UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2019
OAKTREE ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Cayman Islands | 001-38986 | 98-1482650 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) |
333 South Grand Avenue 28th Floor Los Angeles, CA | 90071 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including areacode: (213) 830-6300
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below ifthe Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting materialpursuant to Rule 14a-12 under the ExchangeAct (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the ExchangeAct (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the ExchangeAct (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Units, each consisting of one Class A ordinary share, $0.0001 par value, andone-third of one redeemable warrant | OAC.U | New York Stock Exchange | ||
Class A ordinary shares included as part of the units | OAC | New York Stock Exchange | ||
Warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 | OAC WS | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933or Rule 12b-2 of the Securities Exchange Act of 1934.
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 October 1, 2019, Oaktree Acquisition Corp. (the “Company”) appointed Mr. Zaid Pardesi as its Chief Financial Officer and Head of M&A, following the resignation of Alexander Taubman from his position as Chief Financial Officer. Mr. Pardesi’s appointment will be effective immediately. Mr. Taubman will remain President of the Company.
Mr. Pardesi is a senior vice president within Oaktree’s Value Equities strategy. He has spent his career originating, acquiring and managing middle-market companies in the industrial, consumer, and healthcare sectors, often operating platforms as CFO. Mr. Pardesi joined Oaktree in 2019 from The Cranemere Group, a global holding company, where he was a senior investment professional acquiring middle-market businesses. Prior thereto, Mr. Pardesi was an investor at H.I.G. Capital, where heco-founded andco-led the Chicago office, and at AEA Investors in New York and London. He began his career at Bain & Company. Mr. Pardesi received an M.B.A. from The Wharton School at the University of Pennsylvania, and a B.S. from Northwestern University, where he was a computer engineering and economics double major.
Mr. Pardesi will not be compensated by the Company for his services as Chief Financial Officer and has not entered into an employment agreement with the Company.
Mr. Pardesi does not have a family relationship with any director or executive officer of the Company and there are no arrangements or understandings between Mr. Pardesi and any other person pursuant to which Mr. Pardesi was selected to serve as Chief Financial Officer of the Company. There have been no transactions involving Mr. Pardesi that would require disclosure under Item 404(a) of RegulationS-K under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In connection with this appointment, Mr. Pardesi is expected to enter into an indemnity agreement and a letter agreement with the Company on the same terms as the indemnity agreements and letter agreements entered into by the directors and officers of the Company at the time of the Company’s initial public offering.
SIGNATURE
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.
Dated: October 3, 2019
OAKTREE ACQUISITION CORP. | ||
By: | /s/ Patrick McCaney | |
Name: | Patrick McCaney | |
Title: | Chief Executive Officer |