Oaktree Capital Group, LLC (NYSE:OAK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors;Appointmentof Certain Officers; Compensatory Arrangements of Certain Officers
Resignation of Susan Gentile and Appointment of Daniel D. Levin
On February 27, 2018, Susan Gentile notified Oaktree Capital Group, LLC (“Oaktree” or the “Company”) of her resignation from the Company as its Chief Accounting Officer, effective March 23, 2018, to pursue other career opportunities. As the Chief Accounting Officer, Ms. Gentile serves in the role of the Company’s principal accounting officer.
Daniel D. Levin, Oaktree’s Chief Financial Officer, will assume the role of principal accounting officer as of the effective date of Ms. Gentile’s resignation.
Mr. Levin has been serving as Oaktree’s Chief Financial Officer since April 2017. There are no family relationships between Mr. Levin and any of the Company’s current or former directors or executive officers. Mr. Levin is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933 other than as disclosed under Item 13 of Oaktree’s Annual Report on Form 10-K filed on February 23, 2018.
About Oaktree Capital Group, LLC (NYSE:OAK)
Oaktree Capital Group, LLC (Oaktree) is a global investment manager specializing in alternative investments. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities. Its business consists of its investment management segment, which consists of the investment management services that it provides to its clients. Oaktree Capital Group Holdings GP, LLC acts as the Company’s manager and is the general partner of Oaktree Capital Group Holdings, L.P. (OCGH), which owns approximately 100% of the Company’s outstanding Class B units. OCGH is owned by the OCGH unitholders. The Company’s operations are conducted through a group of operating entities collectively referred to as the Oaktree Operating Group. The Funds managed by Oaktree include commingled funds, separate accounts and collateralized loan obligation vehicles (CLOs).
