UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On February 10, 2023, the holders of the Class A common units and Class B common units of Oaktree Capital Group, LLC (the “Company”) elected Mansco Perry to the board of directors of the Company (the “Board”), effective on February 10, 2023, to fill the vacancy created by the resignation of D. Richard Masson. On February 14, 2023, the Board appointed Mr. Perry to serve as a member of the Board’s Audit Committee, effective on February 14, 2023. A copy of the press release issued by the Company announcing the election of Mr. Perry to the Board is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
There are no arrangements or understandings between Mr. Perry and any other person pursuant to which he was selected as a director. There are no related party transactions between the Company and Mr. Perry that would require disclosure under Item 404(a) of Regulations S-K.
In accordance with the Company’s director compensation policy, Mr. Perry will receive an annual cash retainer of $100,000 from the Company for his services on the Board and an additional annual retainer of $25,000 as a member of the Audit Committee. Additionally, Mr. Perry is eligible to receive an incentive award from the Company. The Company undertakes to supplement this Current Report on Form 8-K by amendment with information regarding such award promptly following its determination.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 |
Press Release of Oaktree Capital Group, LLC dated February 13, 2023. | |
| 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 by the undersigned hereunto duly authorized.
| OAKTREE CAPITAL GROUP, LLC | ||
| By: | /s/ Daniel D. Levin | |
| Name: | Daniel D. Levin | |
| Title: | Chief Financial Officer | |
Date: February 16, 2023