-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TgsvDN73g+3vy31Ahg3vCvVNzYCUEEN0Dq6Q1/M61ylcH0YaMgtk3eUjAxuxPGGf pQIbRNcLu2h3/gqPpnMOQw== 0000893838-09-000071.txt : 20090326 0000893838-09-000071.hdr.sgml : 20090326 20090326142114 ACCESSION NUMBER: 0000893838-09-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20090324 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090326 DATE AS OF CHANGE: 20090326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLG Partners, Inc. CENTRAL INDEX KEY: 0001365790 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 205009693 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33217 FILM NUMBER: 09706274 BUSINESS ADDRESS: STREET 1: 390 PARK AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-224-7200 MAIL ADDRESS: STREET 1: 390 PARK AVENUE STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Freedom Acquisition Holdings, Inc. DATE OF NAME CHANGE: 20060612 8-K 1 glg8k0309.htm FORM 8-K Form 8-K

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):                                               March 24, 2009

GLG Partners, Inc.
(Exact name of registrant as specified in its charter)

Delaware 001-33217 20-5009693
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (I.R.S. Employer
Identification No.)

399 Park Avenue, 38th Floor
New York, New York 10022
(Address of principal executive offices)

Registrant’s telephone number, including area code:                                    (212) 224-7200


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:

  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))

Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

                 At the request of certain salaried senior executives of the Company and its subsidiaries, GLG Partners, Inc. (the “Company”) is decreasing their base salaries to $1, effective April 1, 2009 through December 31, 2009, under each of the employment agreements between the executives and the Company and/or one of its subsidiaries described below. The senior executives subject to the salary reduction are Noam Gottesman, Chairman and Co-Chief Executive Officer, Emmanuel Roman, Co-Chief Executive Officer, and Pierre Lagrange, Senior Managing Director of the GLG Partners LP subsidiary of the Company.

                 On March 24, 2009, Messrs. Gottesman and Roman entered into letter agreements amending substantially identical employment agreements with each of GLG Partners LP, GLG Partners Services LP and the Company, and Mr. Lagrange entered into letter agreements amending substantially identical employment agreements with each of GLG Partners LP and GLG Partners Services Limited, in each case to reflect the salary decrease. GLG Partners LP, GLG Partners Services LP and GLG Partners Services Limited are the Company’s primary operating subsidiaries.

                 Attached as Exhibits 10.1.1, 10.1.2, 10.1.3, 10.2.1, 10.2.2, 10.2.3, 10.3.1and 10.3.2 to this Current Report on Form 8-K and incorporated herein by reference are copies of the letter agreements with each of Messrs. Gottesman, Roman and Lagrange amending their employment agreements to reflect the salary decrease.

Item 9.01.   Financial Statements and Exhibits.

(d) Exhibits.

  10.1.1 Letter Agreement dated as of March 24, 2009 between the Company and Noam Gottesman.
  10.1.2 Letter Agreement dated as of March 24, 2009 between GLG Partners LP and Noam Gottesman.
  10.1.3 Letter Agreement dated as of March 24, 2009 between GLG Partners Services LP and Noam Gottesman.
  10.2.1 Letter Agreement dated as of March 24, 2009 between the Company and Emmanuel Roman.
  10.2.2 Letter Agreement dated as of March 24, 2009 between GLG Partners LP and Emmanuel Roman.
  10.2.3 Letter Agreement dated as of March 24, 2009 between GLG Partners Services LP and Emmanuel Roman.
  10.3.1 Letter Agreement dated as of March 24, 2009 between GLG Partners LP and Pierre Lagrange.
  10.3.2 Letter Agreement dated as of March 24, 2009 between GLG Partners Services Limited and Pierre Lagrange.


2

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.

GLG PARTNERS, INC.


By: /s/ Alejandro San Miguel
Alejandro San Miguel
General Counsel and Corporate Secretary

Date: March 26, 2009



3

 

  EXHIBIT INDEX

 
Exhibit
Number

Description

 
10.1.1 Letter Agreement dated as of March 24, 2009 between the Company and Noam Gottesman.

  
10.1.2 Letter Agreement dated as of March 24, 2009 between GLG Partners LP and Noam Gottesman.

  
10.1.3 Letter Agreement dated as of March 24, 2009 between GLG Partners Services LP and Noam Gottesman.

  
10.2.1 Letter Agreement dated as of March 24, 2009 between the Company and Emmanuel Roman.

  
10.2.2 Letter Agreement dated as of March 24, 2009 between GLG Partners LP and Emmanuel Roman.

  
10.2.3 Letter Agreement dated as of March 24, 2009 between GLG Partners Services LP and Emmanuel Roman.

  
10.3.1 Letter Agreement dated as of March 24, 2009 between GLG Partners LP and Pierre Lagrange.

  
10.3.2 Letter Agreement dated as of March 24, 2009 between GLG Partners Services Limited and Pierre Lagrange.

  

