secwatch.observer — SEC 8-K summary
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Issuer:     Carlyle Group Inc. (CG)
CIK:        0001527166
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001527166-23-000007
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carlyle names former Goldman Sachs exec Harvey Schwartz as CEO, effective Feb 15
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- Harvey Schwartz appointed CEO and board member effective Feb 15, 2023; Bill Conway returns to Co-Chairman role.
- Employment terms: $1M base salary, $3M target bonus, $180M inducement equity ($108M PSU, $72M RSU) tied to stock price hurdles.
- Make-whole compensation up to $19.5M cash + $3.1M donor-advised fund for forfeited awards from prior employer.
- Severance: 1.5x base+bonus (2x in change of control), plus prorated bonus and healthcare for 18 months.
- Schwartz previously served as President and Co-COO of Goldman Sachs from 1997.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527166/000152716623000007/0001527166-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527166/000152716623000007/cg-20230205.htm
  HTML page:      https://secwatch.observer/filing/0001527166-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer