Business Context and Reporting Period
This Form 8-K filing by Evercore Inc. (Delaware) reports a corporate governance event dated October 22, 2018. The filing details the appointment of a new director to the Board of Directors.
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 changes and does not contain financial performance data.
Material Changes
- Board Composition: The Board of Directors increased its size from eleven to twelve members.
- Director Appointment: Kendrick R. Wilson III was appointed as a director, with a term expiring at the 2019 annual meeting of stockholders.
- Committee Assignments: Mr. Wilson was appointed to the Audit Committee and the Nominating and Corporate Governance Committee.
Compensation and Management Commentary
In connection with his appointment, Mr. Wilson will receive a one-time award of restricted stock units (RSUs) valued at $50,000, which generally vests on the second anniversary of the grant date. He will also receive the standard non-management director compensation arrangement. The filing notes there are no agreements or understandings with any person regarding his selection.
Mr. Wilson brings significant industry experience, having retired as Vice Chairman of BlackRock, Inc. in early 2018. His prior roles include Vice Chairman of Investment Banking at Goldman Sachs & Co. and head of Investment Banking at Lazard Freres & Co. LLC.
Investor Verification Checklist
- Verify the total number of Board seats and the composition of the Audit and Nominating Committees following this appointment.
- Review the full terms of the standard non-management director compensation arrangement referenced in the filing.
- Confirm the vesting schedule and tax withholding implications for the $50,000 RSU grant.
- Check for any subsequent filings regarding Mr. Wilson's attendance or voting record at Board meetings.