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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 OR □ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Delaware ( State or other jurisdiction of incorporation or organization ) to Commission File No. 001-36429 ØARES ARES MANAGEMENT CORPORATION ( Exact name of Registrant as specified in its charter ) 80-0962035 ( I.R.S. Employer Identification Number ) 2000 Avenue of the Stars , 12th Floor , Los Angeles , CA 90067 ( Address of principal executive office ) ( Zip Code ) ( 310 ) 201-4100 ( Registrant's telephone number , including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Class A common stock , par value $ 0.01 per share 7.00 % Series A Preferred Stock , par value $ 0.01 per share N / A ( Former name , former address and former fiscal year , if changed since last report ) Trading Symbol ( s ) Name of each exchange on which registered ARES New York Stock Exchange ARES.PRA New York Stock Exchange Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes ¨ No x Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days : Yes x No¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes x No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See definitions of “ large accelerated filer , ” “ accelerated filer , ” “ smaller reporting company . ” and “ emerging growth company " in Rule 12b - 2 of the Exchange Act . Large Accelerated Filer X Accelerated Filer 0 Non - Accelerated Filer Smaller Reporting Company 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 . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Yes > No Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes No x The aggregate market value of the common shares held by non - affiliates of the registrant on June 30 , 2020 , based on the closing price on that date of $ 39.70 on the New York Stock Exchange , was approximately $ 4,469,964,167 . As of February 18 , 2021 there were 149,539,441 of the registrant's shares of Class A common stock outstanding , 1,000 shares of the registrant's Class B common stock outstanding , and 112,447,618 of the registrant's Class C common stock outstanding . DOCUMENTS INCORPORATED BY REFERENCE Part III of this Form 10 - K incorporates by reference information from the registrant's definitive proxy statement related to the 2021 annual meeting of stockholders .