SCULPTOR CAPITAL MANAGEMENT, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
Written by admin on November 21, 2020
Merchandise 5.02. Departure of Administrators or Sure Officers; Election of Administrators; Appointment of Sure Officers; Compensatory Preparations of Sure Officers. Appointment of Chief Monetary Officer On
November 19, 2020, Sculptor Capital Administration, Inc.(the "Firm" or "Sculptor") appointed Dava Ritcheato function the Firm's Chief Monetary Officer (the "CFO"), efficient January 11, 2021(the "Efficient Date"). Ms. Ritchea, 36, joins Sculptor from Assured Funding Administration(previously often called BlueMountain Capital Administration), the place she served as Chief Monetary Officer since January 2017and vp, enterprise administration and technique, from October 2013to January 2017. Previous to becoming a member of Assured Funding Administrationin 2013, Ms. Ritchealabored at Barclays Capital, Credit score Suisse and Lehman Brothers in a number of finance and technique roles. Ms. Ritcheaobtained a B.S in Enterprise Administration with a minor in Arithmetic from Carnegie Mellon College. New CFO Accomplice Settlement In reference to Ms. Ritchea'sappointment as CFO, she entered into accomplice agreements (the "Accomplice Agreements") with every of Sculptor Capital LP("SCM") , Sculptor Capital Advisors LP("Advisors") and Sculptor Capital Advisors II LP("Advisors II" and, along with Advisors and SCM, the "Working Partnerships") offering that she can be admitted as a restricted accomplice of every of the Working Partnerships. The Accomplice Agreements present that Ms. Ritcheawill obtain annual base compensation of $500,000, payable in equal quarterly installments, and can be eligible to obtain an annual discretionary incentive bonus (the "Annual Bonus") payable in respect of every 12 months that can be decided within the discretion of, and primarily based on efficiency standards established by, the Compensation Committee of the Board of Administrators of the Firm and the Firm's Chief Government Officer, topic to a minimal whole annual compensation quantity for every of 2021 and 2022 of $1.5 million, inclusive of her annual base compensation, and additional supplied that the goal minimal whole annual compensation quantity in 2021 and 2022 shall be between $1.5 millionand $2 million. Ms. Ritchea'sAnnual Bonus could also be paid in money, deferred money, fairness or a mixture thereof in step with the remedy of different government managing administrators. Ms. Ritcheacan even be entitled to sure extra compensation in reference to commencing her employment, topic to the phrases of the Accomplice Agreements. The Accomplice Agreements additionally present that Ms. Ritcheawill obtain a grant of 200,000 Class E working group items within the Working Partnerships (the "Class E Items") beneath the Firm's 2013 Incentive Plan on the Efficient Date. These Class E Itemswill vest in three equal installments on every of December 31, 2023, 2024 and 2025, topic to Ms. Ritchea'ssteady service with the Firm via every vesting date and the phrases of the restricted partnership agreements of the Working Partnerships. The Accomplice Agreements additional present that Ms. Ritcheacan be eligible to take part within the Firm's 2018 Accomplice Incentive Poolfor the fiscal 12 months ending December 31, 2022, and are topic to the usual non-competition, non-solicitation and confidentiality restrictions which are usually constant with these relevant to our different government managing administrators. Merchandise 7.01 Regulation FD Disclosure. On November 20, 2020, the Firm issued a press launch saying the appointment of Ms. Ritcheabecause the Firm's new Chief Monetary Officer. A duplicate of the press launch is connected to this Present Report on Kind 8-Ok as Exhibit 99.1 and is included herein by reference. The data contained in Merchandise 7.01 of this Present Report on Kind 8-Ok, together with Exhibit 99.1 connected hereto, is being furnished and shall not be deemed "filed" for any function, and shall not be deemed included by reference in any submitting beneath the Securities Act of 1933, as amended, or the Securities Change Act of 1934, as amended, besides as expressly set forth by particular reference in such submitting.
Merchandise 9.01. Monetary Statements and Reveals.
Exhibit No. Description 99.1 Press Launch issued by
Sculptor Capital Administration, Inc.on November 20, 2020. 104 Cowl Web page Interactive Knowledge File (embedded inside the Inline XBRL doc).
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