T. Rowe Price completes $3.3B acquisition of Oak Hill Advisors (OHA) alternative credit manager

PRICE T ROWE GROUP INC

Purchase price ~$3.3B: 74% cash, 26% stock (4,447,088 shares issued).
Earnout consideration up to $900M upon milestone achievement, payable 2025-2027.
OHA operates as standalone; Glenn August remains CEO, joins TROW Board and Management Committee.
Robert Sharps, incoming CEO, joins T. Rowe Price board effective Dec 30, 2021.
OHA has $56B capital under management (Nov 30, 2021) across credit strategies.

item 1.01 item 2.01 item 2.03 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Glenn R. August

director

TROW · PRICE T ROWE GROUP INC

Effective: 2021-12-30
Filed: December 30, 2021, 6:59 PM ET

the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective, along with the appointment of Mr. August to the Company's Management Committee

Appointed

Robert W. Sharps

director

TROW · PRICE T ROWE GROUP INC

Effective: 2021-12-30
Filed: December 30, 2021, 6:59 PM ET

the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective

Appointed

Glenn R. August

Member of Management Committee

TROW · PRICE T ROWE GROUP INC

Effective: 2021-12-30
Filed: December 30, 2021, 6:59 PM ET

the appointment of Mr. August to the Company's Management Committee

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Glenn R. August was appointed as director at PRICE T ROWE GROUP INC.

Action: appointed
Role: director

Exact text from the filing

the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective, along with the appointment of Mr. August to the Company's Management Committee

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert W. Sharps was appointed as director at PRICE T ROWE GROUP INC.

Action: appointed
Role: director

Exact text from the filing

the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Glenn R. August was appointed as Member of Management Committee at PRICE T ROWE GROUP INC.

Action: appointed
Role: Member of Management Committee

Exact text from the filing

the appointment of Mr. August to the Company's Management Committee

View on SEC.gov

PRICE T ROWE GROUP INC filing history →

Source: SEC EDGAR

accession 0001113169-21-000040

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