Blackstone Director Joseph Baratta To Resign December 31, And The Board Shrinks To Seven
An 8-K says Baratta will resign effective December 31, 2026, with no replacement named and the board cut from eight seats.
Blackstone director Joseph Baratta told the board on Friday that he intends to resign effective December 31, 2026, in connection with his planned retirement from the firm, according to an 8-K the company filed Thursday. The board will go from eight members to seven on that date.
What the 8-K says
The filing, made under Item 5.02 (the section covering director and officer departures), says Baratta notified the board on October 9 of his intention to resign as a director. His planned retirement from Blackstone is the stated context.
Baratta remains a director until the effective date, December 31, 2026.
What it changes
The filing names no successor. Instead, it says the board's size will be reduced from eight members to seven as of the effective date, so his seat goes away rather than being filled.
For holders, the practical change is a smaller board from year-end. Blackstone shares closed at $109.20 at Thursday's close, up 2.82% on the session; the filing was accepted by EDGAR at 4:12 p.m. ET Thursday.
What to watch
The resignation and the cut to seven seats both take effect on December 31, 2026.
The 8-K is signed by Victoria Portnoy, Managing Director and Assistant Secretary, and sets December 31, 2026 as the date the board drops to seven.
Sources
- 8-K Filing — Blackstone Inc. (BX) — SEC EDGAR
- Siddharth Nawal to succeed Dalip Sehgal as Nexus Select Trust CEO from 2027 | Company News - Business Standard — business-standard.com
