Digitalbridge Group, Inc. current report, 19 June 2019

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Business Context and Reporting Period

This Form 8-K Current Report was filed by Colony Capital, Inc. (not Digitalbridge Group, Inc.) on June 19, 2019. The report discloses a corporate governance event regarding the appointment of a new independent 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 Expansion: The size of the Board of Directors was increased to twelve (12) members.
  • New Appointment: Dale Anne Reiss was appointed as an independent director, effective June 19, 2019.
  • Strategic Context: The appointment was mutually agreed upon by the Company and Blackwells Capital LLC pursuant to a Cooperation Agreement dated February 10, 2019.

Management Commentary and Risks

Director Background: Ms. Reiss brings extensive expertise in financial and accounting matters. She is a Certified Public Accountant (CPA) and currently serves as Senior Managing Director of Brock Capital Group LLC. Her background includes leadership roles at Ernst & Young LLP and directorships at Tutor Perini Corporation and Starwood Real Estate Income Trust.

Compensation: Ms. Reiss's compensation will be consistent with the Company's non-employee director compensation policy, subject to pro-ration based on her commencement date. No transactions requiring disclosure under Item 404(a) of Regulation S-K exist.

Risks and Contingencies: The filing does not disclose new material risks, contingencies, or unusual items beyond the standard governance update.

Investor Verification Checklist

  • Verify the terms of the Cooperation Agreement with Blackwells Capital LLC referenced in the filing.
  • Review the definitive proxy statement on Schedule 14A (filed March 28, 2019) for details on the non-employee director compensation policy.
  • Confirm the current composition of the Board of Directors following the increase to 12 members.