UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 9, 2024, P10, Inc. (the “Company”) announced that William F. Souder, the Company’s chief operating officer, will be retiring from the Company in May of 2024. In conjunction therewith, on February 6, 2024, the Company delivered written notice of non-renewal to Mr. Souder under his employment agreement, and Mr. Souder’s employment will end as of the expiration of the initial term of the employment agreement on May 11, 2024, unless terminated earlier in accordance with the provisions of the employment agreement. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
Description |
104 |
Cover Page Interactive Data File (formatted as inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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P10, INC. |
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February 9, 2024 |
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/s/ Amanda Coussens |
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Amanda Coussens |
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P10 Announces Chief Operating Officer William Souder to Retire
Expected to remain in role through May of 2024 to ensure seamless transition
DALLAS, Feb. 9, 2024 -- P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced that William “Fritz” Souder, the Chief Operating Officer of P10, Inc., will be retiring from the Company in May of 2024. Prior to Mr. Souder’s departure the company expects to announce a reallocation of his responsibilities.
“Fritz has played an important role in establishing and growing P10 into the world-class alternative asset management firm it is today,” said Luke Sarsfield, Chief Executive Officer. “From his time as one of the founding partners of RCP, the first of our investment strategies to join the platform, to his time as P10’s COO, he has done an outstanding job for limited partners, shareholders and employees as well as the many community organizations he participates in. The firm is incredibly grateful for his years of service and wishes him all of the best in his next chapter. We look forward to sharing some more updates on our organizational structure during our fourth quarter 2023 earnings conference call on February 29, 2024.”
About P10
P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry. P10’s mission is to provide its investors differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. As of September 30, 2023, P10 has a global investor base of more than 3,500 investors across 50 states, 60 countries, and six continents, which includes some of the world’s largest pension funds, endowments, foundations, corporate pensions, and financial institutions. Visit www.p10alts.com.
Ownership Limitations
P10’s Certificate of Incorporation contains certain provisions for the protection of tax benefits relating to P10’s net operating losses. Such provisions generally void transfers of shares that would result in the creation of a new 4.99% shareholder or result in an existing 4.99% shareholder acquiring additional shares of P10.
P10 Investor Contact:
info@p10alts.com
P10 Media Contact:
Josh Clarkson
jclarkson@prosek.com