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Apollo Global Management logoApollo Global Management APO

The company said Gary Cohn will serve as Lead Independent Director starting on April 21, 2025, filling the vacancy left by Jay Clayton's resignation effective April 21.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said Gary Cohn will serve as Lead Independent Director starting on April 21, 2025, filling the vacancy left by Jay Clayton's resignation effective April 21.

  2. The company said Jay Clayton has served as Chair and lead independent director since March 2021. He will assume the role of Interim US Attorney for the Southern District of New York on April 22, and his resignation from the board will be effective April 21. The board appointed CEO Marc Rowan as Chair effective April 21, on April 17, and there are no changes to his employment agreement or existing compensation arrangements.

  3. The company said Gary Cohn has served as Vice Chairman of IBM since 2021 and was President and Chief Operating Officer of The Goldman Sachs Group, Inc. from 2006 to 2016. The board determined he is an independent director under NYSE listing standards. The company said there are no arrangements or understandings under which he was named a director and no transactions requiring disclosure under Item 404(a).

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Gary Cohn Appointed Lead Independent Director

The company said Gary Cohn will serve as Lead Independent Director starting on April 21, 2025, filling the vacancy left by Jay Clayton's resignation effective April 21.

Source · Based on the filing body and exhibits

Jay Clayton Resigns; Marc Rowan Appointed Board Chair

The company said Jay Clayton has served as Chair and lead independent director since March 2021. He will assume the role of Interim US Attorney for the Southern District of New York on April 22, and his resignation from the board will be effective April 21. The board appointed CEO Marc Rowan as Chair effective April 21, on April 17, and there are no changes to his employment agreement or existing compensation arrangements.

Source · Based on the filing body and exhibits

Gary Cohn's Background and Independence Determination

The company said Gary Cohn has served as Vice Chairman of IBM since 2021 and was President and Chief Operating Officer of The Goldman Sachs Group, Inc. from 2006 to 2016. The board determined he is an independent director under NYSE listing standards. The company said there are no arrangements or understandings under which he was named a director and no transactions requiring disclosure under Item 404(a).

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.