Item 5.07 Submission of Matters to a Vote of Security Holders.

Annual Meeting of Stockholders

On June 11, 2020, Ares Management Corporation (the "Company") held its annual meeting of stockholders (the "Annual Meeting"). The issued and outstanding shares of stock of the Company entitled to vote at the Annual Meeting consisted of the shares of common stock outstanding on the record date, April 13, 2020 (the "Record Date"). As of the Record Date, there were 132,396,906 shares of our Class A common stock outstanding representing 132,396,906 votes, 1,000 shares of our Class B common stock outstanding representing 414,388,003 votes and 115,119,621 shares of our Class C common stock outstanding representing 115,119,621 votes, for a total of 661,984,530 votes. At the Annual Meeting, the Company's stockholders voted on the following proposals, each of which is described in more detail in the Company's definitive proxy statement filed on April 21, 2020, and the Company's inspector of election certified the vote tabulations indicated below.

Proposal 1

The nominees listed below were elected as directors of the Company to serve for one-year terms expiring at the 2021 Annual Meeting of Stockholders once their respective successors have been duly elected and qualified or until their earlier resignation or removal, based on the following votes:



                                FOR            AGAINST         ABSTAIN        BROKER NON-VOTES
Michael J Arougheti         616,924,379       25,535,387       137,851           8,536,195
Antoinette Bush             634,628,513       7,832,040        137,064           8,536,195
R. Kipp deVeer              615,807,357       26,652,427       137,833           8,536,195
Paul G. Joubert             634,623,785       7,828,017        145,815           8,536,195
David B. Kaplan             615,655,044       26,804,740       137,833           8,536,195
Michael Lynton              632,289,467       10,165,684       142,466           8,536,195
Dr. Judy D. Olian           634,627,997       7,827,890        141,730           8,536,195
Antony P. Ressler           615,785,123       26,670,295       142,199           8,536,195
Bennett Rosenthal           615,785,007       26,674,778       137,832           8,536,195



Proposal 2

The proposal to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the Company's 2020 fiscal year was approved based on the following votes:




        FOR            AGAINST        ABSTAIN
    650,648,455        444,849        40,508





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