Form 8-K
false 0001360901 0001360901 2020-07-14 2020-07-14

 

 

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): July 14, 2020

 

EVERCORE INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-32975

 

20-4748747

(State or other jurisdiction

of incorporation)

 

(Commission

File No.)

 

(IRS Employer

Identification No.)

55 East 52nd Street

New York, New York 10055

(Address of principal executive offices)

(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))

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

 

EVR

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

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 July 15, 2020, Evercore Inc. (the “Company”) announced that Ralph L. Schlosstein, the Company’s Chief Executive Officer and President, and John S. Weinberg, the Company’s Executive Chairman, have each been appointed as Co-Chairman of the Board of Directors and Co-Chief Executive Officer of the Company, effective immediately. Information about the business experience and compensation of Messrs. Schlosstein and Weinberg is included in the Company’s proxy statement for its 2020 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on April 24, 2020.

There is no arrangement or understanding between Messrs. Schlosstein and Weinberg and any other person pursuant to which they were appointed as Co-Chairman of the Board or Co-Chief Executive Officer, nor is there any family relationship between Messrs. Schlosstein and Weinberg and any of our other directors or executive officers. There are no transactions since the beginning of our last fiscal year, or any currently proposed transaction, in which we are a participant, the amount involved exceeds $120,000, and in which Messrs. Schlosstein or Weinberg had, or will have, a direct or indirect material interest.

A copy of the press release announcing this event is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit
No.

   

Description

         
 

99.1

   

Press Release, dated July 15, 2020

         
 

104

   

Cover Page Interactive Data is formatted in Inline XBRL (and contained in Exhibit 101)


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 INC.

         

    

 

By:

 

/s/ Jason Klurfeld

    

 

Name:

 

Jason Klurfeld

    

 

Title:

 

General Counsel

Dated: July 15, 2020

EX-99.1

Exhibit 99.1

 

LOGO

Ralph L. Schlosstein and John S. Weinberg Each Appointed as

Co-Chairman of the Board of Directors and Co-Chief Executive Officer

New York, July 15, 2020 – Evercore (NYSE: EVR) today announced that Ralph L. Schlosstein and John S. Weinberg have each been appointed as Co-Chairman of the Board and Co-Chief Executive Officer, effective immediately. Previously, Mr. Schlosstein, who joined the firm in 2009, served as President and Chief Executive Officer and Mr. Weinberg, who joined the firm in 2016, served as Chairman of the Board and Executive Chairman. Messrs. Schlosstein and Weinberg will continue to lead the firm with Roger Altman, Founder and Senior Chairman.

Roger Altman said, “Ralph and John have been extraordinary in their respective roles and have formed a genuine partnership. It is exciting that they will lead Evercore together. And, as we complete our 25th year, I can’t think of a better team to guide the firm.”

Ralph Schlosstein said, “John and I have been working together as partners since he joined the firm almost four years ago, collaborating on all important decisions pertaining to the management of the firm and the strategic direction of our business. Our Board’s decision codifies and formalizes our already strong partnership, and I do not expect it to affect in any way the way we interact with each other or our management of the firm. As Co-Chairmen of the Board and Co-CEOs, I fully expect our partnership to strengthen and grow as we navigate today’s challenging environment and execute our long-term growth strategy.”

John Weinberg commented, “It has been a pleasure working closely with Roger and Ralph over the last several years. The arrangement announced today is very much a continuation of the way we have been operating over these last years. I am excited by the prospects and direction of the firm and I look forward to leading Evercore together with Ralph, maintaining our commitment to our clients, our values and our people.”


About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in North America, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

 

Investor Contact:    Hallie Elsner Miller   
   Head of Investor Relations, Evercore   
   +1.917.386.7856   
Media Contact:    Dana Gorman   
   Abernathy MacGregor, for Evercore   
   +1.212.371.5999