UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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:
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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. ☐
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 4, 2021, Cohen & Steers, Inc. (the “Company”) announced that effective March 1, 2022, Joseph M. Harvey, the Company’s current President and a member of its board of directors (the “Board”), will be appointed Chief Executive Officer of the Company, as successor to Robert H. Steers. Mr. Steers will assume the role of Executive Chairman of the Company at that time and continue as a member of the Board.
Mr. Harvey, age 57, has been President of the Company since 2003 and a member of the Board since 2019. He previously served as Acting Chief Executive Officer of the Company from February 21, 2021 until June 1, 2021. Having joined the Company in 1992, Mr. Harvey was a portfolio manager from 1998 to 2016 and Chief Investment Officer from 2003 to 2019. Mr. Harvey also serves as a Vice President and director of each of the Company’s U.S. registered open-end and closed-end funds.
In consideration of Mr. Steers’ service as Chief Executive Officer and his appointment and continued service as Executive Chairman, on November 4, 2021 the Compensation Committee of the Board determined that, subject to certain terms and conditions, upon Mr. Steers’ retirement as Executive Chairman his then-unvested restricted stock units will immediately vest and thereafter continue to be settled pursuant to the terms of the restricted stock unit award agreement applicable to each grant of restricted stock units, including continued compliance with the restrictive covenants contained in such agreements.
Item 7.01. | Regulation FD Disclosure. |
A copy of the press release issued by the Company is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release issued by the Company on November 4, 2021 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
Cohen & Steers, Inc. (Registrant) | ||||||
Date: November 4, 2021 |
By: | /s/ Francis C. Poli | ||||
Name: Francis C. Poli Title: General Counsel and Secretary |
Exhibit 99.1
Cohen & Steers, Inc. 280 Park Avenue New York, NY 10017-1216 212 832 3232 |
|
Contact:
Paul Zettl
Senior Vice President
Head of Global Marketing
212 446 9189
Cohen & Steers Announces Chief Executive Officer Succession
Effective March 1, 2022, Joseph M. Harvey will succeed Robert H. Steers as CEO
NEW YORK, November 4, 2021 Cohen & Steers, Inc. (NYSE: CNS) announced today that effective March 1, 2022, Joseph M. Harvey will succeed Robert H. Steers as Chief Executive Officer and maintain his role as President. At that time, Mr. Steers will assume the role of Executive Chairman of the company. Martin Cohen remains Chairman of the Board of Directors.
Mr. Harvey, who joined Cohen & Steers in 1992, has served as President since 2003 and a member of the companys Board of Directors since 2019. He was a portfolio manager from 1998 to 2016 and Chief Investment Officer from 2003 to 2019.
Joseph Harvey, President, said:
I am honored to have the opportunity to lead our firms next phase of growth, while continuing to deliver the excellence, innovation and outstanding performance that investors and shareholders have come to expect from Cohen & Steers. We remain committed to being the largest, independent specialist manager focused on real assets and alternative income, while innovating investment strategies that deliver alpha, income, diversification and inflation protection.
Robert Steers, Chief Executive Officer, said:
Joe has been here since the early days of Cohen & Steers and has been integral to our firms many accomplishments, generating superior investment performance, broadening our investment capabilities, expanding globally, going public and leading our firm through many cycles. I have had the privilege of working with Joe for the past 29 years and know that he will be highly effective at taking our firm to new heights.
About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
SOURCE: Cohen & Steers
CONTACT: Paul Zettl
Senior Vice President, Head of Global Marketing
212 446 9189
Website: https://www.cohenandsteers.com
Symbols: NYSE: CNS, RFI, RNP, RQI, UTF, PSF, LDP, FOF, PTA
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Companys current views with respect to, among other things, the Companys operations and financial performance. You can identify these forward-looking statements by the use of words such as outlook, believes, expects, potential, may, will, should, seeks, predicts, intends, plans, estimates, anticipates or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these forward-looking statements. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
2
Document and Entity Information |
Nov. 04, 2021 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0001284812 |
Document Type | 8-K |
Document Period End Date | Nov. 04, 2021 |
Entity Registrant Name | Cohen & Steers, Inc. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-32236 |
Entity Tax Identification Number | 14-1904657 |
Entity Address, Address Line One | 280 Park Avenue |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10017 |
City Area Code | (212) |
Local Phone Number | 832-3232 |
Security 12b Title | Common Stock, $0.01 par value |
Trading Symbol | CNS |
Security Exchange Name | NYSE |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
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