DEF: Apollo Global Management Sets Date for 2025 Annual Stockholders Meeting, Board Nominees Announced

Apollo Global Management will hold its 2025 Annual Meeting of Stockholders virtually on June 6, 2025, to elect directors and ratify the appointment of Deloitte & Touche LLP as its independent accounting firm.

Summary

• Apollo Global Management, Inc. (AGM) will hold its Annual Meeting of Stockholders virtually on June 6, 2025, at 9:30 a.m. Eastern Time.
• Stockholders of record as of April 14, 2025, are entitled to vote at the meeting.
• The meeting will address the election of 15 directors to the Board for a one-year term expiring in 2026.
• The nominees are Marc Beilinson, James Belardi, Jessica Bibliowicz, Gary Cohn, Kerry Murphy Healey, Mitra Hormozi, Pamela Joyner, Scott Kleinman, Brian Leach, Pauline Richards, Marc Rowan, David Simon, Lynn Swann, Patrick Toomey, and James Zelter.
• The meeting will also ratify the appointment of Deloitte & Touche LLP as AGM's independent registered public accounting firm for the fiscal year ending December 31, 2025.
• Stockholders can register to attend the virtual meeting by June 3, 2025, at 11:59 p.m. Eastern Time.
• The Board of Directors recommends voting FOR the election of each director nominee and FOR the ratification of Deloitte's appointment.
• The company is providing access to proxy materials via the internet, with instructions on how to access the materials and vote online.

Sentiment

Score: 7

Explanation: The document is neutral in tone, providing necessary information for shareholders. The changes in board composition are noted, but do not indicate a negative outlook.

Positives

• The company is using a virtual-only format for the annual meeting to increase accessibility and participation.
• Stockholders have the option to access proxy materials online, reducing costs and environmental impact.
• The Board of Directors is recommending a vote FOR all director nominees and the ratification of the accounting firm.
• The company has a policy to keep votes confidential.
• The company has corporate governance guidelines that address significant corporate governance policies and procedures.
• The company has a code of business conduct and ethics that applies to the Board of Directors, principal executive officer, principal financial officer, principal accounting officer and controller.

Negatives

• Two board members are not being renominated, reducing the board size from 17 to 15.
• Jay Clayton, independent Chair of the Board of Directors, is resigning effective as of April 21, 2025.

Risks

• Forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially.
• The IRS could challenge AAM's claim to any increase in the tax basis of the assets owned by the Apollo Operating Group that resulted from the exchanges entered into by the Former Managing Partners or Contributing Partners.
• The IRS could also challenge any additional tax depreciation and amortization deductions or other tax benefits (including deductions for imputed interest expense associated with payments made under the tax receivable agreement) that AAM claimed as a result of, or in connection with, such increases in the tax basis of such assets.

Future Outlook

The document contains forward-looking statements, and actual results could differ materially from those expressed or implied.

Management Comments

• Mr. Rowan will make recommendations in partnership with AGM to donate through the Fund for the next five years.

Industry Context

This announcement is a routine part of corporate governance for publicly traded companies, ensuring shareholders have the opportunity to vote on key decisions.

Management Changes

Stakeholder Impact

• Shareholders are asked to vote on key decisions regarding the company's leadership and accounting practices.
• Employees may be affected by changes in the board and any resulting strategic shifts.

Next Steps

• Stockholders should review the proxy materials and vote their shares.
• Stockholders who wish to attend the virtual meeting must register by June 3, 2025.

Key Dates

Keywords

Annual Meeting, Proxy Statement, Board of Directors, Director Election, Deloitte & Touche, Stockholders, Corporate Governance, Executive Compensation, Related Transactions, Apollo Global Management