BAM Board Approves Non-Substantive Code of Ethics Changes

Rhea-AI Filing Summary

Brookfield Asset Management (NYSE:BAM) filed a Form 8-K reporting Board-approved amendments to its Code of Business Conduct and Ethics under Item 5.05.

The changes, approved on May 5 2025, are expressly characterized as non-substantive “clean-up and clarifying” revisions that apply to all directors, officers, employees and temporary workers. The updated Code is provided as Exhibit 14.1 and incorporated by reference.

No other items, financial data or strategic updates were included, indicating no immediate impact on operations, governance structure or financial condition.

8-K Event Classification

2 items: 5.05, 9.01

2 items

Item 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics Governance

The company amended or granted a waiver from its code of ethics for senior financial officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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): June 26, 2025

Brookfield Asset Management Ltd.

(Exact name of registrant as specified in its charter)

British Columbia, Canada	001-41563	98-1702516
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employee Identification No.)

Brookfield Place

250 Vesey Street, 15^th Floor

New York, NY 10281-0221

(Address of Principal Executive Offices)

(212) 417-7000

(Registrant’s telephone number, including area code)

(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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Class A Limited Voting Shares		BAM		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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. ☐

Item 5.05. Amendments to Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics.

On May 5, 2025, the Board of Directors of Brookfield Asset Management Ltd. (the “Company”) approved amendments to the Company’s Code of Business Conduct and Ethics (the “Code”). The amendments are non- substantive clean-up and clarifying changes. The Code is applicable to all directors, officers, employees and temporary workers of the Company and its wholly owned subsidiaries. A copy of the Code is attached hereto as Exhibit 14.1 and is incorporated by reference into this Item 5.05.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
14.1	Code of Business Conduct and Ethics
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 26, 2025

	Brookfield Asset Management Ltd.
	By:	/s/ Kathy Sarpash
	Name:	Kathy Sarpash
	Title:	Managing Director, Legal & Regulatory
		and Corporate Secretary

FAQ

What did BAM disclose in its June 26 2025 Form 8-K filing?

The company reported Board-approved, non-substantive amendments to its Code of Business Conduct and Ethics, provided as Exhibit 14.1.

When were the amendments to BAM’s Code of Ethics approved?

The Board of Directors approved the revisions on May 5 2025.

Are the Code of Ethics amendments considered material to investors?

No. BAM describes the changes as non-substantive clean-up and clarifications, with no stated impact on operations or strategy.

Where can investors access Brookfield’s updated Code of Business Conduct and Ethics?

The full text is attached to the 8-K as Exhibit 14.1 and is incorporated by reference.