{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-102120","form_type":"8-K","ticker":"ARES","cik":"0001176948","company_name":"Ares Management Corp","filed_at":"2021-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.381748+00:00","generated_at":"2026-06-29T18:03:33.326757+00:00","sec_items":["5.02","7.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ares CFO McFerran terminated for inappropriate employee relationships; Phillips named new CFO","bullets":["Michael McFerran involuntarily terminated as Partner, COO and CFO after investigation found inappropriate personal relationships with employees in violation of policies.","Jarrod Phillips, previously CAO, appointed CFO and principal financial and accounting officer effective August 4, 2021.","Phillips receives $750K base salary and 20,000 Restricted Units vesting over 2-5 years.","McFerran forfeits all unvested equity and carried interest, including awards valued at over $50 million through 2026.","Business operations functions (Legal, HR, Compliance, Investment Ops, Tech) now report directly to CEO Arougheti."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-102120","json":"https://secwatch.observer/filing/0001104659-21-102120.json","markdown":"https://secwatch.observer/filing/0001104659-21-102120.md","text":"https://secwatch.observer/filing/0001104659-21-102120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1176948/000110465921102120/0001104659-21-102120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1176948/000110465921102120/tm2124522d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T18:03:33.326757+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"75fb894a96","claim":"Jarrod Phillips was appointed as Chief Financial Officer at Ares Management Corp.","evidence_excerpt":"Jarrod Phillips, who is a Partner and Chief Accounting Officer at the Company, has been appointed as Chief Financial Officer of the Company effective August 4, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1176948/000110465921102120/0001104659-21-102120-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"bdae708d9d","claim":"Michael R. McFerran departed as Partner, Chief Operating Officer and Chief Financial Officer at Ares Management Corp.","evidence_excerpt":"On August 4, 2021, Michael R. McFerran was involuntarily terminated as Partner, Chief Operating Officer and Chief Financial Officer of Ares Management Corporation","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1176948/000110465921102120/0001104659-21-102120-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"involuntarily terminated"},{"label":"Role","value":"Partner, Chief Operating Officer and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}