Business Context and Reporting Period
This Form 8-K Current Report was filed by KKR & Co. L.P. on March 14, 2011. The filing reports a corporate governance event regarding the appointment of a new director to the Board of Directors of KKR Management LLC, the managing partner of KKR & Co. L.P.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and does not contain financial performance data.
Material Changes
On March 14, 2011, Patricia F. Russo was appointed to the Board of Directors of KKR Management LLC and its Conflicts Committee. The appointment is effective as of April 15, 2011.
Guidance, Outlook, and Management Commentary
Ms. Russo will receive the standard independent director compensation arrangement, which includes a prorated annual cash retainer of $75,000. She has also entered into an indemnification agreement with KKR Management LLC and KKR & Co. L.P. The filing includes a press release as Exhibit 99.1 but does not provide forward-looking guidance or discuss risks and contingencies.
Key Facts for Investor Verification
- Patricia F. Russo's appointment to the Board of Directors and Conflicts Committee is effective April 15, 2011.
- Ms. Russo's compensation is a prorated annual cash retainer of $75,000.
- An indemnification agreement has been executed between Ms. Russo and the company entities.
- This filing contains no financial results or operational metrics.