Raymond James Financial, Inc. (NYSE:RJF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 7, 2019, Raymond James Financial, Inc. (the “Company”) appointed Raj Seshadri, age 53, as a new non‑executive director, with a term commencing on June 1, 2019.
In addition to being appointed to the Company’s Board of Directors (the “Board”), Ms. Seshadri will be named to the Board’s Audit and Risk Committee.
Ms. Seshadri will participate in the standard fee arrangements for non-executive directors, which are described in the Company’s Proxy Statement for the 2019 Annual Meeting of Shareholders under the caption “Director Compensation,” filed with the Securities and Exchange Commission on January 17, 2019. Consistent with such arrangements, on the June 1, 2019 effective date of her appointment, Ms. Seshadri will be granted a prorated award of restricted stock units with a value of $112,500, which units will vest in full on the first anniversary of the grant date. Ms. Seshadri will also enter into the Company’s standard indemnification agreement which the Company concludes with all directors, to which we will indemnify her for certain actions she takes in her capacity as a director. A copy of the form of indemnification agreement is filed as Exhibit 10.1 to the Company’s Periodic Report on Form 8-K, filed with the Securities and Exchange Commission on March 6, 2019, and is incorporated herein by reference.
A copy of the press release issued by the Company in connection with the above is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following is filed as an exhibit to this report:
Exhibit No.
RAYMOND JAMES FINANCIAL INC Exhibit
EX-99.1 2 ex991_rjfreleasenewdirecto.htm EXHIBIT 99.1 PRESS RELEASE DATED MARCH 7,…
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About Raymond James Financial, Inc. (NYSE:RJF)
Raymond James Financial, Inc. (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc. (RJ&A), Raymond James Financial Services, Inc. (RJFS), Raymond James Financial Services Advisors, Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc. (Eagle), and Raymond James Bank, N.A. (RJ Bank). It operates through five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank and the Other segment. The Private Client Group segment includes the retail branches of the Company’s broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the operations of Eagle, the Eagle Family of Funds and other fee-based asset management programs. RJ Bank segment provides corporate loan, securities based loans (SB) and residential loans.