotte to the board of directors of the General Partner is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
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Exhibit
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Description |
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| 99.1 |
Press release of The Blackstone Group L.P. dated April 11, 2019. |
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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: April 12, 2019
| The Blackstone Group L.P. | ||
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By: Blackstone Group Management L.L.C., |
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| its General Partner | ||
| By: |
/s/ John G. Finley |
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Name: |
John G. Finley |
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Title: |
Chief Legal Officer |
Exhibit 99.1
Former Senator Kelly Ayotte to Join Blackstone’s Board of Directors
New York, April 11, 2019 – Blackstone (NYSE:BX) today announced that Former Senator Kelly Ayotte will join its board of directors effective May 13, 2019.
Ayotte represented New Hampshire in the U.S. Senate from 2011 to 2016, serving on the Senate Budget, Commerce, Homeland Security and Governmental Affairs, Armed Services, Small Business and Entrepreneurship, and Aging Committees. She chaired the Armed Services Subcommittee on Readiness and the Commerce Subcommittee on Aviation Operations.
Prior to her election in 2010, Ayotte served as New Hampshire’s first female Attorney General, holding the position under both Republican and Democratic governors. She previously served as Deputy Attorney General, Chief of the Homicide Prosecution Unit and as Legal Counsel to Governor Craig Benson in New Hampshire. Ayotte began her career as a law clerk to the New Hampshire Supreme Court and as an associate at the law firm McLane Middleton.
Commenting on the appointment, Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said: “During her career in public service, Kelly distinguished herself with a willingness to work cooperatively to solve complex challenges. This judgment, combined with her leadership experience in a number of policy areas relevant to Blackstone’s business, will add great value to the firm.”
Jon Gray, Blackstone President and COO, added: “Blackstone directors bring a unique perspective which improves the firm’s decision making. Beyond Kelly’s deep public policy experience, her reputation for independent thinking and integrity makes her a great asset to our board.”
Kelly Ayotte said: “Blackstone’s ability to navigate the complex and changing world to remain a perpetual industry leader is a testament to the vision and strength of its people. I look forward to contributing to the firm’s continued success, which benefits so many around the world.”
Ayotte currently serves of the boards of Caterpillar, News Corp, BAE Systems, Boston Properties, Blink Health and Bloom Energy. She also serves on the advisory boards of Microsoft, Chubb Insurance and Cirtronics, as well as a number of non-profit boards. She graduated with honors from Pennsylvania State University and earned a Juris Doctor degree from the Villanova University School of Law.
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 asset management businesses, with $472 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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.