LPL Financial Holdings Inc. (NASDAQ:LPLA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2018, Allison H. Mnookin was elected as a director of LPL Financial Holdings Inc. (the “Company”) and appointed as a member of the compensation and human resources committee of the board of directors of the Company (the “Board”).
The Board has determined that Ms. Mnookin is independent under applicable standards of the Nasdaq Stock Market and Securities and Exchange Commission.
Ms. Mnookin will be entitled to a pro-rated annual retainer under the Company’s non-employee director compensation policy (“Policy”). She was granted restricted shares of the Company’s common stock on June 1, 2018, in an amount determined under the Policy. The restricted shares will vest in full on May 7, 2019.
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Item 5.02 |
Regulation FD Disclosure. |
A copy of the press release issued by the Company in connection with Ms. Mnookin’s election is furnished with this Form 8-K and attached hereto as Exhibit 99.1.
The information presented under this Item 5.02 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
LPL Financial Holdings Inc. ExhibitEX-99.1 2 form8-kexhibit20180604pres.htm PRESS RELEASE Exhibit Exhibit 99.1For Immediate Release LPL FINANCIAL ELECTS ALLISON MNOOKIN AS NEW INDEPENDENT DIRECTORCHARLOTTE,…To view the full exhibit click here
About LPL Financial Holdings Inc. (NASDAQ:LPLA)
LPL Financial Holdings Inc. is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors (its advisors), including financial advisors at approximately 700 financial institutions across the country. Through its advisors, the Company is a distributor of financial products and services in the United States. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. The Company’s platform provides access to approximately 790 product providers that offer the various product lines, such as insurance-based products, alternative investments, structured products, mutual funds, separately managed accounts, exchange traded products, unit investment trusts, retirement plan products and annuities.
