KKR Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 1, 2018, Xavier Niel was appointed to the Board of Directors of KKR Management LLC, the general partner of KKR & Co. L.P.
Mr. Niel will receive KKR Management LLC’s customary cash compensation for its non-executive directors,which, as prorated, will be $62,500 for 2018. In addition, the Board of Directors authorized a grant of4,022restricted equity units of KKR & Co. L.P. under its 2010 Equity Incentive Plan to Mr. Niel. Mr. Niel also entered into KKR Management LLC’s and KKR & Co. L.P.’s customary indemnification agreement for non-executive directors.
| Item 7.01 |
Regulation FD Disclosure |
A copy of the press release announcing the appointment of Mr. Niel to the Board of Directors of KKR Management LLC is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
As provided in General Instruction B.2 of Form 8-K, the information in this Item 7.01 and the exhibit furnished hereunder shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 |
Financial Statements and Exhibits. |
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Exhibit No. |
Description |
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Press release of KKR & Co. L.P., dated March 2, 2018, announcing the appointment of Xavier Niel as director (This exhibit is furnished and not filed). |
KKR & Co. L.P. ExhibitEX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 KKR Appoints Xavier Niel as New Independent Director NEW YORK,…To view the full exhibit click here
About KKR & CO. L.P. (NYSE:KKR)
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties. It operates through four segments. Through its Private Markets segment, KKR manages and sponsors a group of private equity funds and co-investment vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Company operates and reports its combined credit and hedge funds businesses through the Public Markets segment. Its Capital Markets segment consists primarily of the Company’s global capital markets business. Through Principal Activities segment, the Company manages its firm’s assets and deploys capital.
