Form 8-K COWEN GROUP, INC. For: Apr 24
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 24, 2015
COWEN GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware |
|
001-34516 |
|
27-0423711 |
(State or Other Jurisdiction |
|
(Commission File Number) |
|
(I.R.S. Employer |
599 Lexington Avenue
New York, NY 10022
(Address of Principal Executive Offices and Zip Code)
Registrants telephone number, including area code: (212) 845-7900
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 24, 2015, Cowen Group, Inc. (the Company) entered into amendments (the Amendments) to the Employment Agreements, dated as of August 2, 2012, with each of Messrs. Lasota, Holmes and Littman, the Chief Financial Officer, Chief Operating Officer and General Counsel of the Company, respectively. The purpose of the Amendments was to eliminate Messrs. Lasotas, Holmess and Littmans guaranteed minimum bonus provided for in their respective employment agreements. The Amendments are filed as Exhibits 10.1, 10.2 and 10.3 to this Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) |
|
Exhibits. The following exhibits are filed herewith: |
|
|
|
Exhibit 10.1 |
|
Amendment to the Employment Agreement between the Company and Stephen Lasota dated April 24, 2015 |
|
|
|
Exhibit 10.2 |
|
Amendment to the Employment Agreement between the Company and John Holmes dated April 24, 2015 |
|
|
|
Exhibit 10.3 |
|
Amendment to the Employment Agreement between the Company and Owen Littman dated April 24, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
COWEN GROUP, INC. | |
|
| |
|
| |
Dated: April 27, 2015 |
By: |
/s/ Owen S. Littman |
|
Name: |
Owen S. Littman |
|
Title: |
General Counsel |
Exhibit 10.1
April 24, 2015
Stephen Lasota
Address of record at Cowen
Dear Steve:
This letter amendment (this Amendment) sets forth the mutual agreement between you and Cowen Group, Inc. (the Company) to amend your employment agreement, dated August 2, 2012 (your Employment Agreement). This Amendment becomes effective when signed by you and the Company.
Specifically, your Employment Agreement is amended as follows:
· Section 1(bb) is deleted.
· Section 4(b) is deleted.
This Amendment does not amend any other terms of your Employment Agreement, all of which remain in full force and effect. You acknowledge that this Amendment does not entitle you to terminate your employment for Good Reason under your Employment Agreement.
|
Sincerely, | |||
|
| |||
|
By: | |||
|
| |||
|
/s/ Peter A. Cohen | |||
|
Peter A. Cohen | |||
|
CEO | |||
|
| |||
AGREED AND ACCEPTED: |
| |||
|
|
|
| |
|
|
|
| |
Signed: |
/s/ Stephen Lasota |
|
April 24, 2015 |
|
|
Stephen Lasota |
|
Date |
|
Exhibit 10.2
April 24, 2015
John Holmes
Address of record at Cowen
Dear John:
This letter amendment (this Amendment) sets forth the mutual agreement between you and Cowen Group, Inc. (the Company) to amend your employment agreement, dated August 2, 2012 (your Employment Agreement). This Amendment becomes effective when signed by you and the Company.
Specifically, your Employment Agreement is amended as follows:
· In the first WHEREAS clause and Section 1(z)(ii) of Good Reason, the title Chief Administrative Officer is deleted and replaced with the title Chief Operating Officer.
· Section 1(bb) is deleted.
· Section 4(b) is deleted.
This Amendment does not amend any other terms of your Employment Agreement, all of which remain in full force and effect. You acknowledge that this Amendment does not entitle you to terminate your employment for Good Reason under your Employment Agreement.
|
Sincerely, | |||
|
| |||
|
By: | |||
|
| |||
|
/s/ Peter A. Cohen | |||
|
Peter A. Cohen | |||
|
CEO | |||
|
| |||
AGREED AND ACCEPTED: |
| |||
|
|
|
| |
|
|
|
| |
Signed: |
/s/ John Holmes |
|
April 24, 2015 |
|
|
John Holmes |
|
Date |
|
Exhibit 10.3
April 24, 2015
Owen Littman
Address of record at Cowen
Dear Owen:
This letter amendment (this Amendment) sets forth the mutual agreement between you and Cowen Group, Inc. (the Company) to amend your employment agreement, dated August 2, 2012 (your Employment Agreement). This Amendment becomes effective when signed by you and the Company.
Specifically, your Employment Agreement is amended as follows:
· Section 1(bb) is deleted.
· Section 4(b) is deleted.
This Amendment does not amend any other terms of your Employment Agreement, all of which remain in full force and effect. You acknowledge that this Amendment does not entitle you to terminate your employment for Good Reason under your Employment Agreement.
|
Sincerely, | |||
|
| |||
|
By: | |||
|
| |||
|
/s/ Peter A. Cohen | |||
|
Peter A. Cohen | |||
|
CEO | |||
|
| |||
AGREED AND ACCEPTED: |
| |||
|
|
|
| |
|
|
|
| |
Signed: |
/s/ Owen Littman |
|
April 24, 2015 |
|
|
Owen Littman |
|
Date |
|
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- First Cash Financial (FCFS) PT Lowered to $140 at TD Cowen
- TD Cowen Reiterates Buy Rating on Day One Biopharmaceuticals (DAWN)
- Danaher (DHR) PT Raised to $290 at TD Cowen
Create E-mail Alert Related Categories
SEC FilingsRelated Entities
Cowen & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!