UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 6, 2008
GLG Partners, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-33217
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20-5009693 |
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer |
of incorporation)
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File Number)
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Identification No.) |
390 Park Avenue, 20th Floor
New York, New York 10022
(Address of principal executive offices)
Registrants telephone number, including area code: (212) 224-7200
Not Applicable
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
On February 6, 2008, GLG Partners (the Company) released its earnings for the fourth fiscal
quarter and full fiscal year of 2007 and is furnishing a copy of the earnings release to the
Securities and Exchange Commission under Item 2.02 of this Current Report on Form 8-K. In
addition, the Company will discuss its financial results during a webcast and teleconference call
on Wednesday, February 6, 2008 at 8:30 a.m. (ET). To access the webcast and teleconference call,
go to the Companys website at www.glgpartners.com.
The Company presents certain financial measures, such as adjusted net income,
comprehensive limited partner
profit share, compensation and benefits and non GAAP weighted average fully diluted shares, that are not prepared in accordance with U.S. generally
accepted accounting principles, or GAAP, in addition to financial results prepared in accordance
with GAAP. See the discussion in the earnings release under Non GAAP Financial Measures. The
Companys management uses these non GAAP financial measures in its evaluation of the Companys
core results of operations and trends between fiscal periods and believes these measures are an
important component of its internal performance measurement process. The Companys management also
prepares forecasts for future periods on a basis consistent with these non GAAP financial measures.
Under the Companys credit facility, the Company and its subsidiaries are required to maintain
compliance with certain financial covenants based on adjusted earnings before interest expense,
provision for income taxes, depreciation and amortization, or adjusted EBITDA, which is calculated
based on the non GAAP adjusted net income measure, further adjusted to add back interest expense,
provision for income taxes, depreciation and amortization. Non GAAP adjusted net income has
certain limitations in that it may overcompensate for certain costs and expenditures related to the
Companys business and may not be indicative of the cash flows from operations as determined in
accordance with GAAP.
Item 8.01. Other Events.
Attached as Exhibit 99.2 to this Current Report on Form 8-K and incorporated herein by
reference is the investor presentation to be used by the Company in conjunction with the Companys
webcast and teleconference call.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release of the Company dated February 6, 2008.
99.2 Investor Presentation dated February 6, 2008.
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