EVERCORE PARTNERS INC. (NYSE:EVR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On April 24, 2017, Curt Hessler and Francois de Saint Phalle, members of the Board of Directors (the “Board”) of Evercore Partners Inc. (the “Company”), each informed the Board of his decision not to stand for re-election and to retire from the Board at the Company’s 2017 annual meeting of stockholders.

(d) On April 24, 2017, the Board appointed Sir Simon M. Robertson as a director of the Board with a term expiring at the Company’s 2017 annual meeting of stockholders, and as a member of the Board’s Nominating and Corporate Governance Committee and Compensation Committee.

There is no agreement, arrangement or understanding with any person to which Sir Simon was selected as a director, and he is not a party to any transaction required to be disclosed to Item 404(a) of Regulation S-K.

In connection with his appointment, and to the Company’s compensation policy for non-management directors, Sir Simon will be granted a one-time award of restricted stock units (“RSUs”) with a value of $50,000, which generally vests on the second anniversary of the date of grant. In the case of such RSU grant, shares will be deliverable upon vesting and will be eligible for net settlement for withholding tax purposes. Sir Simon will also receive the standard non-management director compensation arrangement.

The size of the Board was increased from ten to eleven directors upon the appointment of Sir Simon, and will decrease to nine directors upon the retirements of Messrs. Hessler and de Saint Phalle on the date of the 2017 annual meeting of stockholders.

About EVERCORE PARTNERS INC. (NYSE:EVR)

Evercore Partners Inc. (Evercore) is an independent investment banking advisory firm. The Company operates through two business segments: Investment Banking and Investment Management. The Company’s Investment Banking segment includes the Company’s Advisory services, through which Evercore provides advice to clients on mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising multinational corporations and private equity firms on various transactions. The Company’s Investment Management segment focuses on Institutional Asset Management, through which Evercore manages financial assets for institutional investors and provides independent fiduciary services to corporate employee benefit plans; Wealth Management, through which the Company provides wealth management services for high-net-worth individuals, and Private Equity, through which Evercore manages private equity funds.

EVERCORE PARTNERS INC. (NYSE:EVR) Recent Trading Information

EVERCORE PARTNERS INC. (NYSE:EVR) closed its last trading session up +0.20 at 73.75 with 599,454 shares trading hands.