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ACRE > SEC Filings for ACRE > Form 8-K on 5-Dec-2013All Recent SEC Filings

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Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 2, 2013, the Registrant's Board of Directors approved a resolution making Todd S. Schuster, co-Chief Executive Officer of the Registrant, also President of the Registrant effective December 31, 2013. Mr. Schuster, 53, has served as co-Chief Executive Officer of the Registrant since June 2013. The biography for Mr. Schuster is included under Item 5.02 of the Registrant's Current Report on Form 8-K filed on May 15, 2013 and is incorporated herein by reference. Also on December 2, 2013, Bruce R. Cohen resigned from his position as President and Chief Operating Officer effective December 31, 2013 in order to focus on other Ares matters. Mr. Cohen remains a Senior Partner of the Ares Management Real Estate Group.

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