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Stock impact report

Oz Management Announces Strategic Plan To Complete Generational Transfer And Position The Firm For Long-term Success

OCH-ZIFF CAPITAL MGMT (OZM) 
Last och-ziff capital mgmt earnings: 8/2 07:26 am Check Earnings Report
Company Research Source: GlobeNewswire
Daniel Och and Former Executive Managing Directors Agree to Reallocate Significant Equity Creates Long-Term Alignment for Current EMDs with Shareholders and Clients Near-Term Debt Paydown and Restructuring to Facilitate Deleveraging Elects to Change Tax Classification from Partnership to C-Corporation Announces 1-For-10 Reverse Stock Split for Class A Shares NEW YORK, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Och-Ziff Capital Management Group LLC (NYSE: OZM) (the “Company,” or “Oz Management” or “Oz”) announced today a comprehensive strategic plan that includes a significant equity reallocation by Chairman Daniel S. Och and former executive managing directors to current executive managing directors, facilitates deleveraging of the Company’s balance sheet, and converts the Company’s tax classification from a partnership to a corporation. Robert Shafir, Oz Chief Executive Officer, said, “We believe the suite of strategic actions we are announcing today solidifies Oz’s future, providing Show less Read more
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