Summary
Ares Management Corporation (ARES) filed an 8-K on January 22, 2019, to report a change in its Board of Directors. The company announced the appointment of Antoinette C. Bush as a new Class II director, increasing the Board size from eight to nine members. Ms. Bush's appointment is effective January 16, 2019, and she will serve until her successor is elected or until her earlier departure. The Board has determined that Ms. Bush meets New York Stock Exchange independence standards. Ms. Bush brings extensive experience in government affairs, legal, and regulatory matters, particularly within the media and telecommunications sectors. Her background includes senior roles at News Corp, Skadden, Arps, Slate, Meagher, & Flom LLP, and the U.S. Senate Committee on Commerce, Science, and Transportation. She has also been appointed to the Company's Conflicts Committee and will receive standard director compensation and enter into a standard indemnification agreement. This appointment is intended to enhance the Board's expertise and governance.
Key Highlights
- 1Ares Management Corporation expanded its Board of Directors from eight to nine members.
- 2Antoinette C. Bush was appointed as a new Class II director, effective January 16, 2019.
- 3Ms. Bush is considered independent under NYSE listing standards.
- 4Ms. Bush has been appointed to the Board's Conflicts Committee.
- 5Ms. Bush possesses significant experience in government affairs, media, and regulatory law.
- 6Her background includes roles at News Corp, Skadden, Arps, and the U.S. Senate.
- 7Ms. Bush will receive standard compensation for non-executive directors and a director indemnification agreement.