8-KLeadership ChangesShareholder MattersRegulation FD+1

KKR & Co. Inc. 8-K Report, Executive Changes (Mar 13, 2025)

Filed March 13, 2025For Securities:KKRKKRTKKR-PDKKRS

Summary

KKR & Co. Inc. has announced a significant update to its Board of Directors with the appointment of Timothy R. Barakett, effective March 13, 2025. This move expands the Board to fourteen members. Mr. Barakett's appointment is accompanied by standard compensation for non-executive directors, including an annual cash retainer and an equity award that vests in December 2025. The decision was formally approved by KKR Management LLP, the sole holder of the Series I preferred stock, through written consent, highlighting a key governance action for the company. This appointment suggests a strategic enhancement of the Board's expertise, though the specific contributions Mr. Barakett will make are not detailed in this filing. Investors should note the customary compensation structure, which aligns with industry practices for board members. The company has also furnished a press release detailing this announcement, which is available as an exhibit to this 8-K filing, providing further context for stakeholders interested in KKR's governance and leadership.

Key Highlights

  • 1Timothy R. Barakett appointed to KKR & Co. Inc.'s Board of Directors effective March 13, 2025.
  • 2The Board size has been increased to fourteen directors.
  • 3Mr. Barakett will receive a prorated annual cash retainer of $130,000 for non-executive directors.
  • 4An equity award of 1,166 shares of common stock was granted to Mr. Barakett, vesting on December 1, 2025.
  • 5The appointment and Board expansion were approved by KKR Management LLP via written consent.
  • 6A press release announcing the appointment is furnished as an exhibit to the 8-K filing.

Frequently Asked Questions

Timothy R. Barakett has been appointed as a non-executive Director to the Board of KKR & Co. Inc., effective March 13, 2025. His role is to provide governance and strategic oversight to the company.

Mr. Barakett will receive the standard annual cash retainer for non-executive directors, amounting to $130,000 (prorated for his start date). He has also been granted an equity award of 1,166 shares of common stock, which is set to vest on December 1, 2025.

The increase in the number of directors to fourteen and the appointment of Mr. Barakett were approved by KKR Management LLP, the sole holder of the Series I preferred stock, through a written consent.

No, this 8-K filing primarily focuses on changes in the Board of Directors and related compensatory arrangements. It does not contain new financial statements or operational updates. The details are primarily related to corporate governance.