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 17, 2017
KORN/FERRY INTERNATIONAL
(Exact Name of Registrant as Specified in Charter)
Delaware | 001-14505 | 95-2623879 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1900 Avenue of the Stars, Suite 2600 Los Angeles, California |
90067 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrants telephone number, including area code: (310) 552-1834
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):
☐ | 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. |
On April 28, 2017, Stephen Kayes employment with Korn/Ferry International (the Company) will end. Mr. Kaye will receive severance benefits consistent with his previously disclosed employment letter.
Item 8.01 | Other Events. |
Effective April 3, 2017, Mark Arian will succeed Mr. Kaye and serve as the Chief Executive Officer of the Companys Hay Group. A copy of the press release announcing Mr. Arians appointment as Chief Executive Officer of the Companys Hay Group is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
99.1 | Press Release, dated March 20, 2017. |
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.
KORN/FERRY INTERNATIONAL | ||||||
(Registrant) | ||||||
Date: March 20, 2017 | ||||||
/s/ Jonathan Kuai | ||||||
(Signature) | ||||||
Name: | Jonathan Kuai | |||||
Title: | General Counsel and Corporate Secretary |
Exhibit 99.1
MEDIA CONTACT
Dan Gugler
310-226-2645
dan.gugler@kornferry.com
Korn Ferry Makes Leadership Changes Reflecting
Growth and Evolution of the Firm
Mark Arian to join firm as CEO of Hay Group advisory business
Futurestep CEO Byrne Mulrooney to add Global Products responsibility
CMO Mike Distefano to serve in newly formed COO role for Asia Pacific
Los Angeles, March 20, 2017 Korn Ferry (NYSE:KFY), the preeminent global people and organizational advisory firm, today announced leadership changes in key areas of the business in a move that further positions the firm for growth.
Our firm is growing in both size and complexity, and we are continually evolving to increase our relevance and impact with clients, said Gary D. Burnison, CEO Korn Ferry. Our leadership changes reflect our firms transformation and the commitment we have to aligning our business with opportunity and areas of growth.
Hay Group
As the integration of Hay Group with Korn Ferry is substantially complete, and his role unifying these businesses is nearly finalized, Korn Ferry Hay Group CEO Steve Kaye has decided that he will move on from Korn Ferry at the end of the firms fiscal year.
Mark Arian will join Korn Ferry as CEO of the Hay Group advisory business, effective April 3. Arian is a seasoned leader with a track record of building businesses, with deep experience in global professional services firms. Most recently, he was a partner at Ernst & Young and has held leadership positions at Hewitt Associates, Towers Perrin (now Willis Towers Watson) and AON.
Global Products Business
To further expand its product development and management capability, Andrew Huddart joined the firm in December 2016 as President of Global Productized Services. To fully leverage the opportunity the firm has for its global products business, Huddart will now report to Byrne Mulrooney, who has a successful track record of productizing the firms intellectual property. Byrne will continue to serve as the CEO of Korn Ferrys Futurestep business.
Asia Pacific
As the firm experiences growth in Asia Pacific, it has created a Chief Operating Officer position to provide additional support to the region. CMO and President of the Korn Ferry Institute Mike
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Distefano will assume this newly created role. Distefano will relocate to Shanghai from Los Angeles and work closely with Charles Tseng, President of Asia Pacific, to manage and grow the firms business in this important region.
About Korn Ferry
Korn Ferry is the preeminent global people and organizational advisory firm. We help leaders, organizations, and societies succeed by releasing the full power and potential of people. Our nearly 7,000 colleagues deliver services through our Executive Search, Hay Group and Futurestep divisions. Visit kornferry.com for more information.
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