GRAPHIC 2 ballot.jpg GRAPHIC begin 644 ballot.jpg M_]C_X``02D9)1@`!`0$!+`$L``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+ M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#U."#5-9UW M7U'B/4K&"SO4MX8+6*V*A3;0R$DR0LQ):1N_I6KX5OKC4_!^B7]W()+FZL() MI7``W.T:EC@<#DGI3+GPKI=S>W5V6U"&:Z=9)C;:G EX-10 3 glg8k0309ex1011.htm EXHIBIT 10.1.1 - LETTER AGREEMENT DATED 3-24-09 BETWEEN THE COMPANY AND NOAM GO Exhibit 10.1.1

Exhibit 10.1.1

GLG PARTNERS, INC.
399 Park Avenue, 38th Floor
New York, New York 10022


March 24, 2009

Noam Gottesman
c/o GLG Partners, Inc.
399 Park Avenue, 38th Floor
New York, New York 10022

Dear Noam:

Reference is made to your Employment Agreement dated November 2, 2007 with GLG Partners, Inc. (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning April 1, 2009 and continuing through December 31, 2009, and notwithstanding clause 3.1 of the Employment Agreement, your salary for that period of time will be $1.00. Beginning January 1, 2010, your salary will resume being paid at the rate set forth in clause 3.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS, INC.
by: /s/ Emmanuel Roman
Name:   Emmanuel Roman
Title:   Co-Chief Executive Officer

Agreed to and signed by:
/s/ Noam Gottesman
Noam Gottesman

EX-10 4 glg8k0309ex1012.htm EXHIBIT 10.1.2 - LETTER AGREEMENT DATED 3-24-09 BETWEEN GLG PARTNERS LP AND NOA Exhibit 10.1.2

Exhibit 10.1.2

GLG PARTNERS LP
One Curzon Street
London, W1J 5HB England


24 March 2009

Noam Gottesman
c/o GLG Partners LP
One Curzon Street
London, W1J 5HB England

Dear Noam:

Reference is made to your Amended and Restated Employment Agreement dated 2 November 2007 with GLG Partners LP (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning 1 April 2009 and continuing through 31 December 2009, and notwithstanding clause 3.1 of the Employment Agreement, your salary for that period of time will be US$1.00. Beginning 1 January 2010, your salary will resume being paid at the rate set forth in clause 3.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS LP
by:  GLG Partners Limited, General Partner
by: /s/ Emmanuel Roman
Name:   Emmanuel Roman
Title:   Director

Agreed to and signed by:
/s/ Noam Gottesman
Noam Gottesman

EX-10 5 glg8k0309ex1013.htm EXHIBIT 10.1.3 - LETTER AGREEMENT DATED 3-24-09 BETWEEN GLG PARTNERS SERVICES L Exhibit 10.1.3

Exhibit 10.1.3

GLG PARTNERS SERVICES LP
The Waterfront Centre
North Church Street, P.O. Box 2427
George Town, Grand Cayman, British West Indies


March 24, 2009

Noam Gottesman
c/o GLG Partners Services LP
The Waterfront Centre
North Church Street, P.O. Box 2427
George Town, Grand Cayman, British West Indies

Dear Noam:

Reference is made to your Amended and Restated Employment Agreement dated November 2, 2007 with GLG Partners Services LP (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning April 1, 2009 and continuing through December 31, 2009, and notwithstanding clause 4.1 of the Employment Agreement, your salary for that period of time will be $1.00. Beginning January 1, 2010, your salary will resume being paid at the rate set forth in clause 4.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS SERVICES LP
by:  GLG Partners Services Limited, General Partner
by: /s/ Leslie J. Schreyer
Name:   Leslie J. Schreyer
Title:   Director

Agreed to and signed by:
/s/ Noam Gottesman
Noam Gottesman

EX-10 6 glg8k0309ex1021.htm EXHIBIT 10.2.1 - LETTER AGREEMENT DATED 3-24-09 BETWEEN THE COMPANY AND EMMANUE Exhibit 10.2.1

Exhibit 10.2.1

GLG PARTNERS, INC.
399 Park Avenue, 38th Floor
New York, New York 10022


March 24, 2009

Emmanuel Roman
c/o GLG Partners, Inc.
399 Park Avenue, 38th Floor
New York, New York 10022

Dear Manny:

Reference is made to your Employment Agreement dated November 2, 2007 with GLG Partners, Inc. (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning April 1, 2009 and continuing through December 31, 2009, and notwithstanding clause 3.1 of the Employment Agreement, your salary for that period of time will be $1.00. Beginning January 1, 2010, your salary will resume being paid at the rate set forth in clause 3.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS, INC.
by: /s/ Noam Gottesman
Name:   Noam Gottesman
Title:   Chairman & Co-Chief Executive Officer

