Current Report Filing (8-k)
January 26 2016 - 5:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2016
The Blackstone Group L.P.
(Exact name of Registrant as specified in its charter)
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Delaware |
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001-33551 |
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20-8875684 |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(I.R.S. Employer
Identification No.) |
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345 Park Avenue
New York, New York |
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10154 |
(Address of principal executive offices) |
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(Zip Code) |
(212) 583-5000
(Registrants telephone number, including area code)
NOT APPLICABLE
(Former
name or former address, if changed since last report.)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(d) On January 26, 2016, Peter T. Grauer was appointed to the board of directors of
Blackstone Group Management L.L.C., the general partner (the General Partner) of The Blackstone Group L.P. (the Partnership), and its Audit and Conflicts Committees.
Mr. Grauer will receive an annual cash retainer of $150,000. In addition, Mr. Grauer received upon his appointment a grant of
deferred restricted common units with a value of $150,000 under The Blackstone Group L.P. Amended and Restated 2007 Equity Incentive Plan. These deferred restricted common units will vest, and the underlying common units will be delivered, on the
first anniversary of the date of grant, subject to Mr. Grauers continued service on the board of directors of the General Partner.
A copy of the press release announcing the appointment of Mr. Grauer to the board of directors of the General Partner is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit
No. |
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Description |
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99.1 |
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Press release of The Blackstone Group L.P. dated January 26, 2016. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: January 26, 2016
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The Blackstone Group L.P. |
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By: Blackstone Group Management L.L.C.,
its General Partner |
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/s/ John G. Finley |
John G. Finley |
Chief Legal Officer |
Exhibit 99.1
Peter Grauer to Join Blackstones Board of Directors
New York, January 26, 2016. Blackstone (NYSE:BX) today announced that Peter Grauer has joined its board of directors. Mr. Grauer has
been the Chairman of Bloomberg, the global business and financial information company, since March 2001 and joined Bloomberg full time as President and Chief Executive Officer in March of 2002.
Commenting on the appointment, Stephen A. Schwarzman, Blackstones Chairman and CEO, said, We could not be more pleased about the addition of Peter
Grauer to our board of directors. He brings a deep knowledge of the financial industry as well as a broad perspective on global business that will be immensely valuable to Blackstone in the years ahead.
Tony James, President of Blackstone, adds, Peter and I worked together for a number of years at DLJ, where he helped build one of the most successful
private equity businesses in the world, developed an outstanding record and became one of the industrys leaders. I have no doubt that Peter will add great value to the firm and I look forward to working with him again.
Added Peter Grauer, I am thrilled to be joining Blackstones board of directors. Blackstone has an unmatched reputation and leadership position in
asset management, which I have seen first-hand through my long relationship with Tony and my deep respect for Steve and the firm. I look forward to working with Blackstone as they continue to innovate, launch new products, build and expand the firm
globally.
Prior to joining Bloomberg, Mr. Grauer was a managing director of Donaldson, Lufkin & Jenrette from 1992 to 2000 when DLJ
was acquired by Credit Suisse First Boston. He is a founder of DLJ Merchant Banking Partners and DLJ Investment Partners and had also served as a managing director and senior partner of CSFB Private Equity.
Mr. Grauer graduated from the University of North Carolina and the Harvard University Graduate School of Business, Program for Management Development.
Mr. Grauer serves as lead director of Davita Health Care Partners, Inc. (NYSE: DVA), a healthcare services company based in Colorado. He is a member of the Business Council, the International Business Council of the World Economic Forum and
serves on its Media, Entertainment and Information Industry Board of Governors. He is founding Chairman of the Community of Chairmen at the World Economic Forum. Mr. Grauer is the Senior Independent Director and Chairman of the Nominations and
Audit Committees of Glencore. He is also a member of the McKinsey Advisory Council and the Asia Business Council.
About Blackstone
Blackstone is one of the worlds leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies
we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $330 billion in assets under management, include
investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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