8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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) August 19, 2020

ARES MANAGEMENT CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware	001-36429	80-0962035
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067

(Address of principal executive office) (Zip Code)

(310) 201-4100

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, 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):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value $0.01 per share	ARES	New York Stock Exchange
7.00% Series A Preferred Stock, par value $0.01 per share	ARES.PRA	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

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Item 8.01 Other Events

Certain executive officers and directors (each, a “Plan Participant”) of Ares Management Corporation (the “Company”) entered into Rule 10b5-1 Trading Plans to sell shares of the Company’s Class A common stock, in each case, subject to any applicable volume limitations. The table below provides certain information regarding each Plan Participant’s 10b5-1 Trading Plan.

Name	Plan Date	Maximum Shares That May Be Sold Under The Plan	Plan Expiration Date
David Kaplan	August 26, 2020	600,000	October 1, 2021
Bennett Rosenthal	August 19, 2020	375,000	September 16, 2021

Trading under the Rule 10b5-1 Trading Plans may commence no sooner than 30 days after the date the Plan Participant entered into the Rule 10b5-1 Trading Plans and will end on the earlier of the applicable date set forth above and the date on which all the shares in the plan are sold. Each of the Rule 10b5-1 Trading Plans was entered into for estate planning purposes.

A Rule 10b5-1 Trading Plan is a written document that pre-establishes the amounts, prices and dates (or formulas for determining the amounts, prices and dates) of future purchases or sales of the Company’s common stock, including, if applicable, shares issued upon exercise of stock options or vesting of restricted stock units or performance shares.

Each Plan Participant’s Rule 10b5-1 Trading Plan was adopted during an authorized trading period and when such Plan Participant was not in possession of material non-public information. The transactions under each Plan Participant’s Rule 10b5-1 Trading Plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.

Other officers, insiders and employees of the Company may from time to time establish stock trading plans under Rule 10b5-1. Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 Trading Plans of the Company’s officers or directors. By furnishing the information in this Item 8.01, the Company is making no admission as to the materiality of such information.

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SIGNATURES

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.

		ARES MANAGEMENT CORPORATION
Dated: August 28, 2020
	By:	/s/ Michael R. McFerran
	Name:	Michael R. McFerran
	Title:	Chief Operating Officer & Chief Financial Officer

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XML

Document And Entity Information	Aug. 20, 2020	Aug. 19, 2020
Entity Information [Line Items]
Document Type		8-K
Document Period End Date		Aug. 19, 2020
Entity Registrant Name		ARES MANAGEMENT CORPORATION
Entity Incorporation, State or Country Code		DE
Entity File Number		001-36429
Entity Tax Identification Number		80-0962035
Entity Address, Address Line One		2000 Avenue of the Stars,
Entity Address, Address Line Two		12th Floor
Entity Address, City or Town		Los Angeles
Entity Address, State or Province		CA
Entity Address, Postal Zip Code		90067
City Area Code		310
Local Phone Number		201-4100
Written Communications		false
Soliciting Material		false
Pre-commencement Tender Offer		false
Pre-commencement Issuer Tender Offer		false
Entity Emerging Growth Company		false
Entity Central Index Key	0001176948
Amendment Flag	false
Class A common stock
Entity Information [Line Items]
Title of 12(b) Security		Class A common stock, par value $0.01 per share
Trading Symbol		ARES
Security Exchange Name		NYSE
Series A Preferred Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security		7.00% Series A Preferred Stock, par value $0.01 per share
Trading Symbol		ARES.PRA
Security Exchange Name		NYSE