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): April 3, 2008
EVERCORE PARTNERS INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-32975 | 20-4748747 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 55 East 52nd Street, 43rd Floor New York, New
York |
10055 | |
| (Address of principal executive offices) | (Zip Code) |
(212) 857-3100
(Registrant’s 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):
| ¨ | 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 3, 2008, Austin M. Beutner, President, Co-Chief Executive Officer, Co-Founder and Director of Evercore Partners Inc. (the “Company”), informed the Company of his decision to retire from his positions at the Company, effective May 1, 2008.
Roger C. Altman, Chairman and Co-Chief Executive Officer, will become the Company’s sole chief executive. No other managerial changes are planned. Pedro Aspe will remain Co-Chairman of Evercore. Eduardo Mestre and Bernard Taylor also will remain Vice Chairmen.
The full text of the press release announcing Mr. Beutner’s retirement is filed herewith as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release of Evercore Partners Inc., dated April 7, 2008 | |
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.
| EVERCORE PARTNERS INC. | ||||||||
| Date: April 7, 2008 | /s/ Adam B. Frankel | |||||||
| By: | Adam B. Frankel | |||||||
| Title: | General Counsel | |||||||
INDEX TO EXHIBITS
| Exhibit No. |
Description | |
| 99.1 | Press Release of Evercore Partners Inc., dated April 7, 2008 | |
Exhibit 99.1
Evercore Partners’ Austin M. Beutner To Retire
NEW YORK, April 7, 2008 – Evercore Partners Inc. (NYSE: EVR) announced today that Austin M. Beutner, President, Co-Chief Executive Officer and Co-Founder, has chosen to retire from the Firm and its Board of Directors, effective May 1, 2008. Mr. Beutner advised Evercore late last week of this decision, which was entirely at his initiation. He has been on medical leave since undergoing a series of medical procedures in mid-December related to a bicycle accident.
“I expect to make a full recovery,” Mr. Beutner said. “But, the process will take more time. For the near term, I want to dedicate myself to that and to my family.”
“I was fortunate to co-found Evercore at the beginning of 1996,” Mr. Beutner added. “Running the Firm with Roger over all the intervening years has been deeply fulfilling and very successful. Evercore has never been stronger than it is now, and I have no doubt that it will continue to be successful.”
Roger C. Altman, Chairman and Co-Chief Executive Officer, will become the Firm’s sole Chief Executive Officer. No other managerial changes are planned. Pedro Aspe will remain Co-Chairman of Evercore. Eduardo Mestre and Bernard Taylor also will remain Vice Chairmen.
“It is with nostalgia and wistfulness that I accept Austin’s decision,” Mr. Altman said. “We had a very effective and complementary partnership together. Evercore would be nowhere near where it is today without the contributions he made.”
About Evercore Partners
Evercore Partners is a leading investment banking boutique and investment company. Evercore’s Advisory business counsels its clients on mergers, acquisitions, divestitures, restructurings and other strategic transactions. Evercore’s Investment Management business manages private equity funds and traditional asset management services for sophisticated institutional investors. Evercore serves a diverse set of clients around the world from its offices in New York, Los Angeles, San Francisco, London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the Company’s Web site at www.evercore.com.
| Investor Contact: | Robert B. Walsh Chief Financial Officer, Evercore Partners 212-857-3100 |
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| Media Contact: | Kenny Juarez or Chuck Dohrenwend The Abernathy MacGregor Group for Evercore Partners 212-371-5999 |
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