Business Context and Reporting Period
This Form 8-K is a current report filed by Oaktree Capital Group, LLC on November 15, 2022. The filing addresses a corporate governance event regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel announcement and does not contain financial performance data.
Material Changes
The material change reported is the resignation of D. Richard Masson, a member of the Board of Directors. His resignation is effective December 31, 2022. The Company explicitly states that the resignation is not due to any disagreement with the Company regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies beyond the standard disclosure regarding the director's departure.
Key Facts for Investors
- Event: Resignation of Director D. Richard Masson.
- Effective Date: December 31, 2022.
- Reason: No disagreement with the Company on operations, policies, or practices.
- Securities Affected: 6.625% Series A preferred units (OAK-PA) and 6.550% Series B preferred units (OAK-PB).