Agreed to and signed by:
/s/ Emmanuel Roman
Emmanuel Roman

EX-10 7 glg8k0309ex1022.htm EXHIBIT 10.2.2 - LETTER AGREEMENT DATED 3-24-09 BETWEEN GLG PARTNERS LP AND EMM Exhibit 10.2.2

Exhibit 10.2.2

GLG PARTNERS LP
One Curzon Street
London, W1J 5HB England


24 March 2009

Emmanuel Roman
c/o GLG Partners LP
One Curzon Street
London, W1J 5HB England

Dear Manny:

Reference is made to your Amended and Restated Employment Agreement dated 2 November 2007 with GLG Partners LP (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning 1 April 2009 and continuing through 31 December 2009, and notwithstanding clause 3.1 of the Employment Agreement, your salary for that period of time will be US$1.00. Beginning 1 January 2010, your salary will resume being paid at the rate set forth in clause 3.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS LP
by:  GLG Partners Limited, General Partner
by: /s/ Noam Gottesman
Name:   Noam Gottesman
Title:   Director

Agreed to and signed by:
/s/ Emmanuel Roman
Emmanuel Roman

EX-10 8 glg8k0309ex1023.htm EXHIBIT 10.2.3 - LETTER AGREEMENT DATED 3-24-09 BETWEEN GLG PARTNERS SERVICES L Exhibit 10.2.3

Exhibit 10.2.3

GLG PARTNERS SERVICES LP
The Waterfront Centre
North Church Street, P.O. Box 2427
George Town, Grand Cayman, British West Indies


March 24, 2009

Emmanuel Roman
c/o GLG Partners Services LP
The Waterfront Centre
North Church Street, P.O. Box 2427
George Town, Grand Cayman, British West Indies

Dear Manny:

Reference is made to your Amended and Restated Employment Agreement dated November 2, 2007 with GLG Partners Services LP (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning April 1, 2009 and continuing through December 31, 2009, and notwithstanding clause 4.1 of the Employment Agreement, your salary for that period of time will be $1.00. Beginning January 1, 2010, your salary will resume being paid at the rate set forth in clause 4.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS SERVICES LP
by:  GLG Partners Services Limited, General Partner
by: /s/ Leslie J. Schreyer
Name:   Leslie J. Schreyer
Title:   Director

Agreed to and signed by:
/s/ Emmanuel Roman
Emmanuel Roman

EX-10 9 glg8k0309ex1031.htm EXHIBIT 10.3.1 - LETTER AGREEMENT DATED 3-24-09 BETWEEN GLG PARTNERS LP AND PIE Exhibit 10.3.1

Exhibit 10.3.1

GLG PARTNERS LP
One Curzon Street
London, W1J 5HB England


24 March 2009

Pierre Lagrange
c/o GLG Partners LP
One Curzon Street
London, W1J 5HB England

Dear Pierre:

Reference is made to your Amended and Restated Employment Agreement dated 2 November 2007 with GLG Partners LP (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning 1 April 2009 and continuing through 31 December 2009, and notwithstanding clause 3.1 of the Employment Agreement, your salary for that period of time will be US$1.00. Beginning 1 January 2010, your salary will resume being paid at the rate set forth in clause 3.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS LP
by:  GLG Partners Limited, General Partner
by: /s/ Noam Gottesman
Name:   Noam Gottesman
Title:   Director

Agreed to and signed by:
/s/ Pierre Lagrange
Pierre Lagrange

EX-10 10 glg8k0309ex1032.htm EXHIBIT 10.3.2 - LETTER AGREEMENT DATED 3-24-09 BETWEEN GLG PARTNER SERVICES LI Exhibit 10.3.2

Exhibit 10.3.2

GLG PARTNERS SERVICES LIMITED
The Waterfront Centre
North Church Street, P.O. Box 2427
George Town, Grand Cayman, British West Indies


March 24, 2009

Pierre Lagrange
c/o GLG Partners Services Limited
The Waterfront Centre
North Church Street, P.O. Box 2427
George Town, Grand Cayman, British West Indies

Dear Pierre:

Reference is made to your Amended and Restated Employment Agreement dated November 2, 2007 with GLG Partners Services Limited (“GLG”) (the “Employment Agreement”).

This letter is to confirm our agreement that, beginning April 1, 2009 and continuing through December 31, 2009, and notwithstanding clause 4.1 of the Employment Agreement, your salary for that period of time will be $1.00. Beginning January 1, 2010, your salary will resume being paid at the rate set forth in clause 4.1 of the Employment Agreement.

Except as expressly provided herein, the Employment Agreement shall remain in full force and effect in accordance with its terms.

Please confirm your agreement to the foregoing amendment by signing and returning an original executed copy of this letter.

GLG PARTNERS SERVICES LIMITED
by: /s/ Leslie J. Schreyer
Name:   Leslie J. Schreyer
Title:   Director

Agreed to and signed by:
/s/ Pierre Lagrange
Pierre Lagrange

-----END PRIVACY-ENHANCED MESSAGE-----