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 Officers

Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On December2, 2016, Mark S. Casady, chief executive officer of
LPL Financial Holdings Inc. (the Company) and chairman of the
board of directors of the Company (the Board), informed the Board
that he intends to retire as chief executive officer effective
January3, 2017. Mr.Casady will remain non-executive chairman of
the Board until March3, 2017.

The Board has appointed Dan H. Arnold, who is currently the
president of the Company, to serve as president and chief
executive officer of the Company effective upon Mr.Casadys
retirement. The Board will also appoint Mr.Arnold to the Board at
that time.

Mr.Arnold, age 51, has served as president of the Company since
March 2015, with responsibility for the Companys primary
client-facing functions and long-term strategy for growth.
Mr.Arnold leads the Advisor and Institution Solutions business
unit, which focuses on business development, existing advisor and
institution growth, enhancing the client experience, research and
corporate strategy, and sponsor partnerships. Previously,
Mr.Arnold served as the Companys chief financial officer from
November 2012 to March 2015 and was responsible for formulating
financial policy, leading the Companys capital management
efforts, and ensuring the effectiveness of the organizations
financial functions. Prior to 2012, he was managing director,
head of strategy, with responsibility for long-term strategic
planning for the firm, product and platform development, and
strategic investments, including acquisitions. He has also served
as divisional president of the Companys Institution Services
business. Mr.Arnold joined the Company in January 2007 following
its acquisition of UVEST, a leading provider of investment
services to banks and credit unions. Prior to joining the
Company, Mr.Arnold worked at UVEST for 13years, serving most
recently as president and chief operating officer. Mr.Arnold
earned a B.S. in electrical engineering from Auburn University
and holds an M.B.A. in finance from Georgia State University.

There are no arrangements or understandings between Mr.Arnold and
any other person to which he was selected as an officer.
Mr.Arnold does not have any family relationship with any director
or other executive officer of the Company or any person nominated
or chosen by the Company to become a director or executive
officer.

There are no related party transactions involving Mr.Arnold that
are reportable under Item404(a) of Regulation S-K.

The Compensation and Human Resources Committee of the Board (the
Committee) has not yet determined what modifications, if any,
will be made to the compensatory arrangements of Mr. Arnold, the
present elements of which are described in the Companys proxy
statement for its 2016 annual meeting of stockholders (the Proxy
Statement). Mr. Casady will be entitled to an annual cash bonus
award for 2016 in accordance with the terms of the Companys
executive bonus plan, payable in March 2017, based on the
Committees assessment of his contributions to the Companys
performance in 2016. During the period between January 3, 2017
and March 3, 2017, Mr. Casady will provide transition services,
in consideration for which he will continue to receive payment of
his salary and benefits, and continued vesting in his unvested
equity awards. The conclusion of his service on March 3, 2017
will constitute his retirement under the terms of his outstanding
equity awards granted since the beginning of 2014, as further
described in the Proxy Statement, and will not result in any
separation benefits under the Companys executive severance plan.

Item7.01 Regulation FD Disclosure.

A copy of the press release issued by LPL Financial LLC in
connection with the matters disclosed under Item5.02 is furnished
with this Form 8-K and attached hereto as Exhibit 99.1.

Exhibit 99.1 shall not be deemed filed for purposes of Section18
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.

Forward-Looking Statements

Statements in this current report on Form 8-K, including those
relating to the Companys management and Board, as well as any
other statements that are not related to present facts or current
conditions or that are not purely historical, constitute
forward-looking statements. These forward-looking statements are
based on the Companys plans and expectations as of the date of
this current report on Form 8-K. Forward-looking statements are
not guarantees that the future results, plans, intentions, or
expectations expressed or implied by the Company will be
achieved. Matters subject to forward-looking statements involve
known and unknown risks and uncertainties, including competitive
and other factors, which may cause actual events, or the timing
of events, to be materially different than those expressed or
implied by forward-looking statements. Important factors that
could cause or contribute to such differences include those set
forth in Part I, Item 1A. Risk Factors in the Companys 2015
Annual Report on Form 10-K, as may be amended or updated in the
Companys quarterly reports on Form 10-Q. Except as required by
law, the Company specifically disclaims any obligation to update
any forward-looking statements as a result of developments
occurring after the date of this current report on Form 8-K, even
if its expectations change, and you should not rely on statements
contained herein as representing the Companys views as of any
date subsequent to the date of this current report on Form 8-K.

Item9.01 Financial Statements and Exhibits.

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.

LPL Financial Holdings Inc. (NASDAQ:LPLA) Recent Trading Information

LPL Financial Holdings Inc. (NASDAQ:LPLA) closed its last trading session 00.00 at 40.99 with 488,580 shares trading hands.