Who is Mary N. Dillon and what is her role on the KKR board?

Mary N. Dillon has been appointed to the Board of Directors of KKR & Co. Inc. as a non-executive director. Her appointment is intended to bring additional expertise to the board.

How was the board size increased?

The number of directors on the KKR Board was increased to twelve through a written consent by KKR Management LLC, the sole holder of KKR's Class B common stock.

What compensation will Ms. Dillon receive?

Ms. Dillon will receive the standard compensation for non-executive directors, which includes a prorated cash retainer of $6,250 for September 2018 and a prorated equity grant of 481 restricted stock units under the company's equity incentive plan.

Is the information about Ms. Dillon's appointment legally filed with the SEC?

A press release announcing the appointment is furnished as an exhibit to the 8-K filing. However, under General Instruction B.2 of Form 8-K, this information and the exhibit are not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor are they incorporated by reference into other SEC filings unless expressly stated.

KKR 8-K: Leadership Changes, Shareholder Matters & More

Summary

KKR & Co. Inc. (KKR) announced a change to its Board of Directors with the appointment of Mary N. Dillon, effective September 6, 2018. This appointment was made via a written consent by KKR Management LLC, which also increased the size of the Board to twelve directors. Ms. Dillon's addition is intended to strengthen the board's expertise and governance. Investors should note that Ms. Dillon will receive compensation typical for non-executive directors, including a prorated cash retainer and a restricted stock unit grant. She has also entered into the company's standard indemnification agreement. The press release detailing this appointment is furnished as an exhibit to this report, but the information is not deemed filed for regulatory purposes.

Key Highlights

1Mary N. Dillon appointed to KKR & Co. Inc. Board of Directors.
2Board size increased to twelve directors.
3Appointment made via written consent of KKR Management LLC.
4Ms. Dillon to receive customary non-executive director compensation (cash retainer and equity).
5Prorted cash retainer for September 2018: $6,250.
6Prorated equity grant for September 2018: 481 restricted stock units.
7Ms. Dillon entered into KKR’s customary indemnification agreement for directors.

KKR & Co. Inc. 8-K Report, Executive Changes (Sep 6, 2018)

Summary

Key Highlights

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