Oaktree Capital Group appoints Brookfield's Nicholas Goodman as CEO; plans name change to Brookfield Oaktree Holdings
Brookfield Oaktree Holdings, LLC
Nicholas H. Goodman appointed CEO effective March 1, 2024; he will remain President/CFO of Brookfield and receive no compensation from Oaktree.
Company to rename to Brookfield Oaktree Holdings, LLC on March 15, 2024; preferred unit tickers OAK-PA/OAK-PB and CUSIPs unchanged.
Q2 2024 internal reorganization: General Partner of Oaktree Capital I transferred to new Atlas OCM entity; no economic impact on Company.
Preferred unitholder distribution protections enhanced via letter agreement with Atlas OCM, restricting distributions on junior units unless preferred distributions are paid.
On February 28, 2024, Nicholas H. Goodman was appointed chief executive officer of Oaktree Capital Group, LLC (the “Company”) by the board of directors of the Company (the “Board”), effective as of March 1, 2024.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Nicholas H. Goodman was appointed as chief executive officer at Brookfield Oaktree Holdings, LLC.
Action
appointed
Role
chief executive officer
Exact text from the filing
On February 28, 2024, Nicholas H. Goodman was appointed chief executive officer of Oaktree Capital Group, LLC (the “Company”) by the board of directors of the Company (the “Board”), effective as of March 1, 2024.
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