Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 18, 2017, the registrant announced that Michael J Arougheti was appointed as Chief Executive Officer of its general partner, effective January 1, 2018.
Mr. Arougheti will also continue to serve as a Director and the President of the registrants general partner.
In connection with Mr. Aroughetis appointment, effective January 1, 2018, Antony P. Ressler stepped down from his position as Chief Executive Officer of the registrants general partner and has been named Executive Chairman of the registrants general partner.
Further, on December 18, 2017, the registrant announced that Michael R. McFerran was appointed as Chief Operating Officer of its general partner, effective January 1, 2018.
Mr.
McFerran will also continue to serve as Executive Vice President and Chief Financial Officer of the registrants general partner.
The registrant also announced that Ryan Berry was appointed as Chief Marketing & Strategy Officer of its general partner, effective January 1, 2018. Further, the registrant announced that Ryan Berry and Michael R. McFerran were admitted to the board of managers of Ares Partners Holdco LLC, the sole member of the registrants general partner, effective January 1, 2018. In connection with the foregoing, the board of managers of Ares Partners Holdco LLC was expanded from five to seven managers.
Biographical information for each of Messrs. Arougheti and McFerran is set forth in the registrants Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2017, and such information is incorporated by reference herein.
There are no arrangements or understandings between either Mr. Arougheti or Mr. McFerran and any other person pursuant to which he was appointed as Chief Executive Officer or Chief Operating Officer, respectively, and there are no relationships between either Mr. Arougheti or Mr. McFerran and the registrant that would require disclosure under Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended.